Wine in Slovakia

PRE-COVID-19 PERFORMANCE

Premiumisation trend undermines volume growth as value growth benefits

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.

Domestic players unite to combat impact of falsely labelled imports

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 leads wine in 2019

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.

2020 AND BEYOND

COVID-19 impact

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.

Affected products within wine

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.

Recovery and opportunities

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.

Files are delivered directly into your account within a few minutes of purchase.