Report Highlights:
The Russian HRI sector is growing quickly as consumer incomes rise. National restaurant sales are increasing at a rate of 20 to 30 percent annually, and the regional expansion of chain restaurants is driving much of this growth. Many restaurants import the vast majority of their ingredients, creating opportunities for U.S. exports of meat, seafood, wine, and specialty foods. Growing consumer demand and favorable changes in Euro/Dollar and Ruble/Dollar exchange rates are creating even more opportunities for U.S. food and beverage products. Difficulties with customs, port delays, and protectionism all present challenges, but the size and growth of the HRI sector make Russia a valuable market for U.S. producers.