Scottish whiskey not affected by epidemic

Published Feb 18, 2021

Tridge summary

In 2020, Scottish whiskey exports hit a ten-year low, with a 23% decrease in revenue, totaling £3.8 billion. The United States, the largest market, saw a 31.8% drop due to the pandemic and a 25% tariff, resulting in a 35% decrease in value. Other major markets such as France, Germany, and Singapore also experienced declines. However, Scotland saw increases in Latvia and China. Overall, 1.14 billion bottles of Scotch whiskey were exported, marking a 13% decrease from the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Last year, Scottish whiskey export earnings hit a ten-year low. The reason is primarily “due” to the United States, where not only has demand fallen due to the coronavirus epidemic, but the U.S. criminal duty on certain European products has also hit the drink. In 2020, by the way, the consumption of Scotch whiskey increased only in Latvia and China, among the largest importing countries. In 2020, £ 3.8 billion worth of Scotch whiskey was exported, down 23 per cent from a year earlier, largely due to reduced demand due to the pandemic. The largest foreign market in the sector for decades is the United States. The value of whiskey exported here fell 31.8 per cent to £ 729 million. An important role in the downturn was the fact that the US government, along with other European products, will also impose a 25 per cent tariff on Scotch whiskey from October 2019. Since the introduction of the penalty, the value of Scotch whiskey shipped to the United States has fallen by 35 percent. ...

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