Scotch whisky industry now in “a golden age”, says Benriach’s Walker - 29th August, 2012
Welcome to a press release from Benriach Distillery. This press release is about how whisky is developing in countries around the world not famous for their whisky drinking. These countries include Russia, China,Kazakhstan and Azerbaijan. Very interested reading and enjoy.
"east of Beirut, the world is booming"
BILLY WALKER, the scotch whisky veteran who resurrected the fortunes of BenRiach and GlenDronach, believes the industry has entered “a golden age”.
Mr Walker, who next week is going out to Mongolia to do tastings as part of a trade mission, is upbeat about the prospects for the industry.
“We really are in an extraordinary period which can definitely be classified as “a golden age”. The amazing thing about scotch whisky is that this little country of some 5.2m people has successfully secured the position of making scotch whisky the absolute international drink of choice. 140 million cases were exported worldwide in the last twelve months and exports generated over £4 billion for the UK balance of trade.
“But in many ways in the UK we have become obsessed with our own economic situation and we perceive the world to be the same. Yet, for whisky, the core markets were never really that depressed in spite of the economic indicators. And the truth is that, east of Beirut, the world is booming.
“Emerging markets like China and India haven’t got anywhere near where they will be yet. Mongolia where I’ll be next week is absolutely in its infancy but there will be opportunities, as there are with places like Kazakhstan and Azerbaijan. Add onto that Russia where the rouble has recovered and which is having a boom time just now. South America is clearly enjoying significant economic advantages as well. Mexico has become a big big market for scotch, and you’ve got untapped Africa waiting in the wings.
“That’s why the industry has to believe the data and forecasts feeding into these markets. It’s very encouraging but we’re only scraping the surface. So from an operational production point of view, the industry has to provide for this demand which will be for twelve years out. If you add them up, the total is greater than the sum of the parts, that’s for sure.
“That’s why we’re in this golden period which I believe will endure for quite some time. We don’t have the same industry shape that we had in the past; we’ve had so much consolidation and as a result it appears to me there are no weak players in the industry. In my opinion, that forms the fundamentals of a solid future.”
Have you seen all the whisky specials on offer at Loch Fyne Whiskies in Inveraray? All orders placed have next day delivery. Click to discover all these fantastic offers... Read More
World's largest private whisky collection set to sell for £8m Perth, Scotland in February 2020.
Published Date: 12th December 2019
The world’s largest ever private whisky collection, comprising 3,900 bottles, is poised to sell for a projected £8 million when it goes under the hammer in Perth next February. Further cementing Scotch whisky’s status as one of the most valuable investments on the market. Read more
-------------------------------------------------
Irish Distillers: New Packaging for Jameson Caskmates Series
Published Date: 27th November 2019
Irish Distillers, makers of some of the world’s most enjoyed whiskeys, has unveiled a packaging revamp for its Jameson Caskmates Series. Read more
-------------------------------------------------
Gordon & MacPhail Reveals Unique Single Malts For Christmas: Malts from Old Pulteney and Glenlivet
Published Date: 14th November 2019
Single malt whisky creator Gordon & MacPhail has unveiled a duo of special bottlings from its iconic Connoisseurs Choice range for Christmas gifting. Read more
-------------------------------------------------
Islay whisky collection up for auction in aid of RNLI: A Group of seven malt whiskies from each of Islay’s coastal distilleries Goes Under The Hammer
Published Date: 14th November 2019
The Islay Sea Collection, a group of seven malt whiskies from each of Islay’s coastal distilleries presented in a one of a kind display case is set to go under the hammer in this month’s Just Whisky auction with all proceeds going to the Portrush and Islay volunteer lifeboat crews. Read more
