Israel: Vermouth Market 2024

Vermouth Market Size in Israel

The Israeli vermouth market shrank sharply to $X in 2022, declining by -17.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +87.5% against 2014 indices. Vermouth consumption peaked at $X in 2021, and then shrank remarkably in the following year.

Vermouth Exports

Exports from Israel

In 2022, shipments abroad of vermouth decreased by -61.4% to X litres for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a perceptible descent. The most prominent rate of growth was recorded in 2019 with an increase of 162% against the previous year. Over the period under review, the exports attained the peak figure at X litres in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, vermouth exports shrank remarkably to $X in 2022. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 202%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X litres) was the main destination for vermouth exports from Israel, accounting for a 67% share of total exports. Moreover, vermouth exports to Germany exceeded the volume sent to the second major destination, Moldova (X litres), fourfold. The third position in this ranking was taken by Slovakia (X litres), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (0.0% per year) and Slovakia (+1,808.8% per year).

In value terms, Germany ($X) emerged as the key foreign market for vermouth exports from Israel, comprising 75% of total exports. The second position in the ranking was held by Moldova ($X), with an 11% share of total exports. It was followed by Slovakia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (0.0% per year) and Slovakia (+1,632.1% per year).

Export Prices by Country

In 2022, the average vermouth export price amounted to $X per litre, dropping by -29.2% against the previous year. In general, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 133%. The export price peaked at $X per litre in 2017; however, from 2018 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 Slovakia ($X per litre), while the average price for exports to Moldova ($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 Cyprus (-4.6%), while the prices for the other major destinations experienced a decline.

Vermouth Imports

Imports into Israel

In 2022, approx. X litres of vermouth were imported into Israel; shrinking by -22.3% against 2021. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 55%. Over the period under review, imports attained the maximum at X litres in 2021, and then declined remarkably in the following year.

In value terms, vermouth imports dropped significantly to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +7.9% against 2013 indices. The pace of growth was the most pronounced in 2013 when imports increased by 57%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

In 2022, Italy (X litres) constituted the largest supplier of vermouth to Israel, with a 73% share of total imports. Moreover, vermouth imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X litres), sixfold. France (X litres) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+3.4% per year) and France (+31.2% per year).

In value terms, Italy ($X) constituted the largest supplier of vermouth to Israel, comprising 73% of total imports. The second position in the ranking was held by Spain ($X), with a 12% share of total imports. It was followed by France, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+13.1% per year) and France (+35.6% per year).

Import Prices by Country

In 2022, the average vermouth import price amounted to $X per litre, surging by 5.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 38% against the previous year. Over the period under review, average import prices reached the maximum at $X per litre in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Bulgaria ($X per litre) and the United States ($X per litre), while the price for Spain ($X per litre) and Italy ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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