Slovakia: Gin And Geneva Market 2024

Gin And Geneva Market Size in Slovakia

In 2022, the Slovak gin and geneva market increased by 10% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Gin and geneva consumption peaked in 2022 and is expected to retain growth in the near future.

Gin And Geneva Production in Slovakia

In value terms, gin and geneva production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a modest increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 8.6% against the previous year. Gin and geneva production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Gin And Geneva Exports

Exports from Slovakia

In 2022, the amount of gin and geneva exported from Slovakia shrank to X litres, falling by -14.9% compared with 2021. Over the period under review, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 142% against the previous year. The exports peaked at X litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, gin and geneva exports reduced to $X in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 103% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X litres) was the main destination for gin and geneva exports from Slovakia, with a 53% 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 +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+36.1% per year) and Croatia (+1.4% 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), with a combined 75% share of total exports.

Among the main countries of destination, Hungary, with a CAGR of +37.9%, 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

The average gin and geneva export price stood at $X per litre in 2022, rising by 9.3% against the previous year. Overall, the export price continues to indicate a moderate increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 96% against the previous year. Over the period under review, the average export prices hit record highs at $X per litre in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external 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 (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Gin And Geneva Imports

Imports into Slovakia

For the fourth year in a row, Slovakia recorded growth in supplies from abroad of gin and geneva, which increased by 20% to X litres in 2022. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 41%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, gin and geneva imports skyrocketed to $X in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 42% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The UK (X litres), Hungary (X litres) and Belgium (X litres) were the main suppliers of gin and geneva imports to Slovakia, with a combined 79% share of total imports. These countries were followed by Germany, the Czech Republic and Spain, which together accounted for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +74.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to Slovakia, comprising 49% of total imports. The second position in the ranking was taken by Hungary ($X), with a 19% share of total imports. It was followed by Belgium, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from the UK stood at +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+22.6% per year) and Belgium (+20.1% per year).

Import Prices by Country

The average gin and geneva import price stood at $X per litre in 2022, shrinking by -1.9% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% 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 -9.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 48%. Over the period under review, average import prices reached the maximum 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 Spain ($X per litre), while the price for Belgium ($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 (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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