Slovakia: Champagne Market 2024

Champagne Market Size in Slovakia

The Slovak champagne market shrank to $X in 2021, which is down by -7.2% 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). Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +72.9% against 2014 indices. Champagne consumption peaked at $X in 2020, and then declined in the following year.

Champagne Exports

Exports from Slovakia

In 2021, exports of champagne from Slovakia dropped rapidly to X kg, shrinking by -60.6% compared with 2020 figures. Over the period under review, exports recorded a mild curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 113% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, champagne exports reduced remarkably to $X in 2021. Overall, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 when exports increased by 1,276%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X kg), Vietnam (X kg) and France (X kg) were the main destinations of champagne exports from Slovakia, together comprising 91% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +159.3%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) emerged as the key foreign market for champagne exports from Slovakia, comprising 43% of total exports. The second position in the ranking was held by France ($X), with a 22% share of total exports. It was followed by Russia, with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+200.9% per year) and Russia (-71.9% per year).

Export Prices by Country

In 2021, the average champagne export price amounted to $X per ton, dropping by -34.6% against the previous year. Over the period under review, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 1,518% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Champagne Imports

Imports into Slovakia

In 2021, champagne imports into Slovakia fell to X tons, dropping by -12.5% compared with 2020 figures. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 26% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, champagne imports declined to $X in 2021. In general, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 27%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of champagne to Slovakia, accounting for a 74% share of total imports. Moreover, champagne imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The Czech Republic (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.7% per year) and the Czech Republic (-0.7% per year).

In value terms, France ($X) constituted the largest supplier of champagne to Slovakia, comprising 86% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 10% share of total imports. It was followed by Germany, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value from France amounted to +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+2.8% per year) and Germany (-2.9% per year).

Import Prices by Country

The average champagne import price stood at $X per ton in 2021, growing by 8.3% against the previous year. Overall, the import price saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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