Comparison of Wine Production and Consumption: Case Study of Slovakia and Czech Republic

Wine production has a long tradition over the years and significant position in many countries in central Europe. Nowadays, in terms of stable production & customer demand, it is very difficult to build strong competitiveness and attractiveness. The main objective of this paper is exploring the comparative study of wine production and consumption in a Slovakia and Czech Republic. Furthermore, this paper presents the wine situation from macro view and impact on domestic and foreign markets. A comparative study based on the past development and current situation. All data were obtained from statistical databases and green reports. Nowadays, Slovak and Czech's winemakers produce wines of the high quality with a fair price. Last 20 years wine consumption has a slightly rose in both countries. However, wine production is insufficient for the domestic market and wine is needed to be imported from abroad. Hence, the paper focuses also on a recommendation for a better position on the wine market in Slovakia and Czech Republic. The added value of the comparative study is significant to understand the causes of the wine production situation and consumption of wine products at the markets.