Agroexport: Russia has doubled the export of soft drinks over 5 years

Soft Drink

Russia

Market & Price Trends

Published Oct 7, 2023

Tridge summary

Russian exports of soft drinks experienced significant growth from 2018 to 2022, doubling and reaching nearly $500 million. Sweet drinks showed the fastest growth, increasing 2.6 times. The forecast for increased global demand presents further opportunities for Russian beverage exports, with countries such as China, India, Saudi Arabia, UAE, Israel, and Kazakhstan identified as promising markets.

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Original content

During the period 2018–2022, Russian exports of soft drinks more than doubled and reached almost $500 million in 2022. The fastest growth rates were shown by supplies of sweet drinks, increasing by 2.6 times. This was announced by the head of the Federal Center "Agroexport" Dmitry Krasnov at the panel discussion "Prospects for the development of exports of Russian drinks", held on October 4 as part of the 25th Russian agro-industrial exhibition "Golden Autumn - 2023". The forecast for increased global demand creates the potential for further growth in exports. “From a consumption perspective, the global beverage market is poised for significant growth. By 2027 inclusive, it will be almost 40%. Moreover, water consumption without additives will grow at an accelerated pace - about 7% annually,” explained Krasnov. According to him, currently the main buyers of Russian soft drinks are the countries of the post-Soviet space: Kazakhstan, which imported Russian drinks worth $223 million ...

Source: Agroxxi