More sour news for the whisky industry. Pernod Ricard reported lagging sales for the first half of the fiscal year, and then there’s this from the Scotch Whisky Association… ——————————- The Scotch Whisky Association (SWA) has released global export figures that show the value of Scotch exports topped £5.6bn in 2023. The equivalent of 1.35bn 70cl bottles of Scotch Whisky were exported last year, equating to 43 per second. The figures, released today, show a decrease on 2022 exports for both volume and value, which the industry says was a “bumper” year for exports as global markets reopened and restocked following the pandemic, as well as the full reopening of global travel retail. The 2023 figures represent a more normalised depiction of the current state of global exports, with robust growth on pre-pandemic numbers. Exports of Scotch Whisky have risen by 14% in value compared to 2019, with a 3% increase in volume. However, whisky bosses have also warned that 2023 posed “significant” challenges for the sector both at home and in a number of key markets, warning that maintaining these numbers without more concrete government support in the coming year could hamper longer term growth.

Posted by Mark at 2024-02-15 15:17:18 UTC