Whisky imports surge 40% through August, suggesting record
South Korea's whiskey imports surged by 40 percent year-on-year through August, signaling the potential for record-breaking annual inbound whiskey shipments this year.
Whiskey product imports totaled 22,799 tons in volume from January to August this year, marking a significant increase from 16,267 tons recorded during the same period in 2022, according to data from the Korea Customs Service.
If the current import trend continues, this year's volume is likely to surpass the 2002 record of 27,379 tons by the year-end.
The whiskey import volume had experienced a multi-year decline, dropping from 19,837 tons in 2019 to 15,923 tons in 2020, the first year of the pandemic, and further to 15,662 tons in 2021. However, it surged substantially last year, reaching 27,038 tons.
But the large leap in the volume of imports has not yet translated into a rise in the value.
Whiskey imports amounted to around $183 million in value in the first eight months, marking a 5.7 percent increase compared to the same period last year. This is small compared to the 40 percent rise in volume. This can be attributed to a significant rise in imports of low-priced products.
The rising popularity of highball cocktails among South Korean millennials and Generation Z, born between the 1980s and 2000s, where whiskey is mixed with carbonated water or tonic, has significantly fueled the importation of affordable whiskeys.
(责任编辑:여행)
下一篇:이준석, 눈물의 회견…尹대통령 향해 "與 묵언 수행 저주 풀라"
- ·Tving streams 2023 MTV VMAs
- ·[Bills in Focus] Eased land use within industrial complexes, tackling faulty construction
- ·[From the Scene] Whimsical circus workshop offers fun workout
- ·Expressway traffic congestion persists on 2nd day of extended Chuseok holiday
- ·S. Korean industry minister visits Africa for World Expo bid, economic ties
- ·Memorials commemorating Itaewon crowd crush to be erected at accident site
- ·Number of deaths in cycling accidents soars
- ·Apple under fire for ‘overpriced’ iPhones
- ·Jarasum Jazz Fest to kick off Friday
- ·PM orders measures to prevent public opinion manipulation on web portals
- ·Seoul shares open higher on US gains
- ·SK invests in US data specialist Glassdome
- ·Seoul shares close tad lower amid mixed US rate outlook
- ·반도핑기구 “아시안게임 북 인공기 게양에 조치 취할 것”
- ·[Our Museums] Discover wisdom of hanok at Eunpyeong History Hanok Museum
- ·Doosan Robotics shares debut at double IPO price
- ·윤 대통령 “국민소통·현장소통·당정소통 강화하라”
- ·[Today’s K
- ·Hyundai Glovis to go net
- ·'No Japan?' Korea swings from extreme rejection to selective embrace
- ·Seoul subway workers vote for strike plan
- ·[Herald Interview] Kim Nam
- ·Where is Blackpink headed?
- ·Fifty Fifty’s agency, Attrakt, files W1b compensation claim against The Givers
- ·김성원 여의도연구원장 "공천장사 지라시, 허위사실 유포로 고소"
- ·Seoul shares close tad lower amid mixed US rate outlook