Market research

Vermouth and other flavoured wine market in South Korea

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The South Korean vermouth and other flavoured wine market showed steady growth from 2018 to 2021, increasing from 3.1 million L to 5.1 million L. This rise was linked to the spread of home-drinking and solo-drinking culture, which boosted demand for affordable wines, as well as the active expansion of small and medium importer infrastructure, improving product availability. An additional factor was the trend towards premiumization and growing health awareness among consumers.

From 2022 onwards, the market entered a decline phase, dropping to 3.2 million L in 2023 and continuing to fall in 2024. The main reasons were macroeconomic difficulties, including reduced wine production in key producing countries, high inflation, rising exchange rates, and general economic uncertainty, leading to decreased imports and an overall drop in consumption. The situation was exacerbated by high inventories and price wars in the market.

During the downturn, new trends emerged, such as the launch of collaborative products with art directors to attract the MZ generation, as well as growing interest in natural, organic, and light wines, reflecting shifting consumer preferences towards health and sustainability.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in South Korea
  1. 5.1.1. Annual dynamics of production in South Korea in kind, 2018-2023, K l
  2. 5.1.2. Annual dynamics of production in South Korea in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K l
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K l
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K l
    1. 6.1.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, K l
    2. 6.1.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, K l
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/K l
    1. 6.1.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/K l
    2. 6.1.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/K l
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K l
    1. 6.2.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, K l
    2. 6.2.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, K l
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/K l
    1. 6.2.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/K l
    2. 6.2.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/K l
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K l
    1. 7.1.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, K l
    2. 7.1.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, K l
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/K l
    1. 7.1.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/K l
    2. 7.1.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/K l
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K l
    1. 7.2.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, K l
    2. 7.2.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, K l
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/K l
    1. 7.2.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/K l
    2. 7.2.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/K l
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K l
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K l
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production vermouth and other flavoured wine in South Korea

In kind, 2017-2020, K l

From 2017 to 2020, South Korea maintained the 17th position globally in terms of vermouth and other flavoured wine production volume.

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

Source: SHEV.io

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

Source: SHEV.io

South Korea's production of vermouth and other flavoured wine grew for the third consecutive year. In 2020, the country produced 2 473 K l, marking a 24.6% year-on-year increase. Between 2017 and 2020, production rose by 50%, which translates to an annualized growth rate of 14.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.4%	16.4%	24.6%	14.5%

Source: SHEV.io

Exports vermouth and other flavoured wine from South Korea

Exports in kind, K l

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, the export structure in kind was highly concentrated, with Cambodia and Singapore together accounting for 100.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Between 2017 and 2020, Singapore and Cambodia formed the core of South Korea's vermouth and other flavoured wine exports in value terms, jointly representing 100.0% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports vermouth and other flavoured wine to South Korea

Imports in kind, K l

South Korea's imports of vermouth and other flavoured wine increased for the third consecutive year. In 2020, the country imported 1 655 K l, reflecting an 11.3% rise compared to the previous year. Over the 2017-2020 period, imports grew by 19.3%, with a compound annual growth rate (CAGR) of 6.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.1%	3.0%	11.3%	6.1%

Source: SHEV.io

From 2017 to 2020, two leading markets—Spain and the United States—together accounted for 82.4% of total imports in kind, while the remaining volume was distributed across a wide range of other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

South Korea's imports of vermouth and other flavoured wine in value terms rose for the third consecutive year. In 2020, imports reached 3 583 K $ US, which is 15.0% higher than in 2019. Over the 2017-2020 period, imports increased by 35.2%, with a compound annual growth rate (CAGR) of 10.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.6%	5.3%	15.0%	10.6%

Source: SHEV.io

Between 2017 and 2020, the primary suppliers of vermouth and other flavoured wine to South Korea in value terms were Spain (48.1% of imports), the United States (30.4% of imports), and Italy (13.3% of imports). Together, these three countries accounted for 91.8% of total imports in value terms.

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

Source: SHEV.io

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

Source: SHEV.io