Russia Constitutes 15 percent of the Global Rose Market

Russia Constitutes 15 percent of the Global Rose Market

One and a half billion of roses are sold in Russia annually, which makes up about 15 percent of total global consumption, reports Interfax, citing data from the National Association of Florists (NAF). Roses account for about 49 percent of flower sales in Russia.

It was noted that NAF has requested the Ministry of Agriculture, the Ministry of Industry and Trade, the Ministry of Finance, the Ministry of Economic Development, as well as the State Duma and the Federation Council to support the flower industry. To be more specific, they association has requested to reduce the VAT rate from 20 percent to concessionary ten percent, raise the import duty on flowers to 15 percent and include flower producers in the concessional investment lending programme.

Currently, the customs duty on the import of flowers, which was set when the Russian Federation has joined the WTO, is still the lowest in the world. For example, in China, the duty is set at 10 percent and in the EU it is 8.5 percent. According to NAC experts, the current situation in the market is that Russian roses are at risk of disappearing from the market in the next one and a half to two years if the state will not support the industry.

Over the past five years, Belarus has been the biggest supplier of flowers to Russia, constituting about 49.5 percent of the country’s total imports. Apart from the former Soviet states, the leading countries in flower imports to Russia include Ecuador (17.5 percent of total imports), Kenya (9.5 percent) and Colombia (5.4 percent). In addition, we would also like to remind you, that an earlier report has named the fastest growing segment of fruit imports in Russia.

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