Scotch export volumes slide on US tariffs

Core Insights - US tariffs have negatively impacted Scotch whisky exports, with global shipments down 4% in volume and 0.6% in value [1][2] - The value of Scotch exports reached £5.36 billion, equivalent to 1.3 billion bottles sold [1] - Exports to the US saw a significant decline, with volumes dropping over 9% and sales value decreasing by 4% to £933 million [1][2] Export Performance - The US imposed a 10% tariff on UK exports in April, leading to a 15% decline in Scotch export volumes and a 7% decrease in sales value from May to December [2] - Exports to France, the second-largest market for Scotch, also fell, with sales value down 3.6% and volumes down 14% [2] Growth Markets - In contrast, sales to India increased by 15% to £286 million, with volumes also rising by 15% [3] - India is now the largest market for Scotch in terms of volume, with sales reaching 220 million 70cl bottles last year [3]