Slovakia: Wine Market 2024

Wine Market Size in Slovakia

After two years of growth, the Slovak wine market decreased by X% to $X in 2022. In general, consumption showed a pronounced setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Wine Production in Slovakia

In value terms, wine production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the near future.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Wine Exports

Exports from Slovakia

In 2022, approx. X litres of wine were exported from Slovakia; increasing by X% against 2021. Over the period under review, exports, however, recorded a slight decline. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X litres. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wine exports dropped markedly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X litres) was the main destination for wine exports from Slovakia, with a X% share of total exports. Moreover, wine exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X litres), more than tenfold. The third position in this ranking was held by Austria (X litres), with a X% share.

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 Austria (X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for wine exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average wine export price amounted to $X per litre, reducing by X% against the previous year. Overall, export price indicated a modest expansion 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. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per litre, and then fell sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per litre), while the average price for exports to Romania ($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 the Czech Republic (X%), while the prices for the other major destinations experienced a decline.

Wine Imports

Imports into Slovakia

In 2022, after two years of growth, there was significant decline in purchases abroad of wine, when their volume decreased by X% to X litres. Overall, imports recorded a slight curtailment. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X litres. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, wine imports reduced to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Hungary (X litres) constituted the largest supplier of wine to Slovakia, with a X% share of total imports. Moreover, wine imports from Hungary exceeded the figures recorded by the second-largest supplier, Italy (X litres), fourfold. The Czech Republic (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Czech Republic (X% per year).

In value terms, Italy ($X), Hungary ($X) and the Czech Republic ($X) constituted the largest wine suppliers to Slovakia, with a combined X% share of total imports.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 wine import price stood at $X per litre in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 France ($X per litre), while the price for North Macedonia ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :