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NEWS

Decline of local spirits leads to global decline says IWSR

IWSR

According to a recently released IWSR report, the global spirits market declined -0.1% in 2014, a loss of 3.1m nine-litre cases. While consumption of local spirits in Asia-Pacific and Africa & Middle East remind in growth, local spirits declined -7.4m cases globally. Imported spirits grew 4.3m cases, though not enough to offset the global decline.

The Americas, CIS and Europe posted declines in consumption of local spirits; the decline of cachaça in Brazil and vodka in Ukraine contributed highly to this. Imported spirits continued to grow in the Americas and Europe, albeit it at a slower pace than in 2013. Whisk(e)y and flavoured spirits are driving growth in the Americas. Whisk(e)y and gin are performing well in Europe, while flavoured spirits and vodka are falling out of favour.

Africa & the Middle East saw the largest growth in percentage terms of total spirits consumption; the region gained 1.2m of local spirits and 1.5m of imported spirits, asserting itself as a key region for growth and investment.   Cross-category switching and economic influences are key factors in the decline of some local spirits markets.

Whisk(e)y was the largest-growing category globally, adding 10m cases and growing in its domestic and export markets. India, the US and Angola were the top three largest-growth markets.   Imported wine consumption remained flat, while local wines declined -1.5%. The CIS saw the largest decline in wine consumption as the region struggles with the effects of conflict and economic instability. The global wine market fell -1.1% in 2014, a loss of 39.5m cases.   Global consumption of beer also declined in 2014 versus 2013, while cider and mixed drinks reported growth.

About Rojita Tiwari

Drinks & Destinations is all about news, views, podcast, and stories from the world of drinks, travel, and hospitality…served just the way you like it. Rojita Tiwari is an independent writer, trainer, and consultant in the fields of wine & spirits, travel & hospitality. She is a WSET Level 3 certified professional and listed twice (2013 and 2015) as one of the TOP TEN WOMEN OF WINE IN INDIA by the Indian Wine Academy. With 14 years of experience of working for several publications including a decade-long experience of heading the editorial of a leading alco bev magazine, now she is mostly busy- tasting, traveling, writing, training and educating people about the wonderful world of wine & spirits. She also hosts India's first podcast on drinks and travel - The Drinks & Destinations Podcast. Tweet @rojitatiwari or connect with her on drinksanddestinations@gmail.com Cheers & Happy Reading!

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