Export of wine from Russia by 2030 may grow by 25%

The federal center "Agroexport" under the Ministry of Agriculture expects an increase in wine exports by a quarter by 2030 compared to 2022. This assessment was given by the head of the center, Dmitry Krasnov, during the panel discussion "Russian Wine: Export Prospects". "We predict the growth of Russian wine exports by a quarter by 2030," he said. According to Krasnov, last year was quite difficult for Russian exporters. In many export markets, they faced severe restrictions. As a result, in 2022, wine exports from Russia in value terms decreased by a third. "At the same time, the average export price of Russian wine increased by 10%, which may indicate a shift in exports towards a more expensive product," Krasnov said. According to his data, more than half of Russian exports go to three countries: Belarus (27% of the total), Kazakhstan (16%) and China (15%). "If Belarus and ...