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InchDairnie Whisky mulls “potential redundancies”
Yahoo Finance· 2025-10-15 18:26
Core Insights - InchDairnie Whisky is considering potential redundancies due to a global decline in whisky demand, although the exact number of jobs at risk is currently unknown [1][2] - The company employs 38 people and produces several whisky brands, including RyeLaw, KinGlassie, and Lauder's [2] - The company aims to implement structural changes to ensure future success amid challenging market conditions [3] Industry Overview - Scotch whisky exports have faced pressure, with a reported 3.7% decrease in value, dropping to £5.4 billion ($6.7 billion) in 2024 compared to 2023 [3] - Despite a 3.9% increase in volume to 1.4 billion bottles, the industry is experiencing shifts in consumer preferences and a challenging trading environment [4] - The Asia-Pacific region remains the largest market by value for Scotch exports at £1.57 billion, with notable growth in India (13.8%) and Japan (7.1%) [4] - However, the region also experienced a 12.4% decrease in export value, while volumes increased by 6% to 419 million 70cl bottles [5] - In China, Scotch exports value saw a significant drop of 31.5% to £161 million [5] - The EU accounted for 27.5% of global Scotch exports, with 488 million bottles exported, but values declined by 5.4% to £1.5 billion [5] - Key markets like France, Spain, and Germany showed mixed results, with France experiencing an 11.6% value decrease but a 1.9% volume increase [6] - The US market saw a 3% decline in export value to £1.2 billion, despite an increase in volumes to 132 million bottles, indicating economic challenges affecting consumer spending [6] - The Food and Drink Federation reported a 1% increase in whisky export revenues to £2.5 billion, while volumes fell by 3.1% [7]