Malaysia: Vermouth Market 2025

Vermouth Market Size in Malaysia

The Malaysian vermouth market declined remarkably to $X in 2022, which is down by -20.4% 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). Over the period under review, consumption showed a precipitous contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Vermouth Exports

Exports from Malaysia

In 2022, overseas shipments of vermouth decreased by -8.8% to X litres, falling for the third consecutive year after two years of growth. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2019 when exports increased by 731% against the previous year. Over the period under review, the exports attained the peak figure at X litres in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, vermouth exports totaled $X in 2022. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 860%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X litres) was the main destination for vermouth exports from Malaysia, accounting for a 98% share of total exports. It was followed by Russia (X litres), with a 2.3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at +9.7%.

In value terms, Indonesia ($X) emerged as the key foreign market for vermouth exports from Malaysia, comprising 98% of total exports. The second position in the ranking was held by Russia ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia amounted to +9.8%.

Export Prices by Country

The average vermouth export price stood at $X per litre in 2022, rising by 23% against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked at $X per litre in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per litre), while the average price for exports to Indonesia stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+34.1%).

Vermouth Imports

Imports into Malaysia

Vermouth imports into Malaysia fell to X litres in 2022, waning by -14.4% on 2021 figures. Over the period under review, imports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of 107%. Over the period under review, imports hit record highs at X litres in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vermouth imports contracted notably to $X in 2022. Overall, imports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 64% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X litres), Singapore (X litres) and France (X litres) were the main suppliers of vermouth imports to Malaysia, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +7.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Singapore ($X) and France ($X) were the largest vermouth suppliers to Malaysia, together comprising 87% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +8.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average vermouth import price amounted to $X per litre, waning by -17.6% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 decreased by -45.8% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 109%. As a result, import price reached the peak level of $X per litre. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Singapore ($X per litre) and France ($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 South Korea (+45.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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