Wine supplies from Spain and France to Russia fell 1.5 times over the year

Published 2024년 4월 12일

Tridge summary

In December 2023, Russia saw a significant decline in wine imports from traditional European suppliers like Spain, France, and Italy, with reductions of 59%, 58%, and 38% respectively, due to increased duties on wines from countries Russia considers unfriendly. This policy change, enacted in August 2023, has led to a noticeable decrease in imports from these nations over the year. In contrast, Russia has increased its wine imports from BRICS nations and other countries such as China, Brazil, and Turkey, with South Africa emerging as a leading exporter to Russia. Additionally, Russia's domestic wine production has experienced substantial growth, with a 25.4% increase in still wines and a 26.5% increase in sparkling wines in the first quarter of the year, indicating a move towards self-sufficiency in wine production and a diversification of its import sources.

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Original content

The volume of supplies of still wines from Spain and France to Russia decreased in December 2023 by 59% and 58%, respectively, compared to the same period in 2022, the import of wines from Italy decreased by 38%, Roskachestvo said. As experts noted, a noticeable decrease in supplies occurred after the introduction of increased duties on wines from unfriendly countries on August 1, 2023. Overall, over the past year, wine imports from Spain decreased by 11% compared to 2022, from France by 4%, and from Italy by 1%. According to Roskachestvo forecasts, the share of unfriendly countries in the volume of wine supplies to Russia will continue to decline. At the same time, many countries are interested in working with Russia. For example, among the BRICS countries, South Africa became the leader in wine exports to Russia in 2023. Supplies increased by 25% to 10.5 million liters. For the first time since 2018, a batch of still wines was imported from India. A record volume for several ...

Source: Kvedomosti