The Scotch Whisky Association has recently revealed industry export figures for 2019, showing worldwide growth.
The figures, compiled from HRMC export data, show that the export value of global Scotch Whisky exports grew by 4.4% to £4.91bn, with growth in 106 of its global markets. The number of 70cl bottles exported also increased, growing to the equivalent of 1.31bn, up 2.4%.
Export growth was driven in particular in Asia and Africa, with value increases of 9.8% and 11.3% respectively.
However, a 25% tariff on the import of Single Malt Scotch Whisky and Scotch Whisky liqueurs into the United States means the outlook for the industry remains uncertain, particularly given that this tariff could rise.
The SWA warned in August that exports in 2019 had been affected by changing trade conditions in key export markets, and did not reflect “steady-state” trade for the Scotch Whisky sector. This continues to be the case, with significant pre-shipping ahead of Brexit ‘no-deal’ deadlines in March and October 2019, and ahead of the imposition of a tariff on exports to the US on 18th October.
While the US remained the Scotch Whisky industry’s most valuable market, increasing in value by 2.8% to £1.07bn, export volume fell by 7% to 127m 70cl bottles. There was a marked difference in the final quarter of the year. In Q4 2019, exports to the US fell by 25%.
This story is from the June 2020 edition of Ambrosia.
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This story is from the June 2020 edition of Ambrosia.
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