The market for spirits in Slovakia is expected to see a stronger performance over the forecast period, as inflationary pressures begin to ease and households regain their purchasing power. However, a further increase in the excise tax on spirits, which is due come into effect in early 2024, will serve to hinder demand in both the off-trade and on-trade channels.
With spirits being subject to further excise tax hikes, a growing number of Slovakians are likely to turn to domestic distilling. Consumers are permitted to produce up to 25 litres of home-made spirits (containing up to 86 per cent ethyl alcohol) on a yearly basis, as long as they use homegrown fruit and register with the authorities.
Non-alcoholic spirits will continue to gain popularity over the forecast period. This trend will be driven by rising levels of health conscious and a zero-tolerance approach to drink-driving.
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Understand the latest market trends and future growth opportunities for the Spirits industry in Slovakia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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Spirits
This is the aggregation of whisk(e)y, brandy and Cognac, white spirits, rum, tequila, liqueurs and other spirits.
See All of Our DefinitionsThis report originates from Passport, our Spirits research and analysis database.
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