Russians are buying up alcohol at a record pace

Published 2024년 11월 28일

Tridge summary

Record sales of alcohol in Russia from January to October 2024, with over 2 billion liters sold, marking the highest since 2017. Vodka and wine, especially sparkling wine, have driven the sales, with vodka hitting record highs and still wine also seeing an increase. However, sales of low-alcohol products have decreased due to a significant increase in excise tax, which has made their production economically unprofitable. The economic situation and the ongoing military conflict in Ukraine are contributing factors to the increased sales of alcoholic drinks in Russia. Imported wine continues to dominate the market, despite local producers expanding their production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The first 10 months of 2024 have seen record sales of alcohol among Russian consumers, according to calculations made by the local alcohol regulator, with wine and vodka driving retail sales. Eugene Gerden reports. In 2024, almost 2 billion litres of alcohol were sold in the Russian retail, which is the highest figure since 2017, according to calculations made by the local alcohol regulator Rosalkogoltobakkontrol (RATK). Vodka, as well as still and sparkling wines, are the top sellers. According to the latest statistics of the Russian RBC Vino business paper cited by RATK, 1.84 billion litres of alcoholic drinks were sold at retail in Russia from January to October this year. Vodka demonstrated record sales in 2024. In just 10 months 625 million litres of the spirit were sold, breaking the 2017 record high of 542 million litres. Record sales were also observed for still and sparkling wines. Still wine sales for the first 10 months of 2024 amounted to 469m litres, 0.9% more than ...

Source: Thedrinkbusiness