Slovakia: Gin And Geneva Market 2024

Gin And Geneva Market Size in Slovakia

In 2022, the Slovak gin and geneva market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, the total consumption indicated a resilient increase 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. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Gin And Geneva Production in Slovakia

In value terms, gin and geneva production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Gin And Geneva Exports

Exports from Slovakia

In 2022, approx. X litres of gin and geneva were exported from Slovakia; shrinking by X% on 2021. Overall, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X litres in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, gin and geneva exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X litres) was the main destination for gin and geneva exports from Slovakia, accounting for a X% share of total exports. Moreover, gin and geneva exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X litres), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Croatia (X% per year).

In value terms, the largest markets for gin and geneva exported from Slovakia were the Czech Republic ($X), Croatia ($X) and Hungary ($X), together comprising X% of total exports.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 gin and geneva export price amounted to $X per litre, increasing by X% against the previous year. Over the period under review, the export price showed a perceptible increase. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per litre in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per litre), while the average price for exports to Hungary ($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 Croatia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Gin And Geneva Imports

Imports into Slovakia

In 2022, approx. X litres of gin and geneva were imported into Slovakia; picking up by X% on 2021 figures. Over the period under review, imports showed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, gin and geneva imports skyrocketed to $X in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

The UK (X litres), Germany (X litres) and Hungary (X litres) were the main suppliers of gin and geneva imports to Slovakia, together comprising X% of total imports. Belgium, France, the Czech Republic and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Hungary ($X) and Germany ($X) were the largest gin and geneva suppliers to Slovakia, with a combined X% share of total imports. Italy, the Czech Republic, Belgium and France lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gin and geneva import price stood at $X per litre in 2022, falling by X% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price 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. Based on 2022 figures, gin and geneva import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per litre in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per litre), while the price for Belgium ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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