Vermouth and other flavoured wine market in China

Earlier Report Observations

The Chinese market for vermouth and other flavoured wine experienced a substantial contraction in volume from 2018 to 2023, declining from 83.6 million liters to 61.4 million liters. This overall downward trend was interrupted by a temporary rebound in 2022, which followed two consecutive years of contraction. The market's value mirrored this decline, falling from $210.1 million to $133.5 million over the same period, indicating a reduction in both volume and overall economic scale.

Domestic production, the primary component of market supply, fell from 82.0 million liters to 61.0 million liters. Simultaneously, import volumes dwindled from nearly 2.0 million liters to just 605 thousand liters, further reducing total available supply. This synchronized drop in both local output and inbound shipments defined the market's shrinking footprint throughout the period.

The market's most pronounced volume drop occurred in 2023, erasing the gains made the previous year and returning to a level lower than that seen in 2021. This volatility highlights the segment's sensitivity to underlying demand and supply conditions, with the final year of the period showing the lowest volume and value recorded.

Production vermouth and other flavoured wine in China

In kind, 2017-2020, K l

From 2017 to 2020, China maintained the third position globally in terms of vermouth and other flavoured wine production volume.

Top producers of vermouth and other flavoured wine, 2017-2020

World map of production of vermouth and other flavoured wine, 2017-2020

Following two years of growth, China's production of vermouth and other flavoured wine declined. In 2020, output reached 74 833 K l, reflecting a moderate decrease of 9.0% compared to 2019. Over the 2017-2020 period, production fell by 8%, with a compound annual growth rate of 2.8%. The peak was recorded in 2019 at 82 218 K l, while the largest increase occurred in 2018 at 0.7%.

Annual dynamics of production in China in kind, 2017-2020, K l

In value, 2017-2020, M $ US

China's production of vermouth and other flavoured wine declined for the second consecutive year. In 2020, the output was valued at 184.7 M $ US, showing a moderate decrease of 8.2% from 2019. The highest value was recorded in 2018 at 204.8 M $ US, with the largest increase also in 2018 at 9.0%.

Annual dynamics of production in China in value, 2017-2020, M $ US

Exports vermouth and other flavoured wine from China

Exports in kind, K l

In 2020, China's exports of vermouth and other flavoured wine stood at 380 K l, up by 26.0% from the previous year. Between 2017 and 2020, exports grew by 36.3%, equating to an annualized rate of 10.9%. The largest decline was in 2019 at 16.2%, while the largest increase occurred in 2018 at 29.2%.

Annual dynamics of product's exports from China in kind, 2017-2020, K l

From 2017 to 2020, Myanmar and Hong Kong were the dominant destinations for China's exports of vermouth and other flavoured wine in volume terms, jointly accounting for 82.3% of total flows, with the remainder distributed among smaller markets.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from China in kind, 2017-2020

Exports in value, K $ US

In 2020, the value of vermouth and other flavoured wine exports from China amounted to 939 K $ US, showing a year-on-year gain of 27.1%. Between 2017 and 2020, exports increased by 45.8%, with an annualized rate of 13.4%. The largest decline was in 2019 at 18.0%, and the largest increase was in 2018 at 39.9%.

Annual dynamics of product's exports from China in value, 2017-2020, K $ US

During 2017–2020, the country structure of exports in value terms was heavily concentrated on Myanmar, which accounted for 70.8% of total flows, with other partners making up the rest.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from China in value, 2017-2020

Imports vermouth and other flavoured wine to China

Imports in kind, K l

After two years of growth, China's imports of vermouth and other flavoured wine declined. In 2020, imports totalled 2 798 K l, which is 8.2% less than in 2019. Over the 2017-2020 period, imports increased by 136.6%, with a compound annual growth rate of 33.3%. The maximum volume was recorded in 2019 at 3 049 K l, and the largest increase was in 2018 at 68.6%.

Annual dynamics of product's imports to China in kind, 2017-2020, K l

From 2017 to 2020, Italy (28.1% of imports in volume), Germany (21.9%), and France (20.1%) formed the main cluster of markets for China's imports of vermouth and other flavoured wine, with a combined share of 70.2% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to China in kind, 2017-2020

Imports in value, K $ US

The market exhibited volatility over the observed period. Imports reached their lowest point in 2017 and peaked in 2019, with a 2.6-fold difference between these years. In 2020, the value of vermouth and other flavoured wine imports into China totalled 7 204 K $ US, marking a decline of 13.2% from the previous year. The maximum value was recorded in 2019 at 8 302 K $ US, and the largest increase was in 2018 at 92.1%.

Annual dynamics of product's imports to China in value, 2017-2020, K $ US

Over 2017–2020, Italy (31.2% of imports in value terms), France (24.2%), and Germany (21.0%) remained the leading destinations in the country structure of imports, with a combined share of 76.4% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to China in value, 2017-2020