Key Market Indicators
Slovak Spirits Sales are projected to hit approximately €99 million by 2028, up from around €92 million in 2023. This marks an average annual growth rate of 1.3%. However, the Slovak market has seen a decline of 1.4% annually since 2013. In 2023, Slovakia ranked 15th in the global market, with Portugal surpassing it at the same sales figure of €92 million. Leading the rankings were France, Poland, and Italy at the second, third, and fourth positions, respectively. In terms of production, Slovak Spirits are expected to reach nearly €86 million by 2028, increasing from roughly €81 million in 2023. The average yearly growth rate stands at 1.1%. Despite this growth, the Slovak supply has decreased by 1.7% per annum since 2013. In 2023, Slovakia ranked 17th in production, with Lithuania slightly ahead at €81 million. France, Italy, and Poland occupied the second, third, and fourth spots in the production rankings. Spirits consumption in Slovakia is forecasted to reach about €224 million by 2028, up from approximately €198 million in 2023, growing at an average annual rate of 2%. Demand has risen by 3.2% year on year. Italy, Spain, and Germany held the second, third, and fourth positions in the consumption rankings, respectively.
