Russian Federation: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in the Russian Federation

The Russian spirits and liqueurs market soared to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption, however, recorded a perceptible descent. Spirits and liqueurs consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Spirits And Liqueurs Production in the Russian Federation

In value terms, spirits and liqueurs production shrank modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep downturn. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Spirits and liqueurs production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports from the Russian Federation

In 2022, exports of spirits, liqueurs and other spirituous beverages from Russia fell significantly to X litres, which is down by X% against the previous year's figure. Over the period under review, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X litres, and then dropped remarkably in the following year.

In value terms, spirits and liqueurs exports contracted remarkably to $X in 2022. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X litres), Kazakhstan (X litres) and Ukraine (X litres) were the main destinations of spirits and liqueurs exports from Russia, together accounting for X% of total exports. Latvia, Germany, Macao SAR, the United States, Lithuania, China, Austria, Turkmenistan, Bulgaria and Cambodia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), the UK ($X) and Kazakhstan ($X) constituted the largest markets for spirits and liqueurs exported from Russia worldwide, together accounting for X% of total exports. Germany, Ukraine, China, the United States, Lithuania, Macao SAR, Bulgaria, Austria, Turkmenistan and Cambodia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2022, reducing by X% against the previous year. Over the period under review, the export price showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per litre in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per litre), while the average price for exports to Cambodia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spirits And Liqueurs Imports

Imports into the Russian Federation

In 2022, the amount of spirits, liqueurs and other spirituous beverages imported into Russia skyrocketed to X litres, jumping by X% on the previous year. Over the period under review, imports continue to indicate a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs imports plummeted to $X in 2022. Overall, imports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Armenia (X litres), the UK (X litres) and Belarus (X litres) were the main suppliers of spirits and liqueurs imports to Russia, together comprising X% of total imports. Kazakhstan, Ireland, the United States, Georgia, Germany, Puerto Rico, France, Mexico, Finland and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Puerto Rico (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Armenia ($X) and France ($X) constituted the largest spirits and liqueurs suppliers to Russia, with a combined X% share of total imports. Ireland, the United States, Mexico, Puerto Rico, Germany, Kazakhstan, Belarus, Finland, Italy and Georgia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Puerto Rico, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average spirits and liqueurs import price amounted to $X per litre, dropping by X% against the previous year. Overall, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per litre in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per litre), while the price for Belarus ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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