The still wine market in Slovakia experienced fluctuations from 2013 to 2023, with a notable decline overall. In 2023, the market stood at 129.45 million Euros. A substantial drop was observed in 2020, with a year-on-year decrease of 17.86%. While 2021 showed a recovery of 12.55%, the market contracted slightly by 1.66% in 2023. Over the last five years, the compound annual growth rate (CAGR) was -2%, indicating an overall decrease in market size.
Future trends to watch for include:
- Potential market recovery with increased consumer interest in premium wines.
- The impact of economic factors on consumer spending could further influence market dynamics.
- Shifts in consumer preferences toward health-conscious and sustainable wine brands may drive new opportunities.
How does Slovakia rank in Still, Wine Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,373,400,000 | 2023 | +3.94% | +2.81% | View data |
| 2 | 2 United Kingdom | 3,427,700,000 | 2023 | -0.35% | +0.53% | View data |
| 3 | 3 Sweden | 890,910,000 | 2023 | +1.37% | +3.38% | View data |
| 4 | 4 Denmark | 753,330,000 | 2023 | +2.88% | +3.36% | View data |
| 5 | 5 Czech Republic | 533,710,000 | 2023 | +3.17% | +2.13% | View data |
| 8 | 8 Greece | 256,900,000 | 2023 | +2.4% | -2.88% | View data |
| 9 | 9 Bulgaria | 166,900,000 | 2023 | +4.8% | -0.12% | View data |
| 10 | 10 Slovakia | 129,450,000 | 2023 | -1.66% | -2% | |
| 11 | 11 Luxembourg | 118,710,000 | 2023 | +2.72% | +1.5% | View data |
