Report Update Nov 1, 2024

Southern Asia - Vermouth - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Vermouth Market 2024

Vermouth Market Size in Southern Asia

The South Asian vermouth market declined to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Vermouth Production in Southern Asia

In value terms, vermouth production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Vermouth Exports

Exports in Southern Asia

In 2022, the amount of vermouth exported in Southern Asia soared to X litres, rising by 877% compared with 2021 figures. Over the period under review, exports continue to indicate significant growth. Over the period under review, the exports attained the peak figure at X litres in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, vermouth exports soared to $X in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sri Lanka dominates exports structure, recording X litres, which was approx. 97% of total exports in 2022. India (X litres) followed a long way behind the leaders.

Sri Lanka was also the fastest-growing in terms of the vermouth exports, with a CAGR of +32.2% from 2012 to 2022. At the same time, India (+14.0%) displayed positive paces of growth. While the share of Sri Lanka (+40 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-4.2 p.p.) displayed negative dynamics.

In value terms, Sri Lanka ($X) emerged as the largest vermouth supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was held by India ($X), with a 2% share of total exports.

In Sri Lanka, vermouth exports increased at an average annual rate of +31.1% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per litre in 2022, waning by -56.6% against the previous year. Over the period under review, the export price, however, recorded a measured expansion. The growth pace was the most rapid in 2017 an increase of 83%. The level of export peaked at $X per litre in 2021, and then reduced notably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per litre), while India stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.6%).

Vermouth Imports

Imports in Southern Asia

In 2022, imports of vermouth in Southern Asia soared to X litres, increasing by 61% on 2021. Overall, imports recorded a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 111%. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, vermouth imports surged to $X in 2022. In general, imports saw a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 122% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; afterwards, it flattened through to 2022.

Imports by Country

Sri Lanka (X litres) and India (X litres) represented the largest importers of vermouth in 2022, recording near 42% and 38% of total imports, respectively. It was distantly followed by Maldives (X litres), comprising an 18% share of total imports. Nepal (X litres) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Maldives (with a CAGR of +28.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vermouth importing markets in Southern Asia were Sri Lanka ($X), India ($X) and Maldives ($X), together comprising 97% of total imports.

Maldives, with a CAGR of +28.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per litre in 2022, dropping by -4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2016 an increase of 16%. The level of import peaked at $X per litre in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Maldives ($X per litre), while India ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vermouth in Southern Asia?

The country with the largest volume of vermouth consumption was India, comprising approx. 75% of total volume. Moreover, vermouth consumption in India exceeded the figures recorded by the second-largest consumer, Bangladesh, threefold.

What are the largest producers of vermouth in Southern Asia?

India remains the largest vermouth producing country in Southern Asia, accounting for 75% of total volume. Moreover, vermouth production in India exceeded the figures recorded by the second-largest producer, Bangladesh, threefold.

What are the leading exporters of vermouth in Southern Asia?

In value terms, India emerged as the largest vermouth supplier in Southern Asia, comprising 88% of total exports. The second position in the ranking was occupied by Sri Lanka, with a 12% share of total exports.

What are the leading importers of vermouth in Southern Asia?

In value terms, Sri Lanka, India and Maldives appeared to be the countries with the highest levels of imports in 2021, with a combined 93% share of total imports.

What is the average export price for vermouth in Southern Asia?

In 2021, the export price in Southern Asia amounted to $13 per litre, growing by 239% against the previous year.

What is the average import price for vermouth in Southern Asia?

The import price in Southern Asia stood at $3.6 per litre in 2021, with a decrease of -23.1% against the previous year.

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

Afghanistan
Bangladesh
Bhutan
India
Maldives
Nepal
Pakistan
Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Southern Asia, split by region and country
Trade (exports and imports) in Southern Asia
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023