Across the forecast period, retail sales are set to grow at a current value CAGR of 1% (2024 constant value CAGR of -2%). Despite the general price sensitivity of Slovak households, local small grocers that successfully offer added value in terms of quality or provide good value-for-money solutions, will remain in demand across the forecast period.
Traditional retailing concepts will see renewed attention from both consumers and entrepreneurs across the forecast period. There is set to be a growing interest in mobile stores, such as bakeries, that offer high-quality baked goods in areas where these are otherwise unavailable, particularly in rural regions.
Tobacco excise taxes increased in 2024 and are set for another hike in 2025, as the Slovak government seeks to consolidate its spending and implement austerity measures to address the growing fiscal deficit. While excise tax increases directly drive retail sales (excluding VAT), tobacco sales are expected to remain strong in terms of value.
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Understand the latest market trends and future growth opportunities for the Small Local Grocers 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.
If you're in the Small Local Grocers industry in Slovakia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Small local grocers are mostly independent retail outlets (with a selling space of under 400 square metres), kiosks, market stalls or street vendors, owned by families and/or run on an individual basis, and with a primary focus on selling food/beverages/tobacco and other groceries. Small local grocers also includes ethnic grocery stores that specialize in foreign brands and food types, health food stores, confectioners/newsagents/tobacconists (CTNs), food & drink souvenir stores, legally registered mobile shops that are run out of a truck, and regional specialty stores. Retail sales from farmers markets, farms, vineyards, or similar producers are also included in small local grocers. Outlets located within wet markets in Southeast Asia (often located in government-owned multi-story buildings) should be counted as separate outlets.
See all of our definitionsThis report originates from Passport, our Small Local Grocers research and analysis database.
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