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Learn moreSep 2020
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Wine was the second-largest category in terms of total volume sales in 2019 and saw only marginal growth during the year as it declined in off-trade channels while on-trade sales rose only slightly. However, in terms of current value sales, wine enjoyed robust both off- and on-trade, doing especially well in the latter channels.
Wine was negatively affected by a very weak harvest in 2019, and growers who took a risky approach and delayed harvesting their crops until October fared slightly better than others. Nonetheless, some damage was inescapable.
Hubert JE led wine in Slovakia in 2019. The company is primarily active in sparkling wine, with some presence in vermouth and still light grape wine.
On-trade volume sales of wine will fall by 28% in 2020 in light of the impact of COVID-19. This compares to an expected 1% rise forecast for 2020 during research conducted in May 2019, before the spread of COVID-19.
Total volume sales in wine are plummeting in 2020, with the decline led by champagne and vermouth, though both are falling from tiny bases. Also small is sherry, which, in contrast, is the slowest-falling product area in wine, followed by far more popular other sparkling wine.
Total volume growth in wine is predicted to pick up slightly during the latter half of 2020 and continue to rise very slowly throughout the forecast period, registering a marginally negative CAGR. Other sparkling line is expected to lead overall total volume sales and off-trade volume sales in terms of growth, though will not start to rise until late 2021 and will fail to reach levels it enjoyed in the review period.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Wine industry in Slovakia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Wine industry in Slovakia, our research will save you time and money while empowering you to make informed, profitable decisions.
The Wine in Slovakia market research report includes:
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Why buy this report?
This industry report originates from Passport, our Alcoholic Drinks market research database.
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.