Slovenia: Sparkling Wine Market 2024

Sparkling Wine Market Size in Slovenia

The Slovene sparkling wine market surged to $X in 2023, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sparkling Wine Exports

Exports from Slovenia

In 2023, overseas shipments of sparkling wine decreased by X% to X litres for the first time since 2020, thus ending a two-year rising trend. In general, total exports indicated a tangible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X litres in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, sparkling wine exports totaled $X in 2023. Overall, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Croatia (X litres), Serbia (X litres) and the United States (X litres) were the main destinations of sparkling wine exports from Slovenia, with a combined X% share of total exports. China, Italy, Bosnia and Herzegovina, South Korea, Germany, Austria, Moldova, the Netherlands, Montenegro and Slovakia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X) emerged as the key foreign market for sparkling wine exports from Slovenia, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Croatia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average sparkling wine export price amounted to $X per litre, growing by X% against the previous year. In general, the export price recorded strong growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2021 to 2023, the average export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sparkling Wine Imports

Imports into Slovenia

In 2023, overseas purchases of sparkling wine increased by X% to X litres, rising for the third consecutive year after three years of decline. Over the period under review, total imports indicated a moderate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to continue growth in the near future.

In value terms, sparkling wine imports skyrocketed to $X in 2023. In general, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Italy (X litres) constituted the largest sparkling wine supplier to Slovenia, with a X% share of total imports. Moreover, sparkling wine imports from Italy exceeded the figures recorded by the second-largest supplier, France (X litres), twofold. The third position in this ranking was held by Germany (X litres), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

In value terms, the largest sparkling wine suppliers to Slovenia were France ($X), Italy ($X) and Germany ($X), together accounting for X% of total imports. Austria, Spain and Hungary lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, saw 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

In 2023, the average sparkling wine import price amounted to $X per litre, growing by X% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is likely to see steady growth in the immediate term.

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

From 2012 to 2023, 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