Sweden: The weakened Swedish krona raises the prices of wines in Systembolagets
NordenBladet – On September 1, the prices of wines will be increased further in Systembolagets, with some wines the price increase is up to 43%. This is the third time this year that the prices of several popular wines have increased.
At the New Year, the prices of all wines in Systembolaget were increased, this decision was related to the alcohol tax.
In March, several suppliers decided to raise prices due to rising costs.
And now the time is ripe for a price increase again. From September 1, several popular wines will become more expensive. This increase is mainly due to the weakening of the Swedish krona, which makes it more expensive for suppliers to import wine to Sweden.
Systembolaget, colloquially known as systemet or bolaget , is a government-owned chain of liquor stores in Sweden. It is the only retail store allowed to sell alcoholic beverages that contain more than 3.5% alcohol by volume. Systembolaget acts as a portal for private companies selling alcohol on the Swedish market and as of 2023, it represents 1,200 vendors ranging from small local breweries to large scale importers and multinational companies, selling products from a total of over 5,000 producers from all over the world.
Systembolaget also sells non-alcoholic beverages, although this product segment represents less than half a percent of the company’s total sales of beverages. The minimum age to buy alcohol at Systembolaget is 20 years. At Swedish restaurants and bars the legal age to buy alcoholic beverages is 18 years, though bars and clubs may voluntarily set an age limit higher than 18 if they prefer.
Systembolaget’s stores must close no later than 20:00 on weekdays and 15:00 on Saturdays. On Sundays and public holidays all Systembolaget’s stores are closed. Systembolaget’s stores are also closed on Christmas Eve and Midsummer Eve.
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