vermouth exports

Vermouth exports down nearly 5% worldwide

02 April, 2020

In 2018 approximately 259m litres of vermouth were exported worldwide showing a decrease of -4.1% against the previous year, according research conducted by IndexBox estimates.

The most prominent rate of growth, according to IndexBox's report, was recorded in 2017 with an increase of 8.1% year-on-year. In that year, global vermouth exports attained their peak of 270m litres before declined slightly the following year.

In value terms, vermouth exports amounted to $494m in 2018 led by Italy on $205m, comprising 41% of  global exports. Spain ($97m) came in second with a 20% share of global exports followed by France representing an 11% share.

The average vermouth export price stood at $1.9 per litre in 2018, growing by 12% against the previous year. Overall, the vermouth export price continues to indicate a moderate curtailment.

The global export price peaked at $2.1 per litre in 2013 but from 2014-2018, export prices failed to regain their momentum.

From 2013-2018 the most notable rate of growth in terms of prices was attained by the US, while the other global leaders experienced a decline in the export price figures.

Keywords: vermouth




Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

Nick Strangeway

How the industry has changed since travel limits

Nick Strangeway looks at how travel restrictions have left a permanent impression on the global bar trade.

Instagram

Facebook