PROSPECTS AND OPPORTUNITIES
Buoyant outlook for the wine category
Wine volume sales are expected to decline in 2025, before commencing a period of healthy growth. Thrifty consumer behaviour, amid rising average unit prices and higher VAT (climbing to 23% in 2025), will likely suppress wine consumption in the short-term.
Sparkling wine set to gain appeal in the upcoming period
Sparkling wine is expected to gain further popularity over the forecast period and outperform most alcoholic drinks categories. The developing premiumisation trend, and wider distribution such as prosecco sold on tap, as well as the growing variety of non-alcoholic variants, will support growth.
Fruit wine offers solid growth potential
Fruit wine will benefit from new product development, exotic flavours and good product availability in the upcoming years. Products like mango wine and a variety of imported fruit wines, will gain traction with sweet and semi-sweet wine options gaining popularity.
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Overview:
Understand the latest market trends and future growth opportunities for the Wine industry in Slovakia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Wine industry in Slovakia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty
The Wine in Slovakia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Wine in Slovakia?
- Where is consumer demand for Wine focussed?
- Which is being consumed more; beer, wine or spirits?
- Where is demand growing? Stagnating?
- How is the operating environment for alcoholic drinks changing?
- Which are the leading brands in Slovakia?
- How are products distributed in Slovakia?
- What are the key trends in new product development?
- Do consumers want value for money or added value?
- How will macroeconomic context and shifting cultural values shape future growth?
- How will COVID-19 and recession impact the alcoholic drinks industry?
- Where is future growth expected to be most dynamic?
Wine in Slovakia - Category analysis
KEY DATA FINDINGS
Wine consumption stagnates amid rising prices and lower demand
Wine competitive landscape is relatively concentrated
Hypermarkets enjoy solid growth
Buoyant outlook for the wine category
Sparkling wine set to gain appeal in the upcoming period
Fruit wine offers solid growth potential
Alcoholic Drinks in Slovakia - Industry Overview
Alcoholic drinks in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
On-trade vs off-trade split
What next for alcoholic drinks?
Legislation
Legal purchasing age and legal drinking age
Drink driving
Advertising
Smoking ban
Opening hours
On-trade establishments
TAXATION AND DUTY LEVIES
Contraband/parallel trade
Duty free
Cross-border/private imports
Outlook
DISCLAIMER
The following categories and subcategories are included:
Wine
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- Port
- Sherry
- Vermouth
- Other Fortified Wine
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- Apple Wine
- Bokbunjaju
- Cheongju
- Chinese Wine
- Economy Rice Wine
- Fortified Fruit Wine
- Fruit and Berry Wine
- Fruit and Herbal Wine
- Fruit and Honey based Wine
- Fruit Wine
- Lower Mid-Range Rice Wine
- Non-Grape Dessert Wine
- Premium Rice Wine
- Sake
- Takju
- Upper Mid-Range Rice Wine
- Yakju
- Yellow Wine
- Other Non-Grape Wine
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- Champagne
- Other Sparkling Wine
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- Still Red Wine
- Still Rosé Wine
- Still White Wine
- Non Alcoholic Wine
Wine
This is the aggregation of still and sparkling light grape wines, fortified wine and vermouth and non-grape wine. In terms of alcohol content, light wine usually falls into the 8-14% ABV bracket while fortified wine ranges from 14-23% ABV. Low and non-alcoholic wine is also included in the data (attributed to each sector as appropriate).
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders.
- Track key industry trends, opportunities and threats.
- Inform your marketing, brand, strategy and market development, sales and supply functions.
This report originates from Passport, our Wine research and analysis database.
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