Abstract
Despite a decreased share of gross domestic product, the role of a country’s food and beverage industry cannot be underestimated. Food security should be a crucial part of national policy in every country because, during critical situations, such as the COVID-19 pandemic, it plays a key role in the protection of a country’s citizens. The food industry also plays a key role in employment and the sustainable development of all countries. We investigated the latest trends and focused on one specific branch of the food industry. Although the spirits industry does not have a major market share in the food industry, it is one of the branches with the highest added value, and it produces commodities with high export potential. This branch of the food industry in the Slovak Republic has a long tradition. Our primary aim was to examine the competitiveness of this sector in a single market of the EU as a key element of its sustainable development. The results obtained for the revealed comparative advantage suggest that there was a downturn in the number of competitive branches in the Slovak spirits industry during the study period of 2004–2018. Despite this negative trend, the remaining competitive branches of the Slovak spirits industry represent the majority of exports.
Highlights
The food and drink industry of the European Union represents the largest manufacturing sector [1]; its performance and competitiveness are among the key drivers of national economies
In developed countries in particular, both agriculture and the food industry are losing their market share to innovative and more technologically based industries. Despite this trend, the agri-food industry is a key industry in every national economy that is responsible for food safety
Based on previously published export data, import data, and descriptive statistics of the revealed comparative advantage (RCA), we identified commodities registered under this code as key elements to the the RCA, we identified commodities registered under this code as keygroup elements to the successful competitiveness of the Slovak spirits industry
Summary
The food and drink industry of the European Union represents the largest manufacturing sector [1]; its performance and competitiveness are among the key drivers of national economies. In developed countries in particular, both agriculture and the food industry are losing their market share to innovative and more technologically based industries Despite this trend, the agri-food industry is a key industry in every national economy that is responsible for food safety. The COVID-19 pandemic has shown that traditional branches of industries, with the food industry at the forefront, have been able to better withstand economic downturn pressures compared to many rising industries over the last few decades [2,3]. This resilience is very important, as the agri-food industry is still a key employer in national economies. This specialization may help preserve the sustainability of the agri-food sector as a whole
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