Russia

The rapid expansion of the Russian economy and consequent development of the grocery retail scene has created exciting opportunities for British speciality food.

Market Background

• Population: 142.8 million (2006)
• GDP: £3,900 per head (2006)
• Unemployment rate: 6.9% (2006)
• Inflation: 12% (2006)
• Consumer expenditure on food and non-alcoholic drinks: £550.25 per head (2005)

Trade Environment

• The total market of grocery retail in 2006: £124 billion
• UK food and drink exports to the market: £108 million in 2006 (15%)

Retail Environment

• Modern trade formats (supermarkets, hypermarkets, discounters) are expanding very rapidly and creating both new opportunities and challenges for suppliers.
  

Top retailers by market share - Russia (2006)

1	Pytaterochka	2.3%
2	Perekrestok	2.3%
3	Metro (cash & carry)	1.9%
4	Tander "Magnit"	1.7%
5	Auchan	0.9%
6	7th Continent	0.7%