China - Vermouth - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVermouth Price in China - 2023
Contents:
- Vermouth Price in China (CIF) - 2023
- Vermouth Price in China (FOB) - 2022
- Vermouth Imports in China
- Vermouth Exports in China
Vermouth Price in China (CIF) - 2023
The average vermouth import price stood at $3.9 per litre in September 2023, dropping by -13.2% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 61% month-to-month. The import price peaked at $4.7 per litre in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($10.2 per litre), while the price for Germany ($907 per thousand litres) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Vermouth Price in China (FOB) - 2022
In 2022, the average vermouth export price amounted to $2.4 per litre, dropping by -8.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 18% against the previous year. The export price peaked at $2.7 per litre in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($2.5 per litre), while the average price for exports to the United States ($1.8 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 Myanmar (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.
Vermouth Imports in China
Vermouth imports into China reduced remarkably to 1.4M litres in 2022, waning by -42.7% compared with 2021. In general, imports showed a precipitous decline. The smallest decline of -7.5% was in 2020. Over the period under review, imports attained the maximum at 3M litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, vermouth imports dropped sharply to $3.9M in 2022. Over the period under review, imports faced a precipitous decrease. The smallest decline of -2% was in 2021. Imports peaked at $8.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Vermouth in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,303 | 1,352 | 1,819 | 1,303 | 0.0% |
| Italy | 2,512 | 2,341 | 2,106 | 1,164 | -22.6% |
| Germany | 2,056 | 1,000 | 733 | 586 | -34.2% |
| France | 1,732 | 1,847 | 1,918 | 520 | -33.0% |
| Chile | 33.3 | 18.3 | 120 | 124 | 55.0% |
| Russia | N/A | N/A | 6.2 | 35.6 | 474.2% |
| United States | 92.7 | 261 | 53.5 | 0.1 | -89.7% |
| Australia | 249 | 218 | 114 | N/A | -32.3% |
| Others | 324 | 168 | 186 | 135 | -25.3% |
| Total | 8,302 | 7,204 | 7,056 | 3,868 | -22.5% |
Top Suppliers of Vermouth to China in 2022:
- Spain (541.3K litres)
- Germany (357.2K litres)
- Italy (337.8K litres)
- France (94.1K litres)
- Chile (51.5K litres)
- Russia (25.0K litres)
- United States (0.1K litres)
Vermouth Exports in China
In 2022, exports of vermouth from China surged to 225K litres, picking up by 45% on the previous year's figure. In general, exports, however, continue to indicate a abrupt slump. The exports peaked at 380K litres in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, vermouth exports skyrocketed to $535K in 2022. Overall, exports, however, showed a abrupt slump. The exports peaked at $939K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Vermouth in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | 515 | 289 | 313 | -22.0% |
| Japan | 479 | 60.1 | 28.1 | 100 | -40.7% |
| United States | N/A | 32.7 | N/A | 9.8 | -45.3% |
| Hong Kong SAR | 194 | N/A | N/A | N/A | 0% |
| Others | 65.3 | 330 | 85.0 | 112 | 19.7% |
| Total | 739 | 939 | 402 | 535 | -10.2% |
Top Export Markets for Vermouth from China in 2022:
- Myanmar (124.5K litres)
- Japan (46.1K litres)
- United States (5.6K litres)
This report provides an in-depth analysis of the vermouth market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the vermouth market in China.
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The growth of Vermouth imports failed to regain momentum from November 2022 to September 2023. In terms of value, Vermouth imports significantly shrank to $133K in September 2023.
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In August 2022, the wine price stood at $4.6 per litre (CIF, China), rising by 7.3% against the previous month.
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