Report Update Nov 1, 2024

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

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Brazil: Vermouth Market 2024

Vermouth Market Size in Brazil

The Brazilian vermouth market declined to $X in 2022, with a decrease of -8.8% against the previous year. In general, consumption recorded a noticeable decrease. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Vermouth Production in Brazil

In value terms, vermouth production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2015 with an increase of 35%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Vermouth Exports

Exports from Brazil

In 2022, exports of vermouth from Brazil skyrocketed to X litres, rising by 56% against the previous year's figure. In general, exports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2017 with an increase of 114% against the previous year. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vermouth exports soared to $X in 2022. Overall, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 197% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana (X litres), Chile (X litres) and Togo (X litres) were the main destinations of vermouth exports from Brazil, with a combined 85% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +25.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vermouth exported from Brazil were Chile ($X), Ghana ($X) and Paraguay ($X), together comprising 84% of total exports.

Among the main countries of destination, Ghana, with a CAGR of +22.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vermouth export price stood at $X per litre in 2022, picking up by 17% against the previous year. Overall, the export price, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2015 when the average export price increased by 89%. As a result, the export price reached the peak level of $X per litre. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per litre), while the average price for exports to Ghana ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vermouth Imports

Imports into Brazil

In 2022, overseas purchases of vermouth decreased by -7.2% to X litres for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 276%. Over the period under review, imports hit record highs at X litres in 2021, and then shrank in the following year.

In value terms, vermouth imports contracted to $X in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 301% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Argentina (X litres) constituted the largest vermouth supplier to Brazil, accounting for a 57% share of total imports. Moreover, vermouth imports from Argentina exceeded the figures recorded by the second-largest supplier, Italy (X litres), twofold. The third position in this ranking was taken by France (X litres), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina stood at +51.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+53.8% per year) and France (+39.3% per year).

In value terms, the largest vermouth suppliers to Brazil were Italy ($X), Argentina ($X) and France ($X), with a combined 99% share of total imports.

Italy, with a CAGR of +51.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vermouth import price amounted to $X per litre, declining by -4.8% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 37%. The import price peaked at $X per litre in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.1%), 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 accounting for 48% of global consumption.

What are the largest producers of vermouth in the world?

China remains the largest vermouth producing country worldwide, comprising approx. 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 Brazil?

In value terms, Italy constituted the largest supplier of vermouth to Brazil, comprising 54% of total imports. The second position in the ranking was occupied by France, with a 21% share of total imports. It was followed by the United States, with an 11% share.

What are the leading importers of vermouth from Brazil?

In value terms, the largest markets for vermouth exported from Brazil were the United States, Ghana and Paraguay, together comprising 74% of total exports. These countries were followed by Cuba, Angola, Togo and Cabo Verde, which together accounted for a further 20%.

What is the average export price for vermouth in Brazil?

The average vermouth export price stood at $2.2 per litre in 2021, picking up by 29% against the previous year.

What is the average import price for vermouth in Brazil?

The average vermouth import price stood at $4.4 per litre in 2021, jumping by 23% against the previous year.

This report provides an in-depth analysis of the vermouth market in Brazil. 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:

Brazil

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Brazil
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