ARMENIA INCREASES BRANDY PRODUCTION 21.5% IN 2011
Interfax
Feb 8 2012
Russia
Armenia increases its brandy output 21.5% in 2011 to 15.3 million
liters, the National Statistics Service reported.
Wine production grew 6.3% to 6.18 million liters. Liquor output
dropped 23.1% to 9.16 million liters and beer production was down 4%
to 14.7 million liters.
The main sales markets for Armenian brandy are Russian and other
CIS countries.
Brandy is usually Armenia’s most export-oriented product. The
government predicts brandy output in monetary terms should reach $160
million to $195 million in 2015 and $270 million to $320 million
in 2020, compared to $107.3 million in 2010. Exports are also set
to increase significantly, but Armenia plans to diversify its sales
markets. The share of exports to Russia will go down to 70% in 2015
and 65% in 2020 (80% in 2010) and exports to China will increase
to 5%-7% in 2015 and 8%-10% in 2020. Armenia also plans to sell to
Southeast Asia and ethnic markets in the United States, Germany and
Eastern Europe.
From: A. Papazian
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