Scotch Whisky Exports Rise 4.4% To $6.4 BillionFebruary 13, 2020
Scotch whisky continued to churn out global growth last year, according to new export figures from the Scotch Whisky Association. Total exports increased 4.4% to £4.9 billion ($6.4b) on a volume boost of 2.4%.
The U.S. remains the Scotch category’s most valuable market, up 2.8% to £1.07 billion ($1.39b) last year, even as volume slipped 7%. Those results were dampened by a fourth-quarter dropoff in which U.S. exports fell 25%, following the imposition of 25% tariffs on single malts in October. “The tariffs are hitting producers hard, particularly small distillers,” said Scotch Whisky Association CEO Karen Betts.
Among Scotch’s other key export markets, Taiwan (+22%), Germany (+5.6%), Spain (+4.8%), India (+19.7%), and Japan (+16.1%) all showed value growth last year, while France (-2.4%), Singapore (-6.3%), and Mexico (-8.1%) declined.—Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
Tagged : Scotch