You are here: Home - Uncategorized -

Whisky in the bar (abroad) hits new sales records

Written by:

Sales of Scotch whisky abroad hit record levels last year as over a billion bottles of the ‘water of life’ were exported to thirsty nations right across the world.

The value of global sales soared 4% to £2.5bn, representing 25% of all the UK’s food and drink exports.

Europe saw growth in all of its constituent markets, with demand in the Americas and Asia, Venezuela, China and South Africa also especially strong.

Trade is currently so strong in the whisky business that the world’s largest producer – Diageo – recently announced its intention to invest £100m on upgrading its distilleries across Scotland.

“This is a sign of a business that is making a substantial UK investment into the economy and driving our exports very powerfully,” said City analyst Colin Perry.

“Sales volume rose 6% to 1.051 billion bottles last year, beating the previous high of 1.013 bottles in 2001. The best previous year in terms of value was 1997, when sales totalled £2.4bn,” he added.

However, it was the rising demand in China that most heartened many industry observers, where the drink is in huge demand and the country has risen to a place in the top 10 of international Scotch markets.





Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
ISAs ‘better than pensions’ for retirement income

A report from financial website has claimed that millions of people in the UK could be better off holding...