A vital sector for UK exports – the Scotch Whisky Association
Scotch Whisky is popular across the globe and accounts for over a fifth of all UK food and drink exports. The Scotch whisky industry is coming into its own in terms of exports: Scotch exports increased by 4% in 2016 to more than £4 billion, with the value of Single Malts exceeding £1bn for the first time. Indeed, Scotch continues to lead the way within Scotland’s food and drink sector in particular. The ‘national drink’ makes up 73% of total Scottish food and drink exports.
Scotch Whisky is popular across the globe and demand is from a diverse range of markets. In terms of regions, the European Union remains the top destination for exports, worth around £1.2bn of the total. North America is the second largest, taking exports worth more than £1bn, followed by Asia with shipments of £768m.
India is becoming increasingly significant with value of exports up almost 14% to £97m to make it the ninth biggest market for Scotch. But its full potential will not be realised until its 150% import tariff is reduced.
Find out more about the Scotch Whisky Association here.