In 2023, the import value of Vermouth and Other Flavoured Grape Wines in packs greater than 2L to Italy stood at $310.15 thousand. The forecast from 2024 to 2028 shows a consistent decline, with values decreasing from $299.34 thousand in 2024 to $261.4 thousand by 2028. The year-on-year decrease averages about 3.2% annually, with a cumulative average growth rate (CAGR) of -4.12% over the 5-year period.
Future trends to watch for include:
- Fluctuations in global grape wine production and supply chain dynamics.
- Changes in Italian consumer preferences and potential shifts towards local wine production.
- Potential regulatory changes affecting import tariffs and trade agreements.