The export of whiskies from the US has seen various fluctuations over the past decade. In 2023, the export value stood at 1.5306 billion US dollars. The year-on-year variations reflect some volatility, with significant declines observed in 2016 and 2020. However, there has been a recovery in recent years, with a steady growth trend since 2021. The compound annual growth rate (CAGR) over the last five years stands at a modest 2.39%, indicating slow but consistent growth.
As we move forward into the forecasted period (2024-2028), we can expect a continuation of this stable trend with a forecasted CAGR of 1.77% over the next five years. This growth rate suggests a controlled expansion of whiskey exports.
Future trends to watch for include:
- Impact of global economic conditions on consumer spending and demand for premium spirits.
- Potential trade agreements or tariffs that could affect export volumes and values.
- Shifts in consumer preferences towards craft and specialty whiskies.
- Increasing competition from other whiskey-producing countries.
