European wine and champagne prices could rise by about half before the New Year
Market observers believe that wine and sparkling wine imported from Europe may see price increases of up to 50 percent by the start of 2025. In a recent interview, Vadim Drobiz, director of the Federal and Regional Alcohol Markets Research Center, outlined the factors behind this potential shift. The rising cost is largely attributed to higher taxes on alcohol imports from EU countries such as France, Italy, Spain, and Portugal, among others.
Forecasts suggest that European wines and champagnes, which currently trade in the 400–600 rubles range, could jump by about 200–250 rubles in the coming months. The period most commonly identified for these changes is September through November. While importers may hesitate to immediately pass on all costs, stock levels held in warehouses could influence the timing and magnitude of any price adjustments.
Beyond the European imports, there is a parallel expectation of price growth in the lower price segment of alcohol goods starting January 1. This rise would be driven by increases in excise taxes and the introduction of higher minimum retail prices. The remainder of the alcohol market could see further inflation in February, according to the analyst.
In related market developments, recent Russian industry observations noted the share of counterfeit products in online wholesale alcohol sales. The trend adds another layer of risk for distributors and consumers alike, underscoring the importance of verified supply sources and robust regulatory oversight.
Additionally, earlier remarks indicated that certain internationally known brands, such as Jameson whiskey, might disappear from some Russian retail stalls. This potential shift reflects broader changes in the availability of imported spirits across the country.