Russian Federation: Wine Market 2023

Wine Market Size in the Russian Federation

The Russian wine market dropped to $X in 2022, which is down by -4% against the previous year. Over the period under review, consumption saw a perceptible setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Wine Production in the Russian Federation

In value terms, wine production soared to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 184%. Wine production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Wine Exports

Exports from the Russian Federation

In 2022, approx. X litres of wine and grape must were exported from Russia; which is down by -22.2% compared with 2021. Overall, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 131%. Over the period under review, the exports hit record highs at X litres in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine exports reduced to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 118%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Ukraine (X litres) was the main destination for wine exports from Russia, accounting for a 28% share of total exports. Moreover, wine exports to Ukraine exceeded the volume sent to the second major destination, China (X litres), threefold. The third position in this ranking was held by Azerbaijan (X litres), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume to Ukraine totaled +39.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+27.0% per year) and Azerbaijan (+79.4% per year).

In value terms, Ukraine ($X) remains the key foreign market for wine and grape must exports from Russia, comprising 18% of total exports. The second position in the ranking was held by France ($X), with an 8.4% share of total exports. It was followed by China, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to Ukraine amounted to +43.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+61.9% per year) and China (+35.6% per year).

Export Prices by Country

In 2022, the average wine export price amounted to $X per litre, surging by 12% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine export price increased by +58.3% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 32% against the previous year. The export price peaked at $X per litre in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per litre), while the average price for exports to Azerbaijan ($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 Belarus (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wine Imports

Imports into the Russian Federation

In 2022, the amount of wine and grape must imported into Russia declined slightly to X litres, dropping by -2.9% on the year before. Over the period under review, imports recorded a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 18% against the previous year. Imports peaked at X litres in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, wine imports contracted to $X in 2022. Overall, imports, however, showed a slight increase. The pace of growth appeared the most rapid in 2017 with an increase of 38% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Italy (X litres), Spain (X litres) and Georgia (X litres) were the main suppliers of wine imports to Russia, together accounting for 31% of total imports. These countries were followed by France, Chile, Portugal, South Africa, Germany, Argentina, Moldova and Bulgaria, which together accounted for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +20.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest wine suppliers to Russia were Italy ($X), France ($X) and Spain ($X), with a combined 32% share of total imports. These countries were followed by Georgia, Chile, Portugal, Germany, South Africa, Argentina, Moldova and Bulgaria, which together accounted for a further 13%.

Portugal, with a CAGR of +19.9%, recorded the highest growth rate of the value of imports, among the main suppliers 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 wine import price amounted to $X per litre, with a decrease of -3.5% against the previous year. Overall, the import price, however, posted a remarkable increase. The growth pace was the most rapid in 2020 an increase of 72% against the previous year. The import price peaked at $X per litre in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per litre), while the price for Moldova ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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