Russian wines take over half the domestic market in sales

Russian wines take over half the domestic market in sales
Russian wines take over half the domestic market in sales
By bne IntelliNews September 28, 2018

In the first half of September the produce of Russian wineries accounted for over half the domestic wine sales with a 52% market share, up from 43% a year ago, RBC business portal said on September 26 citing the Takskom researcher.

As reported by bne IntelliNews, Russia produces competitive wines, and the government is intending to promote its viniculture following countries like Georgia into the international markets.

On the domestic market, the appeal of Russian wine in September increased as the price per bottle declined by about 5% year-on-year, Yulia Chernishova of Dixy retailer suggested to RBC. 

An average receipt for wine in the meantime increased by 5.7% to RUB477 ($7.3), with the average price per bottle rising by 6.2% to RUB324. The consumption of wine in Russia is at about 3.5 litters per capita per year.

Still, the most popular wine brands in September remained foreign, with Abkhaz Lyhni, Spanish Castillo Santa Barbara, and Georgian Chateau Saperavi and Talavari being the most popular. Russian Abrau Dark Coupage was the fifth most popular wine brand.

At the same time Georgian wines lost their position accounting for 6% of all wine sales in Russia versus 16% a year ago. Other large exporters to Russia were Italy (12%), Spain (9%), France (8%), and Abkhazia (7%).

 

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