The purpose of the report is to describe the state of the Russian cognac market, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2012, and also, to build a forecast for the development of the industry in the medium term until 2017.
The volume of cognac production in Russia in January – October 2012 was 7.6 million deciliters, which was 27% more than in the corresponding period of the previous year. Along with the increase in domestic production, there was an increase of the consumption of the imported cognac from the medium and premium price segments.
According to forecasts, the cognac consumption in the medium term will show a stable (but not high) growth. The level of imports of cognac is expected to increase steadily. The development of domestic cognac production depends a lot on the Government policy in the alcohol-producing industry and the actions against fake alcohol.