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Beer in Russia: Results of 2008, Trends for 2009
Pivnoe delo, international analytical journal, Aug 2009, Pages: 14
The brewing industry and market continue to grow in 2009, despite consumption decline. During the first half of the year the market has grown by 8-10% in monetary terms and can reach the level of 500,000 mln. ruble by the end of the year. The ruble stabilization and malt price fall will positively effect the companies’ profitability. Besides, the market leaders have worked hard at costs cutting, developing their resource bases and optimizing production and logistics. Since the year start, Efes and Baltika have been showing the best dynamics. But unlike the past years, only regional breweries can boast of beer output growth.
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