FDBusiness.com

There are Now 32 New or Planned Irish Whiskey Distilleries

 Breaking News

There are Now 32 New or Planned Irish Whiskey Distilleries

There are Now 32 New or Planned Irish Whiskey Distilleries
October 14
09:46 2015

The Irish Whiskey Association has welcomed the official opening of the Connacht Whiskey Company stating that it will be good for jobs, tourism and the local economy in Mayo. The Association says that it is also a sign that broader growth in the sector has taken a firm hold across the country. In 2013, there were four distilleries in Ireland in operation producing and selling Irish whiskey and there are now 32 new or proposed distilleries across Ireland.

Earlier this year, the Irish Whiskey Association, which includes the Connacht Whiskey Company, launched a ‘Vision for Irish Whiskey’, a strategy document to support sustainable growth in the sector.

Irish whiskey industry facts and growth projections:

* Employment to grow by 30% by 2025, from 5000 to 6500

* Whiskey tourism to increase from 600,00 p.a to 800,000 in the medium term

* Annual exports are now worth over €300m, up 220% since 2003

* Exports are set to double by 2020, double again by 2030

* Exports to 77 markets: global market share to grow by 300% by 2030 from 4% to 12%

* The EU (43%) and US (45.5%) markets dominate for exports of Irish whiskey.

* Within the EU Latvia (10%) is the largest export destination (as a re-sale destination for Russia and the Baltic countries) just ahead of Germany (7.4%), France (6.4%) and the UK (4.9%).

* 2010-2025: investment of over €1.1bn, production to rise by 41%

* Domestic spend of €350m annually, supporting farming families.

IrishWhiskeyAssociationLogoMiriam Mooney, head of the Irish Whiskey Association, says: “The existing players have driven the global renaissance in Irish whiskey and now it is the fastest growing spirits category in the world. Irish whiskey has carved out its own niche in the global spirits market, relying on the traditional craft of Irish distilling and authentic heritage, underpinned by high-quality whiskey with a distinctive taste and broad appeal.”

She adds: “In the last decade, the category grew by almost 200%. The potential is massive when we compare Ireland to Scotland, with over 130 Scottish distilleries in operation, bringing investment and employment into rural areas.”


Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

[eventlist]

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements