Report Update Nov 1, 2024

Bangladesh - Vermouth - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Vermouth Market 2024

Vermouth Market Size in Bangladesh

The Bangladeshi vermouth market contracted slightly to $X in 2022, shrinking by -1.9% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Vermouth consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Vermouth Production in Bangladesh

In value terms, vermouth production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 16% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Vermouth Exports

Exports from Bangladesh

In 2016, overseas shipments of vermouth decreased by -93.9% to X litres for the first time since 2012, thus ending a three-year declining trend. In general, exports recorded a abrupt downturn. The smallest decline of -72.1% was in 2013. Over the period under review, the exports reached the maximum at X litres in 2015, and then dropped significantly in the following year.

In value terms, vermouth exports dropped notably to $X in 2016. Overall, exports recorded a abrupt curtailment. The smallest decline of -71.8% was in 2013. Over the period under review, the exports hit record highs at $X in 2015, and then declined remarkably in the following year.

Exports by Country

Togo (X litres) was the main destination for vermouth exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to Togo was relatively modest.

In value terms, Togo ($X) emerged as the key foreign market for vermouth exports from Bangladesh.

From 2012 to 2016, the average annual growth rate of value to Togo was relatively modest.

Export Prices by Country

In 2016, the average vermouth export price amounted to $X per litre, dropping by -8.9% against the previous year. Over the period under review, the export price showed a pronounced downturn. The pace of growth appeared the most rapid in 2013 an increase of 1.1% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2014 to 2016, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Togo.

From 2012 to 2016, the rate of growth in terms of prices for Togo amounted to 0.0% per year.

Vermouth Imports

Imports into Bangladesh

Vermouth imports into Bangladesh surged to X litres in 2022, increasing by 710% against the previous year's figure. In general, imports posted a prominent increase. Imports peaked at X litres in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, vermouth imports soared to $X in 2022. Overall, imports showed prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 1,885% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

France (X litres), Singapore (X litres) and Belgium (X litres) were the main suppliers of vermouth imports to Bangladesh, with a combined 59% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +34.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constituted the largest supplier of vermouth to Bangladesh, comprising 30% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by Belgium, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore stood at +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.7% per year) and Belgium (0.0% per year).

Import Prices by Country

In 2022, the average vermouth import price amounted to $X per litre, shrinking by -4.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 171%. As a result, import price reached the peak level of $X per litre. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per litre), while the price for France ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+14.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vermouth in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 48% of global consumption.

What are the largest producers of vermouth in the world?

China remains the largest vermouth producing country worldwide, accounting for 26% of total volume. Moreover, vermouth production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with a 9.5% share.

What are the leading suppliers of vermouth to Bangladesh?

In value terms, Singapore constituted the largest supplier of vermouth to Bangladesh, comprising 71% of total imports. The second position in the ranking was occupied by France, with a 19% share of total imports. It was followed by the United Arab Emirates, with a 5.3% share.

What is the average export price for vermouth in Bangladesh?

The average vermouth export price stood at $0.6 per litre in 2016, with a decrease of -8.9% against the previous year.

What is the average import price for vermouth in Bangladesh?

The average vermouth import price stood at $5 per litre in 2021, jumping by 17% against the previous year.

This report provides an in-depth analysis of the vermouth market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11041000 - Vermouth and other wine of fresh grapes flavoured with plants or aromatic substances (excluding alcohol duty)

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023