Sectorial Brochure Agri-Food Sector of Armenia/BA - Page 2

PROCESSED FOOD & BEVERAGES KEY FACTS Beverage production grew by 34% in 2017 Export-oriented: 37.4% growth in export of beverages & 48.4% growth in exports of agro-food in 2017 Armenia is CIS region’s 1 st and world’s 6 th largest exporter of brandy 89%, 67%, 56%, and 44% of food processing companies have EAEU, FDA, ISO and HACCP certificates, respectively Access to a consumer market with 1.5 billion people with 0% or reduced customs duties Competitive labor cost: average monthly salary is $462 in beverage and $251 in agro-food industries 1