The export of whiskies from Ireland has shown a robust growth trend from 2013 to 2023. In 2023, the value stood at $938.14 million, marking a significant rise from $422.07 million in 2013. The last two years witnessed year-on-year growths of 9.97% in 2022 and 4.19% in 2023, with the five-year average annual growth rate (CAGR) at 3.88%, indicating a slowdown compared to previous years.
Looking forward from 2024 to 2028, the predicted annual growth rate (CAGR) is 3.01%, heralding a more modest increase. By 2028, the export value is anticipated to reach $1132.8 million, reflecting a forecasted five-year growth rate of 16%.
Future trends to watch for include:
- Potential impacts of global economic conditions on whiskey demand.
- Emerging markets' contributions to export volumes.
- Regulatory changes and their influences on trade.
- Consumer preferences shifting towards premium and craft whiskey offerings.
