Key Market Indicators
**Slovak Wine Revenue Projected to Surge by 2028** Slovakia's wine industry is expected to see its revenue climb to €125 million by 2028, up from €120 million in 2023. This represents an average annual growth rate of 0.6%. Since 2013, the Slovak wine market has experienced a steady increase of 1.5% year on year. In 2023, Slovakia ranked 12th in terms of wine revenue, with Croatia surpassing it at an equal €120 million. Italy, Spain, and Germany held the top three positions, respectively. **Decline in Slovak Wine Production** Wine production in Slovakia is projected to decrease to 25,000 metric tons by 2028, down from nearly 28,000 metric tons in 2023. This translates to a compound annual growth rate (CAGR) decline of 1.5%. Since 1998, Slovakia has seen its wine supply fall by 1.4% annually. As of 2023, Slovakia was ranked 35th in wine production, with Tunisia overtaking it at nearly 28,000 metric tons. France, Spain, and the United States occupied the second, third, and fourth spots, respectively. **Stable Wine Consumption in Slovakia** Wine consumption in Slovakia remained stable at 33,000 metric tons in both 2017 and 2018. This steady consumption rate highlights a consistent demand for wine within the country.
