Experts expect budget French, Italian and Spanish wines to soon disappear from the Russian market. It is stated in this material “lenta.ru”.
It is stated that the alcohol market in Russia has changed significantly in the last few years. Thus, many foreign suppliers left and prices increased in almost all segments. At the same time, wine, which is increasingly preferred over hard drinks, stands out among the preferences of Russians.
Analysts believe that very soon the choice of buyers in this segment will change; Cheap wines from Italy, France and Spain will be replaced by wines from Chile, Argentina and South Africa.
In a wine trading company Castle In October, they suggested that Italian, Spanish and French wines would soon remain only in the more expensive segment and cheaper brands would disappear. The reasons cited included the increase in customs duties on imported wine, the increase in excise taxes on still and sparkling wines, as well as inflation in Europe.
Last December, Maxim Kashirin, co-founder and president of Simple Group, one of Russia’s largest wine suppliers guessIt is stated that imported wines worth up to 700 rubles may disappear in 2024.
RIA Novosti at the beginning of January reportedHe stated that the world’s largest sparkling wine importers in the January-August 2023 period were the USA, the UK and Japan, and Russia ranked ninth on this list.
Previously in Russia calculatedHow much will wine prices increase in 2024?