The EU increased its wine exports to Russia by 40%

Published 2023년 1월 4일

Tridge summary

Wine consumption in Greece is high, with one in three Greeks drinking it monthly. There has been a significant increase in wine deliveries from European Union countries to Russia, with growth exceeding 40% annually. Countries like Austria and Bulgaria have seen up to a 5x increase in wine exports to Russia. However, Latvia and Lithuania remain the largest wine importers to Russia. The article also discusses the pricing preferences of Russian wine consumers, ranging from 5$ to over 60$ per bottle.

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

Original content

Wine is the most popular alcoholic drink in Greece - every third of Greece consumes it at least once a month. The deliveries of wine from the countries of the European Union to Russia in the period August - October have grown in general by more than 40% on an annual basis. This is shown by graphic data published by RBC. The specified period is considered as the first quarter of the so-called marketing year in wine sales. The published data show that wine exports to Russia from Austria and Bulgaria increased by a maximum of 5 times during the quarter on an annual basis. At the same time, considered in terms of physical volume, exports from each of these countries are only about 1% of those of Russia's largest wine importer - Latvia. More specifically, for the August - October quarter, on an annual basis, the volume of wine exports from Austria to Russia increased by 515%, and deliveries from Bulgaria increased by 463%. Wine deliveries to Russia from Croatia (by 176%), Estonia (by ...

Source: Money