07/03/2022
Russia is the 4th largest alcohol market in the world in terms of volume, with imports accounting for 9% of total consumption.
While there have been calls to ban Russian-made goods in light of the country’s invasion of Ukraine, boycotts of Russian vodka brands will have a fairly minimal impact on Russian vodka producers. Any significant impact is more likely to be symbolic.
While vodka is the country’s largest export, Russia is also a relatively large producer of beer and wine – though much of this is consumed domestically.
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The above analysis reflects IWSR data from the 2021 data release. For more in-depth data and current analysis, please get in touch.
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