Record revenue from Scotch Whisky

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Revenue generated from Scotch whisky exports has reached a record £4.27bn despite a small drop in the quantity of whisky exported.

The industry has experienced rapid growth in recent years but the volume of exports fell by 5% in 2012.

The revenue generated contributed to one quarter of the UK’s total food and drink exports.  The increased revenue was put down to an increase in demand for more expensive blended whisky and single malts.

Gavin Hewitt, chief executive of the Scotch Whisky Association, said: “Scotch whisky continues to lead the way for UK food and drink exports.

“A combination of successful trade negotiations, excellent marketing by producers, growing demand from mature markets, particularly the USA, and the growing middle class in emerging economies helped exports hit a record £4.3bn last year.

“There is confidence in the future of the industry, illustrated by the £2bn capital investment that Scotch whisky producers have committed over the next three to four years. New distilleries have opened and older ones brought back to use to meet rising demand.”