Slovakia: Champagne Market 2024

Champagne Market Size in Slovakia

The Slovak champagne market surged to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Champagne Production in Slovakia

In value terms, champagne production soared to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt descent. Champagne production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Champagne Exports

Exports from Slovakia

After three years of decline, shipments abroad of champagne increased by X% to X litres in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, champagne exports soared to $X in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X litres) was the main destination for champagne exports from Slovakia, accounting for a X% share of total exports. Moreover, champagne exports to the Czech Republic exceeded the volume sent to the second major destination, Denmark (X litres), fivefold. The third position in this ranking was held by Italy (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Italy (X% per year).

In value terms, the largest markets for champagne exported from Slovakia were Denmark ($X), the Czech Republic ($X) and Italy ($X), with a combined X% share of total exports.

Among the main countries of destination, Italy, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average champagne export price amounted to $X per litre, rising by X% against the previous year. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per litre), while the average price for exports to the Czech Republic ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Champagne Imports

Imports into Slovakia

In 2022, the amount of champagne imported into Slovakia skyrocketed to X litres, surging by X% compared with the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at X litres in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, champagne imports amounted to $X in 2022. Over the period under review, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, France (X litres) constituted the largest supplier of champagne to Slovakia, with a X% share of total imports. Moreover, champagne imports from France exceeded the figures recorded by the second-largest supplier, Germany (X litres), fivefold. The third position in this ranking was held by the Czech Republic (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Czech Republic (X% per year).

In value terms, France ($X) constituted the largest supplier of champagne to Slovakia, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average champagne import price amounted to $X per litre, waning by X% against the previous year. Over the period under review, the import price, however, posted a buoyant expansion. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per litre in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per litre), while the price for Germany ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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