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Irish Whiskey exports predicted to double by 2020

Written by Robert McHugh, on 11th Jan 2017. Posted in General

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New data released by Bord Bia today shows that beverage exports increased by 4% to €1.4 billion in 2016. Whiskey exports were a key driver of growth and jumped by 8% to reach €505 in 2016. 
 
Irish whiskey exports have recorded a fourfold increase over the last decade making it the fastest growing global spirits category and over €1 billion will be invested in Irish whiskey distillery projects between 2010 and 2025. 

In 2015, Ireland had sales of over 7.7 million 9 litre cases to over 100 countries worldwide. This figure is set to exceed 12 million cases by 2020 and 24 million cases by 2030. In 2013, there were just 4 distilleries in Ireland, today there are 16 in production and 13 in planning in 18 counties across Ireland. 

The growth in Irish Whiskey exports is driven by strong demand in the United States, Eastern Europe, Germany and the UK. Growth was also recorded by cream liqueurs and beer with total exports of €305 million and €290 million respectively.
 
Director of Alcohol Beverage Federation of Ireland (ABFI), Ross MacMathúna says, "The drinks industry is the export powerhouse delivering growth for our food and drinks sector, and is wholly committed to making a make a valuable contribution to Ireland’s exciting agri-food sector despite the political and economic uncertainty in the wake of Brexit."

Source: www.businessworld.ie

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