Report Update Nov 1, 2024

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

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Portugal: Vermouth Market 2024

Vermouth Market Size in Portugal

The Portuguese vermouth market expanded rapidly to $X in 2022, with an increase of 6.1% against the previous year. Overall, consumption, however, saw a slight decline. Vermouth consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Vermouth Production in Portugal

In value terms, vermouth production skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed significant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Vermouth Exports

Exports from Portugal

In 2022, overseas shipments of vermouth decreased by -18.8% to X litres for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 106%. The exports peaked at X litres in 2021, and then fell dramatically in the following year.

In value terms, vermouth exports contracted rapidly to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 37%. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

Italy (X litres) was the main destination for vermouth exports from Portugal, with a 31% share of total exports. Moreover, vermouth exports to Italy exceeded the volume sent to the second major destination, Spain (X litres), threefold. The third position in this ranking was taken by France (X litres), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled +195.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+3.4% per year) and France (+20.7% per year).

In value terms, Spain ($X), Italy ($X) and Angola ($X) were the largest markets for vermouth exported from Portugal worldwide, with a combined 54% share of total exports.

Italy, with a CAGR of +195.9%, recorded the highest growth rate of the value of exports, in terms of 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, reducing by -10.8% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2017 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices hit record highs at $X per litre in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per litre), while the average price for exports to Cabo Verde ($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 the United States (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Vermouth Imports

Imports into Portugal

In 2022, vermouth imports into Portugal expanded markedly to X litres, picking up by 5.1% on 2021 figures. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 25%. Over the period under review, imports reached the peak figure at X litres in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, vermouth imports declined to $X in 2022. Overall, imports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X litres) and Italy (X litres) were the main suppliers of vermouth imports to Portugal.

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 +6.8%).

In value terms, Italy ($X) constituted the largest supplier of vermouth to Portugal, comprising 77% of total imports. The second position in the ranking was held by Spain ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +4.5%.

Import Prices by Country

The average vermouth import price stood at $X per litre in 2022, reducing by -17.7% against the previous year. Over the period under review, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of 14%. The import price peaked at $X per litre in 2012; however, from 2013 to 2022, import prices remained at a 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 Italy ($X per litre), while the price for Spain amounted to $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-2.1%).

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, with a combined 48% share of global consumption.

What are the largest producers of vermouth in the world?

The country with the largest volume of vermouth production was China, comprising approx. 26% of total volume. Moreover, vermouth production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with a 9.5% share.

What are the leading suppliers of vermouth to Portugal?

In value terms, Italy constituted the largest supplier of vermouth to Portugal, comprising 81% of total imports. The second position in the ranking was occupied by Spain, with an 18% share of total imports.

What are the leading importers of vermouth from Portugal?

In value terms, Spain emerged as the key foreign market for vermouth exports from Portugal, comprising 45% of total exports. The second position in the ranking was occupied by Italy, with an 18% share of total exports. It was followed by France, with an 8.2% share.

What is the average export price for vermouth in Portugal?

The average vermouth export price stood at $3 per litre in 2021, rising by 7% against the previous year.

What is the average import price for vermouth in Portugal?

In 2021, the average vermouth import price amounted to $2.2 per litre, surging by 13% against the previous year.

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

Portugal

Data coverage:

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