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Swamptiger
Posted on: February 12, 2021 at 21:15:13 CT
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The Scotch Whisky Association (SWA) said exports fell by more than £1.1bn as Covid-19 and a 25% tariff in the United States hit distillers hard.
In 2020, Scotch whisky exports fell 23% by value to £3.8bn.
SWA found the value and volume of exports to most of Scotch whisky's top 10 markets fell as countries went into lockdown to combat the spread of Covid.
The closure of hospitality and travel restrictions hit airport retail globally, with export values falling in 70% of Scotch whisky's global markets, compared with 2019.
Scotch whisky's most valuable market, the US, registered the most significant losses as a result of tariffs imposed on single malts by the US in retaliation against EU subsidies given to aircraft maker Airbus.
In 2020, Scotch whisky exports fell 23% by value to £3.8bn.
SWA found the value and volume of exports to most of Scotch whisky's top 10 markets fell as countries went into lockdown to combat the spread of Covid.
The closure of hospitality and travel restrictions hit airport retail globally, with export values falling in 70% of Scotch whisky's global markets, compared with 2019.
Scotch whisky's most valuable market, the US, registered the most significant losses as a result of tariffs imposed on single malts by the US in retaliation against EU subsidies given to aircraft maker Airbus.
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Swamptiger - Ace AU - 2/12 21:15:13