Statistics: Koreans’ whiskey and wine consumption has dropped by one liter and one liter this year

Published 2023년 11월 23일

Tridge summary

According to data from the Korean Customs Service, whiskey consumption in South Korea has increased this year, reaching close to the highest single-year record. The popularity of the cocktail "Hi-Bang", which consists of whiskey and carbonated drinks, is driving up whiskey consumption. On the other hand, wine consumption has declined for two consecutive years, with import volumes falling and import values decreasing.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Yonhap News Agency, Seoul, November 23rd According to a set of statistical data released by the Korean Customs Service (Customs) on the 23rd, Koreans’ whiskey consumption increased this year compared with the previous year, while wine consumption has declined for two consecutive years. ​ Data show that from January to October this year, whiskey imports increased by 26.8% year-on-year to 26,937 tons. This value is close to the highest single-year record in 2002 (27,379 tons). This year, the annual import record has been refreshed by almost 10%. A foregone conclusion. Analysts pointed out that the cocktail "Hi-Bang", which is a mixture of whiskey and carbonated drinks, is very popular in South Korea, driving up the consumption of whiskey. ​ It is worth noting that the import value of whiskey increased only 1.5% year-on-year to US$221.46 million. This means that the import volume of low-end whiskey is relatively large. An industry insider said that "high-end" needs to be added ...
Source: Foodmate

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.