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Alastair
Master Of Malts
Joined: 13 Nov 2006
Posts: 1736
Location: Ayrshire - Scotland
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 Posted: Tue Dec 23, 2008 12:32 am Post subject: Scotch Whisky Exports Have Fallen |
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Just read this in the Scotsman:
THE AMOUNT of Scotch whisky being exported has fallen, providing further evidence that the economic downturn is hitting the drinks industry, analysts say.
Whisky has been one of the UK's recent success stories. In 2007, exports of Scotch were up 14% to a record £2.8bn, earning the UK £90 per second and accounting for 25% of Britain's food and drink exports. But provisional export figures from Customs aADVERTISEMENTnd Excise to the year end of September 2008 show a decline of more than 3%.
Although the 3.4% decrease in volume to 220.9 million litres is offset by a 12.4% rise in the value of exports from £1.92bn to £2.16bn to the year September 2008, analysts say the figures indicate the industry cannot ride out the recession.
For the ret of the article see the Scotsman website:
http://business.scotsman.com/fooddrinkagriculture/Distillers-defiant-after-whisky-exports.4811984.jp
Alastair |
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islayonspey
Double Malt Member
Joined: 12 Sep 2007
Posts: 120
Location: Dufftown, Speyside, Scotland
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| Posted: Wed Jan 07, 2009 7:23 pm Post subject: Re: Scotch Whisky Exports Have Fallen |
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| Alastair wrote: | Just read this in the Scotsman:
THE AMOUNT of Scotch whisky being exported has fallen, providing further evidence that the economic downturn is hitting the drinks industry, analysts say.
Whisky has been one of the UK's recent success stories. In 2007, exports of Scotch were up 14% to a record £2.8bn, earning the UK £90 per second and accounting for 25% of Britain's food and drink exports. But provisional export figures from Customs aADVERTISEMENTnd Excise to the year end of September 2008 show a decline of more than 3%.
Although the 3.4% decrease in volume to 220.9 million litres is offset by a 12.4% rise in the value of exports from £1.92bn to £2.16bn to the year September 2008, analysts say the figures indicate the industry cannot ride out the recession.
For the ret of the article see the Scotsman website:
http://business.scotsman.com/fooddrinkagriculture/Distillers-defiant-after-whisky-exports.4811984.jp
Alastair |
Yep, Alastair, the bubble had to burst one day !
I just hope that the distillers know what they are doing and reduce the millions of gallons of malt they brew at the moment. Last thing we need is a surplus like what happend in the late '80's !
Slainte Rene
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