United Kingdom - Whisky - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWhisky Price in the UK - 2023
Contents:
- Whisky Price in the UK (FOB) - 2023
- Whisky Price in the UK (CIF) - 2023
- Whisky Exports in the UK
- Whisky Imports in the UK
Whisky Price in the UK (FOB) - 2023
In June 2023, the average whisky export price amounted to $8.2 per litre, waning by -10.2% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in July 2022 an increase of 6.7% m-o-m. Over the period under review, the average export prices reached the peak figure at $9.1 per litre in May 2023, and then dropped in the following month.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Taiwan (Chinese) ($17.8 per litre), while the average price for exports to India ($3.0 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Whisky Price in the UK (CIF) - 2023
In June 2023, the average whisky import price amounted to $8.9 per litre, jumping by 35% against the previous month. Overall, the import price recorded moderate growth. The growth pace was the most rapid in December 2022 when the average import price increased by 185% m-o-m. As a result, import price attained the peak level of $16.7 per litre. From January 2023 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($14.1 per litre), while the price for the United States ($6.0 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Whisky Exports in the UK
In 2022, exports of whisky from the UK surged to 1B litres, jumping by 21% compared with the year before. The total export volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, whisky exports skyrocketed to $7.8B in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 27%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Whisky in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,381 | 954 | 1,125 | 1,348 | -0.8% |
| France | 560 | 489 | 540 | 614 | 3.1% |
| India | 211 | 131 | 200 | 348 | 18.1% |
| Germany | 244 | 184 | 209 | 259 | 2.0% |
| Panama | 74.6 | 38.9 | 105 | 251 | 49.8% |
| Japan | 189 | 149 | 189 | 226 | 6.1% |
| Spain | 233 | 143 | 164 | 219 | -2.0% |
| Australia | 152 | 147 | 157 | 199 | 9.4% |
| Brazil | 85.0 | 73.8 | 127 | 188 | 30.3% |
| Netherlands | 152 | 120 | 152 | 168 | 3.4% |
| Mexico | 154 | 109 | 152 | 168 | 2.9% |
| Poland | 114 | 127 | 161 | 151 | 9.8% |
| South Africa | 152 | 107 | 106 | 130 | -5.1% |
| Others | 2,727 | 2,258 | 2,990 | 3,577 | 9.5% |
| Total | 6,428 | 5,032 | 6,379 | 7,845 | 6.9% |
Top Export Markets for Whisky from the UK in 2022:
- France (112.5M litres)
- India (102.5M litres)
- United States (90.8M litres)
- Brazil (64.4M litres)
- Spain (42.4M litres)
- Japan (41.5M litres)
- Germany (39.2M litres)
- Poland (33.5M litres)
- Mexico (32.1M litres)
- South Africa (25.8M litres)
- Australia (24.7M litres)
- Netherlands (23.9M litres)
- Panama (23.2M litres)
Whisky Imports in the UK
In 2022, the amount of whisky imported into the UK fell to 38M litres, which is down by -6.8% compared with the previous year's figure. Over the period under review, imports continue to indicate a pronounced shrinkage. The smallest decline of -1.9% was in 2020. Imports peaked at 43M litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, whisky imports fell to $215M in 2022. In general, imports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2020 with an increase of 11%. As a result, imports reached the peak of $253M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Whisky in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 105 | 82.9 | 87.5 | 115 | 3.1% |
| Ireland | 53.0 | 61.7 | 61.2 | 61.1 | 4.9% |
| Japan | 2.6 | 3.2 | 8.5 | 15.9 | 82.9% |
| France | 7.2 | 7.5 | 10.1 | 5.0 | -11.4% |
| Spain | 14.6 | 18.5 | 20.5 | 3.2 | -39.7% |
| Belgium | 24.0 | 34.2 | 27.0 | 0.1 | -83.9% |
| Others | 22.0 | 45.5 | 18.0 | 13.9 | -14.2% |
| Total | 229 | 253 | 233 | 215 | -2.1% |
Top Suppliers of Whisky to the UK in 2022:
- Belgium (undefinedM litres)
- United States (21.8M litres)
- Ireland (13.2M litres)
- Japan (0.8M litres)
- France (0.7M litres)
- Spain (0.6M litres)
This report provides an in-depth analysis of the whisky market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11011030 - Whisky (important: excluding alcohol duty)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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