Spirit US exports reached a record of $ 2.4 billion in 2024, largely driven by tariff concerns and continuous world commercial disputes.
That is in accordance with the US Spirit Export Report published by the Commercial Association, the United States distilled spirits on Thursday.
“The exports of the US spirits. UU. They reached a new maximum in 2024, recovering the lost market share since the United Kingdom and the EU raised retaliation rates that were applied between 2018-2021,” said the president and CEO of Discus, Chris Swonger. “Unfortunately, ongoing commercial disputes not related to our sector have caused uncertainty, keeping many US distillmen outside and reducing sales growth.”
The exports of the US spirits.
In March, Trump threatened to put 200% tariffs on the French champagne and other EU spirits, which led European world leaders, specifically from Ireland, France and Italy, to advocate Bourbon rates not to return as part of retaliation measures.
The threat of that specific rate has faded a bit as the US and the EU continues trade negotiations.
Approximately 50% of the US spirits. UU. Were exported to the EU, for a total of $ 1.2 billion, which makes it the largest export market.
However, exports to the rest of the world decreased by almost 10%, according to the report, reflecting the wider soft alcohol category.
Antory Beam, Japanese whiskey manufacturer Beam Beambon, said in December that he was preparing for tariffs by accumulating supply in Europe. The company already depends largely on France and the United Kingdom, which constitutes more than 50% of its global export market in the last eight years, according to global commercial data.
According to the report, several of the main states for exports in 2024 are significant Bourbon economies.
The 5 main states exported by the spirits of the United States:
- Tennessee ($ 934 million)
- Kentucky ($ 751 million)
- Texas ($ 354 million)
- Florida ($ 334 million)
- Indiana ($ 142 million)
Even so, American whiskey exports, which represented 54% of all exports of US spirits., Cumeron 5.4% to $ 1.3 billion.
Swongger said that while Outlook for Spirits remains highly unpredictable with ongoing commercial disputes, a fact sounds true in the data: exports go to countries that have eliminated tariffs.
“We are grateful for the early success of President Trump in ensuring the reduction of India of his tariff against the Bourbon of 150% to 100%,” Swonger said. “We hope that the administration is based on this positive impulse by ensuring additional rates reductions in India and reducing commercial barriers in other countries.”
The winds against the industry remain. Canada, the second largest market for exports of the US spirits. UU., Imposed a 25% rate on alcohol that approaches the border in March, and several The provinces have eliminated the shelves product.
The distiller and brewers also face steel and aluminum rates that impact the costs of materials for brewers such as Constellation Brands, which significantly reduced the long -term orientation 2027 and 2028 around “the anticipated impact of tariffs.”
