Russian sparkling wine production up 28% in 9M24

By bne IntelliNews October 9, 2024

Sparkling wine production in Russia increased by 28% year-on-year (y/y)in 9M24 to 11.15 decaliters, Tass reported citing the data by the Federal Service for Control over Alcohol and Tobacco Markets (Rosalkogoltabakkontrol).

As reported in detail by bne IntelliNews, once known for their vodka affinity, rising incomes and changing consumer preferences have caused Russians to increasingly embrace wine as their alcoholic beverage of choice.

State subsidies and a complex geopolitical climate have moved domestic producers to the forefront, but a turbulent history and concurrent antialcohol campaign are hindering their potential. Russia’s $3bn domestic wine industry is projected to see an explosion in the coming years.

In 9M24 grape wine production increased by 8% y/y to 24mn decaliters. Vodka distillation inched up by 1.6% to 55.74mn decaliters, brandy production added 17% to 6,900 decaliters. The output of low-alcohol beverages plummeted by 40.5% to 9.3mn decaliters.

Overall, Russia produced 132.8mn decaliters of alcoholic beverages in 9M24 (not accounting for beer, beer-based beverages, cider, perry and mead) up by 0.6% y/y. Distillation of alcoholic beverages with the strength above 9% increased by 7.5% y/y to 82mn decaliters.

Related Articles

Egypt and Russia sign supplementary agreements to advance El-Dabaa nuclear plant

Egypt and Russia have signed a supplementary intergovernmental agreement to push forward the El-Dabaa nuclear power plant project in Egypt, Al Arabiya reported on July 8, citing a statement from ... more

Non-performing loans hit historic low in CESEE, but early warning signs emerge, says EBRD

Non-performing loans (NPLs) in central, eastern and south-eastern Europe (CESEE) fell to their lowest levels since the global financial crisis in 2024, but early indicators suggest rising risks ... more

China’s LNG imports slump for eighth month

China’s LNG imports have fallen on a year-on-year basis for the eighth consecutive month, Bloomberg reported on June 26 citing data from Kpler. Imports of the super-chilled fuel in the world’s ... more

Dismiss