Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Greece: Vermouth Market 2024

Vermouth Market Size in Greece

The Greek vermouth market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, recorded a noticeable downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vermouth Exports

Exports from Greece

In 2022, the amount of vermouth exported from Greece surged to X litres, jumping by 219% compared with the year before. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by 258% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, vermouth exports skyrocketed to $X in 2022. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 262%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Romania (X litres), Cyprus (X litres) and the United States (X litres) were the main destinations of vermouth exports from Greece, together comprising 54% of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +159.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vermouth exported from Greece were Romania ($X), Cyprus ($X) and the United States ($X), together comprising 47% of total exports.

Romania, with a CAGR of +140.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vermouth export price amounted to $X per litre, with a decrease of -19.3% against the previous year. In general, the export price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when the average export price increased by 15% against the previous year. The export price peaked at $X per litre in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per litre), while the average price for exports to Slovakia ($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 Turkey (+0.6%), while the prices for the other major destinations experienced a decline.

Vermouth Imports

Imports into Greece

In 2022, overseas purchases of vermouth increased by 19% to X litres for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of 35%. As a result, imports attained the peak of X litres. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, vermouth imports soared to $X in 2022. In general, imports, however, showed a noticeable descent. The growth pace was the most rapid in 2016 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X litres) constituted the largest supplier of vermouth to Greece, with a 66% share of total imports. Moreover, vermouth imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X litres), fourfold. The third position in this ranking was held by Germany (X litres), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.5% per year) and Germany (-14.4% per year).

In value terms, the largest vermouth suppliers to Greece were Italy ($X), Spain ($X) and France ($X), together accounting for 80% of total imports.

In terms of the main suppliers, France, with a CAGR of +13.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average vermouth import price stood at $X per litre in 2022, surging by 3.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 55% against the previous year. As a result, import price attained the peak level of $X per litre. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per litre), while the price for Spain ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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. India ranked third in terms of total production with a 9.5% share.

What are the leading suppliers of vermouth to Greece?

In value terms, the largest vermouth suppliers to Greece were Spain, Italy and Germany, together accounting for 87% of total imports. The Netherlands lagged somewhat behind, accounting for a further 6.7%.

What are the leading importers of vermouth from Greece?

In value terms, the largest markets for vermouth exported from Greece were the United States, Turkey and Latvia, together accounting for 54% of total exports.

What is the average export price for vermouth in Greece?

In 2021, the average vermouth export price amounted to $4.7 per litre, picking up by 5.4% against the previous year.

What is the average import price for vermouth in Greece?

In 2021, the average vermouth import price amounted to $2.2 per litre, falling by -4% against the previous year.

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

Greece

Data coverage:

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