Russia

Russia’s real GDP will decline steeply in 2020. The Coronavirus (COVID-19) infection curve is flattening in the country and consumer, as well business confidence indicators are slowly recovering from their historic lows in Q2. Russia’s economy faces ...

2018 saw the Ministry of Industry and Trade of Russia, with the support of the Ministry of Agriculture and Russian Quality System, initiate the Days of Russian Wines campaign. The aim of this campaign is to support domestic wine producers and the ...

2019 saw further slowdowns in sales growth in in cider/perry, after 2018 saw the very strong double-digit growth rates that have been recorded in cider/perry throughout the first half of the review period give way to more modest, sustainable growth ...

2019 saw sales growth rates in beer slowdown appreciably. This slowdown in growth was primarily due to category sales settling down after dynamic growth was registered during 2018, the result of the unusually long hot summer and Russia’s hosting of ...

2019 saw a continuation of the negative sales trends that have plagued vodka in Russia in recent years. Nevertheless, it should be noted that total value sales of vodka recorded positive growth over the course of the year. Most of the vodka consumed ...

It is difficult to overstate the negative impact that the COVID-19 pandemic has had on sales of alcoholic drinks in Russia. In particular, very strong declines are expected to have been seen in on-trade sales due to the government-mandated closure of...

In Q3 2020, global economic activity levels remain significantly below normal. Under the baseline forecast the global economy is headed for the worst global recession since the great depression of the 1930s, with global output set to contract by 3-6%...

Lockdown measures in response to COVID-19 in Russia in 2020 compounded the declining demand for home audio and cinema, with many local consumers prioritising their spending on more essential goods such as groceries, medicine and cleaning products. ...

Smartphone ownership is already high amongst Russians and dominates demand for mobile phones, with feature phones continuing to decline over the review period, being mainly popular with older generations due to their basic functionality. A sharper ...

Demand for computers and peripherals was already waning in Russia towards the end of the review period with many local consumers remaining conscious of their spending habits, particularly for big-ticket items, following the last economic crisis in ...

Demand for home video continues to be influenced by the dominant category of LCD TVs, a category which pre-COVID-19, had experienced solid demand despite increasing price sensitivity amongst Russians. For many local consumers, television is a main ...

Demand for imaging devices continued to diminish moving into 2020, with both volume and current value sales recording double-digit declines. Despite a more marked decline, likely due to reduced general spending on discretionary items, the main ...

Demand for portable media players in Russia continued to be primarily driven by wireless speakers going into 2020, with the latter rapidly gaining in popularity over the review period due to its innovation and flexibility in terms of portability in, ...

Moving into 2020, wearable electronics remained the fastest growing category in Russian consumer electronics, supported by ongoing interest in health trends and tracking physical fitness. While the rate of volume growth dropped in Q2 2020 during ...

The emergence of COVID-19 and the subsequent lockdown measures introduced by the government only served to compound the declining trend experienced by in-car entertainment over the review period, as price-sensitive consumers reduced discretionary ...

Demand for many categories in consumer electronics in Russia was already waning pre-COVID-19, and the subsequent lockdown measures introduced by the government in an attempt to curb the spread of the virus only worsened this scenario. Despite an ...

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Current value and volume sales of eyewear are expected to fall in 2020 due to the impact of COVID-19. The enforced closure of all non-essential retail outlets during early 2020, including many optical shops, halted a large proportion of eyewear ...

Following a sustained period of positive current value growth, sales of contact lenses and solutions are expected to fall over 2020 as a whole due to the impact of COVID-19. Many consumers were unable to go to work and engage in social activities ...

Following strong current value growth in 2019, sales of spectacles are expected to fall dramatically during 2020 as a result of the COVID-19 pandemic, with double-digit value declines for all categories. The closure of all non-essential retail ...