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Irish Whiskey News -January 31 – 2018

This week our Irish Whiskey News features articles on Walsh Whiskey and Illva Saronno parting ways and Irish alcohol exports worth €1.25 billion in 2018.

So let’s see what’s been happening this week in our Irish whiskey news.

Irish Whiskey News -January 31 - 2018 - Writers Tears

Walsh Whiskey and Illva Saronno dissolve joint venture

Walsh Whiskey said the separation is the result of the firm’s Italian and Irish directors disagreeing “on how to develop the combined business into the future”, despite current sales, marketing and distilling targets “being fully met”. The dissolution of the joint venture will result in the separation of the existing drinks brands business, which includes the Writers’ Tears and The Irishman Irish whiskey brands, from the distilling operations at the Royal Oak Estate in County Carlow.

The Irish directors will now take full control of the brand’s arm and will retain the Walsh Whiskey name for the business. The firm also stressed that Writers’ Tears and The Irishman will have “uninterrupted availability”. The Italian firm will assume full ownership of the distillery based at the historic Royal Oak Estate, which will be renamed Royal Oak Distillery. Illva Saronno will aim to “further enhance” the site as a “centre of excellence in Irish whiskey” through the improvement of its technology and processes.

Irish Whiskey News -January 31 - 2018 - whiskey industry

Irish Alcohol Exports Worth €1.25bn in 2018

According to Bord Bia’s Export Performance & Prospects 2018-2019 report. The report found that Irish alcohol drinks exports were worth €1.25bn in 2018. The US remains the largest market for Irish beverage exports, followed by the UK, Canada, Germany and France.

Irish Whiskey – Consumption of Irish whiskey levels globally are expected to exceed 10m cases by the end of 2018 for the first time. Notably, in 2018 the US market for Irish whiskey grew by more than 10%.

Irish Cream Liqueur – Irish cream liqueur has also enjoyed a strong performance with growth of 9% in value, achieving sales of over 7.9m cases in 2018, up from 7.2m in 2017.

Beer – The value of beer exports fell marginally in 2018, but the volume increased by 9%. This was as a result of positive performance on the European continent and reflects a continuing trend from 2017.

Gin – Irish gin is emerging as a category for the international consumer, set to be worth more than €5m in exports in 2018.

Patricia Callan, Director of Alcohol Beverage Federation of Ireland (ABFI), said: “Today’s report proves that Ireland’s drinks industry is an export powerhouse, going from strength to strength. “Looking forward, the outlook for 2019 remains positive, driven by the popularity of premium brands and the growth of Irish whiskey in key international markets like the US.”

Thanks again for reading our Irish Whiskey News.

Andrew

The Whiskey Experts

The Whiskey Experts  – Irish Whiskey News © 2018


For more information, visit our website or email us at info@thewhiskeyexperts.ie

Irish Whiskey News – February 28 – 2018

This week our Irish Whiskey News features articles Pernod Ricard moving into the US with their Method and Madness range and Alltech Craft Brews Fair is back for 2019.

 So let’s see what’s been happening this week in our Irish whiskey news.

Irish Whiskey News - February 28 - 2018 - Method and Madness

Pernod Ricard eyes US launch for Method and Madness

Pernod Ricard is to launch its Method and Madness Irish whiskey range in the US next year amid an increased focus on craft spirits. Method and Madness Irish whiskey was launched in 2017 from Irish Distillers’ Midleton distillery

Speaking to just-drinks yesterday, strategy, insights and innovation director at Pernod’s Irish Distillers unit, Brendan Buckley, said a US launch for Method and Madness Irish whiskey should happen in 2020. He said discussions with Pernod’s US unit were still at an early stage and it was not yet clear which states the range will launch in first. “Method and Madness is a very different proposition to other Irish Distillers whiskies, and the US market is fragmenting so if you want to keep share in a fragmenting market you need more propositions,” Buckley said.

 Irish Whiskey News - February 28 - 2018 - Craft Brews

Ireland’s largest craft drinks gathering returns

The Alltech Craft Brews and Food Fair, Ireland’s largest craft drinks event, has been announced as part of the St. Patrick’s Festival for 2019. Returning to the Convention Centre Dublin from 14th-16th March, Alltech Brews will showcase more than 300 beers, ciders and spirits from Ireland’s leading craft drinks producers who are at the heart of a vibrant and innovative industry.

Exhibitors at this year’s event acknowledge that issues such as market saturation, the Government’s Public Health Alcohol Bill and the introduction of so-called ‘craft’ brands by large multinationals are putting pressure on the industry. In addition over 50% of exhibitors have developed or are in the process of developing tourist attractions connected to their brewery or distillery.

Thanks again for reading our Irish Whiskey News.

Andrew

The Whiskey Experts

The Whiskey Experts  – Irish Whiskey News © 2018


For more information, visit our website or email us at info@thewhiskeyexperts.ie

Irish Whiskey News -January 17 – 2018

This week our Irish Whiskey News features articles on a big increase in visitor numbers to Irish whiskey distilleries last year and how Irish beverage exports are increasing.

So let’s see what’s been happening this week in our Irish whiskey news.

Irish Whiskey News -January 17 - 2018 - whiskey distillery

Visitors to Irish Whiskey Distilleries Up 13% in 2018

The Irish Whiskey Association (IWA) has published statistics which show that there were 923,000 visitors to Irish whiskey distilleries in 2018. This marks a 13.4% increase on 2017 when visitor numbers reached 814,000. The figures are based on returns from 13 Irish whiskey distillery visitor centres and brand homes located across the island of Ireland.

Overseas visitors made up 88% of total visits to Irish whiskey distilleries in 2018, with the largest number of visitors coming from the US and Canada (40%), followed by the UK (14%), Germany (8%) and France (7%). Visitors from the island of Ireland (North & South) accounted for 12% of total visits in 2018. The 13 Irish whiskey visitor centres and brand homes directly employed 356 staff in 2018, including seasonal posts. The results show that the industry is well on track to reach target visitor numbers of 1.9 million by 2025, as set out in the Irish Whiskey Tourism Strategy.

Irish Whiskey News -January 17 - 2018 - whiskey liquer

Whiskey and cream liqueur drive Irish beverage exports

The volume of Irish beverage exports grew 4% in 2018, according to Bord Bia, the Irish food board.  Irish whiskey is enjoying record growth – now accounting for 42% of total beverage exports – thanks to global interest in the whiskey category. In 2018 the value of exports increased by €45m ($51m) to €623m ($712m).

“Whiskey consumption levels globally are expected to exceed the projected 10m cases by end 2018 for the first time. This represents an increase of 9% in volume on 2017 and almost 12% in value terms,” says Bord Bia.

Irish beverage exports were valued at €1.5bn ($1.7bn), a year on year decline of 1%, but the sector is showing volume growth of 4%. The US is the dominant destination for Irish beverage exports: with €567m ($648m) – 38% of the total -destined for the US in 2018. Of this, 60% was whiskey, which increased in value of exports to the US by 9% in 2018.

Thanks again for reading our Irish Whiskey News.

Andrew

The Whiskey Experts

The Whiskey Experts  – Irish Whiskey News © 2018


For more information, visit our website or email us at info@thewhiskeyexperts.ie