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Georgian wine has become a leader in supplies to Russia: how it happened

Date: June 17, 2024 Time: 04:45:41

In fact, Georgian wine ranks only fourth in retail. First – Russian

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According to the Federal Customs Service, in the first five months of this year, most of the wine came to our country from Georgia. In total, importers imported more than 24 million tons of still wines from there. This is two thirds more than in the same period last year. In total, Georgia’s share reached 19% in the total volume of imports.

According to experts, the reason lies in easier logistics. Delivering bottles from Georgia is easier than from Europe. However, the participation of all importers does not exceed 50%. The other half of the market is occupied by national producers. Therefore, the share of Georgian wines in sales is less than 10%.

– In fact, Georgian wine ranks only fourth in retail. First of all – Russian. Then come Italian, Spanish and just Georgian. Most likely, this is due to the fact that Georgia imported the most, while there is such an opportunity, – says Vadim Drobiz, director of the Center for Research on Federal and Regional Alcohol Markets “CIFRRA”.

Market oversaturation can lead to the fact that the price of alcohol, including imported alcohol, may fall, the expert believes. For consumers, this is an advantage. But for Russian manufacturers – a minus. After all, Georgian wine mainly competes with the products of Russian winemakers. Therefore, the government is already discussing possible measures to protect the internal market. In particular, they can increase tariffs on the importation of wine from hostile countries.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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