Slovakia: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Slovakia

In 2022, the Slovak spirits and liqueurs market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, the total consumption indicated a strong 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 attained the peak level and is likely to continue growth in the immediate term.

Spirits And Liqueurs Production in Slovakia

In value terms, spirits and liqueurs 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; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Spirits And Liqueurs Exports

Exports from Slovakia

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were exported from Slovakia; with a decrease of X% against the previous year. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, spirits and liqueurs exports expanded remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X litres) was the main destination for spirits and liqueurs exports from Slovakia, accounting for a X% share of total exports. Moreover, spirits and liqueurs exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X litres), sixfold. The third position in this ranking was taken by Hungary (X litres), with a X% share.

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

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

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

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, jumping by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per litre in 2012; afterwards, it flattened through to 2022.

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 Ukraine ($X per litre), while the average price for exports to the Czech Republic ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Slovakia

In 2022, purchases abroad of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the second year in a row after three years of decline. In general, total imports indicated a strong expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, spirits and liqueurs imports soared to $X in 2022. Over the period under review, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the Czech Republic (X litres) constituted the largest spirits and liqueurs supplier to Slovakia, accounting for a X% share of total imports. Moreover, spirits and liqueurs imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X litres), threefold. The third position in this ranking was held by Hungary (X litres), with an X% share.

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

In value terms, the Czech Republic ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Slovakia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

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

Import Prices by Country

In 2022, the average spirits and liqueurs import price amounted to $X per litre, which is down by X% against the previous year. In general, the import price, however, saw a mild increase. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per litre in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 ($X per litre), while the price for Finland ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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