South-Eastern Asia: Vermouth Market 2024

Vermouth Market Size in South-Eastern Asia

The Southeast Asian vermouth market reached $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Vermouth Production in South-Eastern Asia

In value terms, vermouth production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Vermouth Exports

Exports in South-Eastern Asia

Vermouth exports soared to X litres in 2022, with an increase of X% against 2021 figures. Over the period under review, exports posted a moderate increase. 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. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore was the key exporting country with an export of about X litres, which reached X% of total exports. Vietnam (X litres) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%).

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Singapore ($X) remains the largest vermouth supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Singapore totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per litre, surging by X% against the previous year. In general, the export price, however, recorded a perceptible shrinkage. The level of export peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per litre), while Thailand ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Vermouth Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of vermouth were finally on the rise to reach X litres after four years of decline. Over the period under review, imports posted a strong expansion. Over the period under review, imports hit record highs at X litres in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, vermouth imports skyrocketed to $X in 2022. In general, imports showed a buoyant expansion. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Thailand represented the main importing country with an import of around X litres, which accounted for X% of total imports. Singapore (X litres) took the second position in the ranking, followed by Myanmar (X litres) and the Philippines (X litres). All these countries together took near X% share of total imports. Cambodia (X litres) and Indonesia (X litres) took a minor share of total imports.

Thailand was also the fastest-growing in terms of the vermouth imports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%) and the Philippines (X%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Myanmar (X%) and Cambodia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Singapore ($X) and Myanmar ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

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

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per litre, which is down by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per litre in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per litre), while Cambodia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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