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U.S. Whiskey Exports Set Record in 2023

While most drinks industry reports have been full of bad news in recent weeks, a new report released by the Distilled Spirits Council of the… Read More

While most drinks industry reports have been full of bad news in recent weeks, a new report released by the Distilled Spirits Council of the United States shows U.S. spirits exports have recovered from three years of European Union tariffs. Exports totaled $2.2 billion in 2023, up 8% over 2022, while American whiskey exports increased by 9% to a record $1.4 billion. Whiskies account for 63% of all U.S. spirits exports by value and 34% by volume.

In a news release, DISCUS Vice President of International Trade Rob Maron said “The tariffs imposed from 2018-2021 as part of two separate disputes between the U.S., EU and UK have since been suspended or removed, presenting U.S. spirits producers with an opportunity to recapture lost market share in some of the U.S.’s largest export markets. Over the span of two years, American Whiskey exports to the EU surged by more than 60%, climbing from $439 million in 2021 to $705 million in 2023.”

The 27-member bloc represents the largest export market for American whiskey, followed by Australia ($121 million), Japan ($106 million), the United Kingdom ($86 million), and Canada ($76 million). Tariffs remain suspended until March 31, 2025 while Washington and Brussels negotiate a trade deal on steel and aluminum exports, along with a separate dispute over aircraft subsidies.

The emphasis on whiskey exports can also be found on a state-by-state basis. Tennessee was the number one state for spirits exports ($983 million), largely on the basis of global demand for Jack Daniel’s Tennessee Whiskey. Bourbon exports pushed Kentucky to the number two position at $505 million, while exports of rum and other spirits put Florida in third place at $338 million.

The full report is available here.

2023: The Year in Whisky

A lot happened in the world of whisky during 2023, and with the help of WhiskyCast Community app members, we’ve identified the top ten whisky… Read More

A lot happened in the world of whisky during 2023, and with the help of WhiskyCast Community app members, we’ve identified the top ten whisky stories of the year. Join us as we count them down in the news, then listen as Milam & Greene’s Heather Greene shares her lessons on whisky entrepreneurship in WhiskyCast In-Depth. We’ll also have some of your year-end dramming choices in our Community segment, too.

Episode 1037: December 31, 2023

Links: Milam & Greene | Torabhaig Distillery | Smokehead | Lagavulin | Bruichladdich

A Whiskey Maker’s Holiday Treat

Alex Chasko is an Oregon transplant turned Dublin whiskey maker. He’s the master distiller and whiskey maker for Teeling Whiskey Company, and his latest creation… Read More

Alex Chasko is an Oregon transplant turned Dublin whiskey maker. He’s the master distiller and whiskey maker for Teeling Whiskey Company, and his latest creation is a 33-year-old Irish single malt finished in Pineau des Charentes casks. He’ll join us on this holiday edition of WhiskyCast. In the news, European and U-S trade negotiators extend a deal to avoid a return to tariffs on American whiskey exports, while another Scotch Whisky company is building a distillery in China.

Episode 1036: December 24, 2023

Never Say Die Bourbon: A Whiskey with a Back Story

The stories behind the whiskies we drink are almost as enjoyable as the whiskies, and the story behind Never Say Die Bourbon is an intriguing… Read More

The stories behind the whiskies we drink are almost as enjoyable as the whiskies, and the story behind Never Say Die Bourbon is an intriguing one. There’s a near-death experience, followed by success on horse racing’s grandest stage, and a side story linking it to the founding of The Beatles. Never Say Die co-founder Brian Luftman joins us to share that story on this week’s WhiskyCast. In the news, Chivas Brothers workers approve a new contract, Kentucky Bourbon distillers set more records, and the deadline to avoid European import tariffs on American whiskey is getting closer.

Photo courtesy Ninth House/Never Say Die Bourbon.

Making Whiskey in the Music City

Nelson’s Green Brier Distillery was once Tennessee’s largest distillery in pre-Prohibition times. The great-great-great grandsons of Charles Nelson revived the family business in downtown Nashville, and have been making Tennessee whiskey along with sourced Bourbons and now, a Rye Whiskey. The distillery underwent a major expansion recently, and we’ll talk with co-founder Andy Nelson on this week’s WhiskyCast In-Depth. In the news, time is running short to avoid a return to Europe’s import tariffs on American whiskies, while a new Wild Turkey Bourbon features something different…three generations of Russells on the label.

Episode 1028: October 29, 2023

Signed, Sealed, & Delivered: A Look at Contract Distilling

What do you call a distillery with no brands of its own? A contract (or custom) distiller creates whiskies for its clients, and many of… Read More

What do you call a distillery with no brands of its own? A contract (or custom) distiller creates whiskies for its clients, and many of Kentucky’s largest distillers have often sold excess capacity by distilling for others. Bardstown Bourbon Company pioneered the current wave of contract distillers in Kentucky, and co-founder David Mandell is now one of the partners behind the new Whiskey House distillery. It will focus exclusively on custom distilling for its clients, and David Mandell will explain why on this week’s WhiskyCast In-Depth. In the news, Midleton Distillery’s brand-new visitors center is closed after this week’s flooding caused extensive damage, while time is running out to avoid a return to tariffs on exports of American whiskies to Europe.

Episode 1027: October 22, 2023

The Risks of Whisky Investing

Valuations for rare whiskies have started to slow down after being one of the best performing alternative investments over the last ten years. The latest… Read More

Valuations for rare whiskies have started to slow down after being one of the best performing alternative investments over the last ten years. The latest Knight Frank Luxury Investment Index shows a four percent decline year-over-year in the value of the rare whiskies that make up the index. Is this the start of a trend? We’ll ask rare whisky consultant Andy Simpson, who helps compile the index for Rare Whisky 101.

In the news, Scotch Whisky exports fell during the first six months of 2023 compared to last year, with a sharp 20 percent decrease in volume. Irish whiskey exports rose during 2022, according to a new report released this week, and Hedley Wright, the longtime chairman of Springbank owner J&A Mitchell Co. Ltd. passed away this month at the age of 92.

Episode 1018: August 20, 2023

Reviving Rosebank Distillery After 30 Silent Years

When Rosebank Distillery’s stills went silent in 1993, many whisky lovers assumed the Falkirk distillery was gone forever – especially after thieves stole the copper… Read More

When Rosebank Distillery’s stills went silent in 1993, many whisky lovers assumed the Falkirk distillery was gone forever – especially after thieves stole the copper stills for scrap a couple of years later. Now, after 5 and a half years of work, Rosebank has come back to life, and the team at Ian Macleod Distillers filled the first casks of Rosebank since 1993 this week. We’ll talk with Ian Macleod’s Gordon Dundas about the revival of Rosebank on this week’s WhiskyCast In-Depth.

In the news, the whisky world pays tribute to the Bon Accord’s Paul McDonagh after the legendary Glasgow whisky bar’s owner passed away this week. Speyburn Distillery in Scotland is opening its doors to visitors for the first time starting next week, and we’ll have the details. We’ll take a look at sweet mash and sour mash distilling on Behind the Label, and our tasting notes this week include whiskies from Amrut and Arran distilleries.

Episode 1014: July 23, 2023

Photo courtesy Ian Macleod Distillers

American Spirits Exports Reach Record High

March 12, 2023 – American distillers exported a record $2.06 billion in spirits during 2022, a 30 percent gain over 2021 as the temporary end of tariffs on Bourbons and other American whiskies helped exports rebound. According to a new report from the Distilled Spirits Council, American whisky exports grew 32 percent with a value of $1.28 billion during the year. “Growth to the European Union and United Kingdom lagged behind other markets,” DISCUS Vice President of International Trade Rob Maron told WhiskyCast in a telephone interview. Both trade partners ended their punitive tariffs on American whisky exports in 2022, Read More »

March 12, 2023 – American distillers exported a record $2.06 billion in spirits during 2022, a 30 percent gain over 2021 as the temporary end of tariffs on Bourbons and other American whiskies helped exports rebound. According to a new report from the Distilled Spirits Council, American whisky exports grew 32 percent with a value of $1.28 billion during the year.

“Growth to the European Union and United Kingdom lagged behind other markets,” DISCUS Vice President of International Trade Rob Maron told WhiskyCast in a telephone interview. Both trade partners ended their punitive tariffs on American whisky exports in 2022, though Maron noted the tariffs could return if no agreement on sustainable steel and aluminum trading is reached with the Biden Administration by this October.

“We urge the Biden administration to secure the permanent removal of these tariffs. If an agreement on steel and aluminum is not reached with the EU before the end of 2023, the EU will reimpose its retaliatory tariff at 50% on American Whiskeys. That will bring this renewed interest in American Whiskey among EU consumers to a screeching halt,” Maron said.

While the end of tariffs helped push export sales, the report also found shifting consumer preferences toward premium and luxury spirits, along with the gradual reopening of the hospitality sector following pandemic-related closures.

The 27-member European Union remains the single largest export market for U.S. spirits at $703 million, more than double Canada’s second-place ranking at $268 million. The United Kingdom ($159 million), Australia ($141 million) and Japan ($113 million) round out the top five export markets by value.

Links: Distilled Spirits Council