Netherlands: Vermouth Market 2024

Vermouth Market Size in the Netherlands

The Dutch vermouth market shrank to $X in 2022, waning by -13.6% against the previous year. Overall, consumption saw a mild decrease. Over the period under review, the market reached the peak level at $X in 2021, and then fell in the following year.

Vermouth Production in the Netherlands

In value terms, vermouth production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 167% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Vermouth Exports

Exports from the Netherlands

In 2022, overseas shipments of vermouth increased by 87% to X litres, rising for the third year in a row after four years of decline. Overall, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vermouth exports surged to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 67%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X litres), Belgium (X litres) and Germany (X litres) were the main destinations of vermouth exports from the Netherlands, together comprising 66% of total exports. The UK, the United States, Poland, Italy, France, Spain, Greece and Latvia lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +121.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vermouth exported from the Netherlands were Belgium ($X), Ireland ($X) and Germany ($X), together comprising 55% of total exports. The UK, Poland, the United States, Italy, France, Spain, Greece and Latvia lagged somewhat behind, together comprising a further 22%.

Among the main countries of destination, Italy, with a CAGR of +120.2%, saw the highest growth rate of 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, declining by -25.1% against the previous year. In general, the export price recorded a slight decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 26%. The export price peaked at $X per litre in 2018; however, from 2019 to 2022, the 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 Italy ($X per litre), while the average price for exports to Ireland ($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 Belgium (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vermouth Imports

Imports into the Netherlands

After two years of growth, supplies from abroad of vermouth decreased by -7% to X litres in 2022. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 92% against the previous year. Imports peaked at X litres in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, vermouth imports reduced modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X litres), Germany (X litres) and Italy (X litres) were the main suppliers of vermouth imports to the Netherlands, with a combined 88% share of total imports. Spain, France and Austria lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +74.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of vermouth to the Netherlands, comprising 59% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by Italy, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at +35.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.5% per year) and Italy (-19.2% per year).

Import Prices by Country

The average vermouth import price stood at $X per litre in 2022, with an increase of 6.4% against the previous year. Overall, the import price, however, saw a deep contraction. The growth pace was the most rapid in 2019 an increase of 26% against the previous year. Over the period under review, average import prices hit record highs at $X per litre in 2012; however, from 2013 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 Belgium ($X per litre), while the price for Germany ($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 (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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