Report Update Nov 1, 2024

Russian Federation - Whisky - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Russian Federation: Whisky Market 2024

Whisky Market Size in the Russian Federation

In 2022, the Russian whisky market decreased by -6.8% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. Whisky consumption peaked at $X in 2021, and then declined in the following year.

Whisky Exports

Exports from the Russian Federation

After three years of growth, shipments abroad of whisky decreased by -66.6% to X litres in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 385% against the previous year. Over the period under review, the exports attained the maximum at X litres in 2021, and then fell markedly in the following year.

In value terms, whisky exports fell rapidly to $X in 2022. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 554%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced notably in the following year.

Exports by Country

China (X litres) was the main destination for whisky exports from Russia, accounting for a 59% share of total exports. Moreover, whisky exports to China exceeded the volume sent to the second major destination, Macao SAR (X litres), twofold. Cambodia (X litres) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +268.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (0.0% per year) and Cambodia (+73.0% per year).

In value terms, the largest markets for whisky exported from Russia were China ($X), Macao SAR ($X) and Cambodia ($X), together comprising 96% of total exports.

Among the main countries of destination, China, with a CAGR of +411.8%, saw 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 whisky export price stood at $X per litre in 2022, growing by 73% against the previous year. In general, the export price recorded a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($X per litre), while the average price for exports to Cambodia ($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 Cambodia (+76.0%), while the prices for the other major destinations experienced more modest paces of growth.

Whisky Imports

Imports into the Russian Federation

In 2022, purchases abroad of whisky decreased by -5.8% to X litres for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 109%. Imports peaked at X litres in 2021, and then reduced in the following year.

In value terms, whisky imports contracted to $X in 2022. Overall, imports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2020 when imports increased by 51%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X litres), Armenia (X litres) and Latvia (X litres) were the main suppliers of whisky imports to Russia, together comprising 50% of total imports. These countries were followed by Spain, Azerbaijan, Lithuania, Italy, Germany and Estonia, which together accounted for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Azerbaijan (with a CAGR of +3,011.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) constituted the largest supplier of whisky to Russia, comprising 22% of total imports. The second position in the ranking was taken by the UK ($X), with a 7.9% share of total imports. It was followed by Lithuania, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from Latvia stood at -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-1.4% per year) and Lithuania (+14.8% per year).

Import Prices by Country

In 2022, the average whisky import price amounted to $X per litre, declining by -2.4% against the previous year. Overall, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 5.9%. Over the period under review, average import prices hit record highs at $X per litre in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Latvia ($X per litre), while the price for Armenia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for whisky in the world?

The countries with the highest volumes of in 2021 were the United States, India and Japan, together accounting for 29% of global consumption. Indonesia, Canada, France, the UK, Russia, Pakistan, Bangladesh, Brazil, Iran and Thailand lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of whisky in the world?

The country with the largest volume of whisky production was the UK, accounting for 40% of total volume. Moreover, whisky production in the UK exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 10% share.

What are the leading suppliers of whisky to the Russian Federation?

In value terms, the UK constituted the largest supplier of whisky to Russia, comprising 71% of total imports. The second position in the ranking was occupied by the United States, with a 15% share of total imports.

What are the leading importers of whisky from the Russian Federation?

In value terms, China emerged as the key foreign market for whisky exports from Russia, comprising 62% of total exports. The second position in the ranking was occupied by Latvia, with a 5.8% share of total exports. It was followed by Kazakhstan, with a 2.9% share.

What is the average export price for whisky in the Russian Federation?

In 2021, the average whisky export price amounted to $4.4 per litre, waning by -20.5% against the previous year.

What is the average import price for whisky in the Russian Federation?

In 2021, the average whisky import price amounted to $4.9 per litre, surging by 6.3% against the previous year.

This report provides an in-depth analysis of the whisky market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11011030 - Whisky (important: excluding alcohol duty)

Country coverage:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023