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Monday 18.11.2019 | Name days: Doloresa, Aleksandrs
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Latvia prefers cheaper and stronger alcohol

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Last year’s excise tax revenue for alcoholic drinks, except beer, increased by 2.85 million LVL, compared to that of 2011, according to the data from the State Revenue Service (SRS).

This was mostly due to a gradual, but stable, increase of consumption of legal alcohol. Turnover indexes of legal alcoholic drinks on 2012 are 5% higher than that of the year before, as the Alcohol producers and traders association informed BNN.

According to the data of SRS on legal alcohol turnover of 2012, there was a total of 4 972 thousand decalitres of alcoholic drinks serviced, which is by 4% more than there was in 2011.

Beer has the largest share in the total structure of consumption of alcoholic drinks in Latvia – 75.6%. The proportion of vodka and other similar drinks is near 13%. However, because of the higher tax rate, this group of drinks plays has a dominant role in tax revenue structure – 71%.

In total, the volume of sold vodka, compared to 2011, decreased a little (-7 897 decalitres – 0.74%).

Cognac and brandy turnover also has an increase of 25 837 decalitres (11.93%).

“Currently, Latvia has a delayed development of the illegal alcohol market. There is an increase in percentage for liquors, cognac’s and brandy. Unfortunately, it should be noted that most consumers seem to prefer cheaper and stronger alcoholic drinks. So there is a link between strength and price,” – comments Vitolds Bremmers, chairman of the Latvian alcohol producers and traders association.

SRS data suggests that the largest traders in terms of alcoholic drinks, except beer, in Latvia were AS Latviajs Balzams, AS Cēsu alus, SIA Liviko and SIA Altia Latvia.

Ref: 102.109.109.6163


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