Report Update Nov 1, 2024

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

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Slovakia: Vermouth Market 2024

Vermouth Market Size in Slovakia

The Slovak vermouth market contracted to $X in 2022, waning by -1.9% 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, consumption continues to indicate a deep downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Vermouth Exports

Exports from Slovakia

In 2022, the amount of vermouth exported from Slovakia reduced remarkably to X litres, which is down by -44.9% against the previous year's figure. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 1,321%. Over the period under review, the exports attained the peak figure at X litres in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, vermouth exports contracted remarkably to $X in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 777% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X litres) was the main destination for vermouth exports from Slovakia, accounting for a 100% share of total exports. It was followed by Hungary (X litres), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to +12.4%.

In value terms, the Czech Republic ($X) remains the key foreign market for vermouth exports from Slovakia, comprising 100% of total exports. The second position in the ranking was held by Hungary ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic totaled +14.5%.

Export Prices by Country

In 2022, the average vermouth export price amounted to $X per litre, jumping by 24% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 56% against the previous year. Over the period under review, the average export prices reached the peak figure 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 Hungary ($X per litre), while the average price for exports to the Czech Republic amounted to $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+34.9%), while the prices for the other major destinations experienced mixed trend patterns.

Vermouth Imports

Imports into Slovakia

Vermouth imports into Slovakia reduced to X litres in 2022, with a decrease of -6.8% against the year before. Overall, imports recorded a abrupt slump. The growth pace was the most rapid in 2018 when imports increased by 40% against the previous year. Over the period under review, imports attained the peak figure at X litres in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, vermouth imports dropped modestly to $X in 2022. Over the period under review, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2018 when imports increased by 33%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X litres), Germany (X litres) and Hungary (X litres) were the main suppliers of vermouth imports to Slovakia, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +166.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of vermouth to Slovakia, comprising 69% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by France, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.9% per year) and France (+11.1% per year).

Import Prices by Country

The average vermouth import price stood at $X per litre in 2022, growing by 4.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 28% against the previous year. As a result, import price attained the peak level of $X per litre. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per litre), while the price for Hungary ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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 Slovakia?

In value terms, Italy constituted the largest supplier of vermouth to Slovakia, comprising 52% of total imports. The second position in the ranking was occupied by Germany, with an 18% share of total imports. It was followed by Austria, with an 18% share.

What are the leading importers of vermouth from Slovakia?

In value terms, the Czech Republic remains the key foreign market for vermouth exports from Slovakia, comprising 79% of total exports. The second position in the ranking was occupied by Ukraine, with a 20% share of total exports.

What is the average export price for vermouth in Slovakia?

The average vermouth export price stood at $1.8 per litre in 2021, waning by -33.4% against the previous year.

What is the average import price for vermouth in Slovakia?

The average vermouth import price stood at $2.2 per litre in 2021, picking up by 7.8% against the previous year.

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

Slovakia

Data coverage:

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