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Argentina - Vermouth - Market Analysis, Forecast, Size, Trends and Insights
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View PricingArgentina: Vermouth Market 2024
Vermouth Market Size in Argentina
The Argentinian vermouth market dropped remarkably to $X in 2023, falling by X% against the previous year. In general, consumption saw a slight increase. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.
Vermouth Production in Argentina
In value terms, vermouth production fell remarkably to $X in 2023 estimated in export price. In general, production showed modest growth. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then shrank dramatically in the following year.
Vermouth Exports
Exports from Argentina
In 2023, after three years of growth, there was significant decline in shipments abroad of vermouth, when their volume decreased by X% to X litres. Overall, exports, however, continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of X litres, and then reduced sharply in the following year.
In value terms, vermouth exports dropped remarkably to $X in 2023. Over the period under review, exports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.
Exports by Country
Uruguay (X litres) was the main destination for vermouth exports from Argentina, accounting for a X% share of total exports. Moreover, vermouth exports to Uruguay exceeded the volume sent to the second major destination, the United States (X litres), threefold. Paraguay (X litres) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to Uruguay totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Paraguay (X% per year).
In value terms, Uruguay ($X), the United States ($X) and Chile ($X) constituted the largest markets for vermouth exported from Argentina worldwide, with a combined X% share of total exports.
In terms of the main countries of destination, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the average vermouth export price amounted to $X per litre, reducing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild increase. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. As a result, the export price reached the peak level of $X per litre, and then fell markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Uruguay ($X per litre) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.
Vermouth Imports
Imports into Argentina
In 2023, supplies from abroad of vermouth decreased by X% to X litres for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at X litres in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.
In value terms, vermouth imports declined notably to $X in 2023. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.
Imports by Country
In 2023, Spain (X litres) constituted the largest vermouth supplier to Argentina, accounting for a X% share of total imports. Moreover, vermouth imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X litres), twofold.
From 2013 to 2023, the average annual growth rate of volume from Spain totaled X%.
In value terms, the largest vermouth suppliers to Argentina were Spain ($X) and Italy ($X).
Among the main suppliers, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.
Import Prices by Country
In 2023, the average vermouth import price amounted to $X per litre, surging by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per litre in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per litre), while the price for Spain totaled $X per litre.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%).
Source: IndexBox Platform
This report provides an in-depth analysis of the vermouth market in Argentina. 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:
- Argentina
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Argentina
- 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
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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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