Scotch Whisky exports over ￡6bn for first time

As announced by the Scotch Whisky Association (SWA) the value of “Scotch Whisky exports was up 37% by value, to ￡6.2bn.” With the number of 70cl bottles exported growing by 21% to the equivalent of 1.67bn, the equivalent of 53 bottles of Scotch Whisky are exported every second – up from 44 per second in 2021.

Scotch Whisky was exported to 180 global markets in 2022, with the Asia-Pacific region overtaking Europe to be the industry’s largest global market by volume for the first time - the volume of Scotch Whisky exports to India in particular have grown by more than 200% in the past decade alone.?

India is the largest whisky market in the world but Scotch Whisky has just a 2% share of the Indian whisky market. The SWA attribute this due to the exceedingly high tariffs attached, they believe that reducing the 150% tariff in India could increase the value of exports to the market by ￡1 billion over the next five years.

With exports worth almost ￡1.6bn, the EU is the second largest regional market for Scotch Whisky. With France, Germany, Spain and Poland being amongst the top 10 export markets by volume according to SWA. Retaining frictionless access to the EU’s Internal Market post-Brexit and tackling existing or potential trade barriers in the individual Member States is a priority across the sector.

The United States recovered to reach over ￡1bn of exports – the first time since the 25% tariff on Single Malt Scotch Whisky was suspended (￡1.06bn in 2019). Bottled Blended Scotch Whisky accounted for 59% of value exports, with Single Malt 32% all Scotch Whisky exports by value.

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