Gin and geneva market in Slovakia

Earlier Report Observations

The volume of gin and geneva consumed in Slovakia varied significantly from 2018 to 2024. After a modest decline to 7.5 million liters in 2019, the market grew for three consecutive years, surpassing 10 million liters in 2022. This upward trend reversed in 2023 with a sharp contraction to 8.4 million liters, followed by a further decrease to 7.9 million liters in 2024.

Market value exhibited a similar pattern but with notable differences. In 2023, value remained nearly unchanged at $25.3 million despite an 18% drop in volume, signaling a shift toward higher-priced offerings. The decline in 2024 coincided with a 5.5% drop in gin consumption across Europe. During this period, consumer preferences increasingly favored premium, craft, and flavored gins, which helped moderate the decrease in market value, which fell to $24.0 million.

Production gin and geneva in Slovakia

In value, 2017-2020, K $ US

In 2018, the output value of gin and geneva in Slovakia reached its peak at 14 164 K $ US. This was followed by a decline to 13 291 K $ US in 2019, representing a decrease of 6.2%. In 2020, production rebounded to 13 701 K $ US, marking a 3.1% increase compared to 2019. Over the period from 2018 to 2020, the highest growth rate was recorded in 2018 at 4.3%.

Annual dynamics of production in Slovakia in value, 2017-2020, K $ US

In kind, 2017-2020, K l

Slovakia's gin and geneva production volume increased in 2020 after two years of decline. The output reached 7 853 K l, showing a moderate rise of 9.4% compared to the previous year. The lowest production volume was recorded in 2019 at 7 180 K l, which represented a decline of 3.5%. From 2017 to 2020, overall production grew by 3.9%, with an average annual growth rate of 1.3%.

Annual dynamics of production in Slovakia in kind, 2017-2020, K l

Exports gin and geneva from Slovakia

Exports in kind, K l

Exports of gin and geneva from Slovakia showed significant volatility between 2017 and 2020. The lowest point was in 2017, while the peak occurred in 2019 at 136.5 K l. In 2020, exports decreased to 85.9 K l, reflecting a 37.0% decline compared to 2019. The most substantial increase was recorded in 2018, with growth of 187.9%. Overall, exports varied by a factor of four between the trough in 2017 and the peak in 2019.

Annual dynamics of product's exports from Slovakia in kind, 2017-2020, K l

From 2017 to 2020, the three main markets for Slovakia's gin and geneva exports in volume terms were Czechia, Poland, and Hungary. Together, these countries accounted for 75.5% of total exports.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Slovakia in kind, 2017-2020

Exports in value, K $ US

After two years of growth, Slovakia's gin and geneva exports declined in 2020. The export value reached 555 K $ US, reflecting a steep decrease of 53.8% compared to the previous year. The highest export value was recorded in 2019 at 1 202 K $ US, which represented an increase of 56.7%. Between 2017 and 2020, overall exports grew by 13.2%, equating to an average annual growth rate of 4.2%.

Annual dynamics of product's exports from Slovakia in value, 2017-2020, K $ US

From 2017 to 2020, the primary destinations for Slovakia's gin and geneva exports in value terms were Czechia, Poland, and Hungary. Czechia accounted for 58.4% of exports, Poland for 11.3%, and Hungary for 9.8%. Collectively, these three markets represented 79.5% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Slovakia in value, 2017-2020

Imports gin and geneva to Slovakia

Imports in kind, K l

Imports of gin and geneva into Slovakia increased for the third consecutive year in 2020. The import volume reached 659.2 K l, reflecting a rise of 45.5% compared to 2019. From 2017 to 2020, imports grew by 87.3%, with an average annual growth rate of 23.3%.

Annual dynamics of product's imports to Slovakia in kind, 2017-2020, K l

Between 2017 and 2020, the main suppliers of gin and geneva to Slovakia in volume terms were the United Kingdom, Hungary, and Czechia. The United Kingdom accounted for 44.0% of imports, Hungary for 22.7%, and Czechia for 9.5%. Together, these three countries represented 76.1% of total import volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Slovakia in kind, 2017-2020

Imports in value, K $ US

Imports of gin and geneva into Slovakia increased for the third consecutive year in 2020. The import value reached 5 850 K $ US, reflecting a 22.5% rise compared to 2019. From 2017 to 2020, imports grew by 65.7%, with an average annual growth rate of 18.3%.

Annual dynamics of product's imports to Slovakia in value, 2017-2020, K $ US

Throughout 2017 to 2020, the leading suppliers of gin and geneva to Slovakia in value terms were the United Kingdom, Hungary, and Czechia. The United Kingdom accounted for 44.1% of imports, Hungary for 22.8%, and Czechia for 9.6%. Collectively, these three countries represented 76.5% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Slovakia in value, 2017-2020