trade - BourbonSphere

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

Scotch Whisky Exports Down in 2023

Scotch whisky exports declined in both value and volume during the first half of 2023, according to a new report from the Scotch Whisky Association.… Read More

Scotch whisky exports declined in both value and volume during the first half of 2023, according to a new report from the Scotch Whisky Association. The report, based on HMRC statistics, shows a 3.6 percent decline in the value of Scotch Whisky exports over the first six months of 2023 compared to the same period a year ago. It should be noted that the first six months of 2022 set a record for both export value and volume as markets grew and restocked following the pandemic. The volume of Scotch whisky exports was down by 20 percent over 2022’s record volume.

SWA executives characterized the findings as part of a global trend toward premiumization in the spirits category as consumers drink less, but better. According to SWA Chief Executive Mark Kent, “around the world, we continue to see the same trend – consumers drinking less overall and switching to higher quality spirits like Scotch Whisky. Premiumisation in the spirits category didn’t start during Covid-19, but the pandemic certainly accelerated the trend, and it remains the case that consumers are trading up, enjoying premium spirits, and consuming fewer units of alcohol. Scotch Whisky remains well placed to benefit from this shift.”

France reclaimed its long-standing position as the top export market by volume with 88 million (700ml equivalent) bottles, despite a 12.6 percent decline from 2022. India, which had previously displaced France as the volume leader, recorded a 31.4 percent decline to 72 million bottles. The United States ranked third with 59 million bottles even though overall exports were off by 14.9 percent.

The U.S. continues to lead by value of exports with £437 million worth of Scotch Whisky imported during the first half of the year. However, that represents a 5.1 percent decline from 2022. France gained four percent to £235 million to finish second once again, while Singapore’s role as an Asian shipping hub helped push exports up by 59 percent to £165 million. Taiwan and China both reported strong gains to round out the top five.

The premiumization trend is most obvious in the Asia-Pacific countries, since none of those three crack the top ten in terms of value and the wider region reported a 13.5 percent gain in export value. The European Union gained 3.8 percent by value, while the non-EU European countries showed a 14.5 percent gain. North America, the Middle East and Africa, and Central and South America all reported declining exports.

This story was published August 17, 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