The production of still wines in Russia in January - March increased by 25.4%

Published 2024년 4월 12일

Tridge summary

In the first quarter of this year, Russia experienced a notable increase in wine production, with still wines up by 25.4% to 75 million liters and sparkling wines by 26.5% to 31 million liters, according to Roskoshestvo. The market has seen a shift towards a preference for white and pink wines, which now represent 61% of the total production. Domestic wines have surpassed 50% of the still wine market and 62% of the sparkling wine market, with expectations for further growth. There's been a decline in wine imports from European countries, contrasted by an increase from BRICS nations, especially South Africa. This trend is anticipated to persist into 2024, with Russian wines projected to make up 60-65% of total sales, driven by factors such as excise duty indexation and an expanded retail presence.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It reached 75 million liters In the first three months of this year, Russian producers increased the production of still wines by 25.4% compared to last year’s level, to 75 million liters. Sparkling wine production increased by 26.5% to 31 million liters. This was reported in Roskoshestvo. “It is worth noting that Russian producers take into account the structure of demand that has changed in recent years, with a predominance of consumer demand for white wines. The share of white and pink wines in the total production volume increased to 61%, the share of red wines decreased by 3%, amounting to about 39%,” said Olesya Latysheva, director of the department for research and promotion of domestic wine products of Roskachestvo, head of the Wine Guide of Russia. It is clarified that currently the production of Russian wines covers more than 50% of the demand for still wines and over 62% in the sparkling wine sector. The share of domestic wine in sales will grow dynamically, ...
Source: Specagro

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