Report Update Nov 1, 2024

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

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Guatemala: Vermouth Market 2024

Vermouth Market Size in Guatemala

In 2022, after four years of growth, there was significant decline in the Guatemalan vermouth market, when its value decreased by -40.6% to $X. Over the period under review, consumption, however, saw a significant expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted markedly in the following year.

Vermouth Exports

Exports from Guatemala

In 2022, approx. X litres of vermouth were exported from Guatemala; declining by -48.8% compared with 2021. In general, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 16,600% against the previous year. Over the period under review, the exports hit record highs at X litres in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, vermouth exports plummeted to $X in 2022. Overall, exports recorded a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 4,519%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

El Salvador (X litres) was the main destination for vermouth exports from Guatemala, accounting for a 95% share of total exports. Moreover, vermouth exports to El Salvador exceeded the volume sent to the second major destination, the United States (X litres), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador amounted to -43.4%.

In value terms, El Salvador ($X) remains the key foreign market for vermouth exports from Guatemala, comprising 91% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to El Salvador amounted to -32.4%.

Export Prices by Country

In 2022, the average vermouth export price amounted to $X per litre, which is down by -19.1% against the previous year. In general, the export price showed a noticeable decrease. The growth pace was the most rapid in 2020 an increase of 1,617%. As a result, the export price reached the peak level of $X per litre. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to El Salvador stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vermouth Imports

Imports into Guatemala

In 2022, overseas purchases of vermouth decreased by -40.5% to X litres for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 221% against the previous year. Over the period under review, imports attained the peak figure at X litres in 2021, and then shrank notably in the following year.

In value terms, vermouth imports dropped dramatically to $X in 2022. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 318%. Imports peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

In 2022, Spain (X litres) constituted the largest vermouth supplier to Guatemala, accounting for a 71% share of total imports. Moreover, vermouth imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X litres), threefold.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +41.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+25.0% per year) and the United States (+15.0% per year).

In value terms, Spain ($X) constituted the largest supplier of vermouth to Guatemala, comprising 71% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +52.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.3% per year) and the United States (+19.2% per year).

Import Prices by Country

In 2022, the average vermouth import price amounted to $X per litre, remaining relatively unchanged against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vermouth import price increased by +58.5% against 2017 indices. The growth pace was the most rapid in 2014 when the average import price increased by 30%. The import price peaked at $X per litre in 2021, and then declined in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per litre), while the price for Italy ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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

Guatemala

Data coverage:

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