Russia: Experts predicted promising markets for beverage exports

Alcoholic Beverage

Russia

Market & Price Trends

Published Oct 11, 2023

Tridge summary

Russian beverage exports have experienced fluctuations over the past decade, largely influenced by the global macroeconomic situation. However, experts anticipate an increase in the export of juices, carbonated and mineral water to countries like China, India, and those in the Persian Gulf. In 2022, Russia produced 19.8 billion liters of soft drinks, with 96% of beverage exports going to neighboring countries, but there are indications of potential expansion into Asian and Gulf markets in the future.

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Original content

Over the past ten years, the export of Russian-made beverages has gone through several stages of rise and fall, depending on the macroeconomic situation in the world. Now experts predict an increase in the export of juices, carbonated and mineral water to China, India and several other countries. The production of soft drinks in Russia in 2022 amounted to 19.8 billion liters, according to the Union of Juice, Water and Beverage Producers (Soyuznapitki). Last year, 96% of beverage exports went to neighboring countries, however, as indicated in the message of the Federal State Budgetary Institution Agroexport, in the future Russia may enter the markets of Asia and the Persian Gulf. The export of soft drinks in Russia has gone through several stages, Agroexport reports, citing experts. Thus, in 2015-2019, there was an increase in exports, Russian drinks arrived in ethnic stores all over the world. In 2020-2021, due to pandemic restrictions, supply chains were disrupted, and exports ...

Source: Agronovosti