EU Spirits Exports Increase By 24% In 2021

By: Trademagazin editor Date: 2022. 09. 12. 16:17

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EU spirits exports increased by 24% in 2021 compared with the preceding year to reach a value of €8.41 billion, according to spiritsEUROPE, which represents producers of alcoholic spirits at the EU level.

The current year is expected be far more challenging for the sector

This growth was mainly driven by reopening of the hospitality and tourism sectors globally and the suspension of retaliatory tariffs on EU spirits in the US.

The current year is expected be far more challenging for the sector, according to spiritsEUROPE, as rising inflation and supply chain disruptions will impact production costs and demand in Europe and other regions of the world.

spiritsEUROPE has called on the EU to support companies’ efforts in diversification to enhance their resilience in a challenging trading environment, through trade negotiations and agreements, market access and enforcement efforts, and promotion activities.

It also highlighted that an ‘open and ambitious’ EU trade policy can help protect jobs rooted in European regions, while acting as an engine for higher production standards and sustainable development worldwide.

European Supermarket Magazine