logo
New Zealand's emerging whiskey industry finds a global audience with export prices more than Ireland and the US

New Zealand's emerging whiskey industry finds a global audience with export prices more than Ireland and the US

Time of Indiaa day ago
New Zealand, traditionally recognized for its wine, wool, and scenic vistas, is becoming an unexpected player in the global whiskey market. While whiskey exports brought in a relatively modest $1.3 million USD in 2024, industry analysts note that it's the pace and positioning, not the volume, that's drawing attention
Fueled by favorable climate conditions,
experimental distilling methods
, and increasing global demand for
premium small-batch spirits
, New Zealand distillers are finding success abroad.
Its average export price, $11 per liter, well above the global average, places it in the same pricing tier as Japan's emerging craft distilleries and higher than bulk exports from Ireland or the US, which often range between $4–$7 per liter. This signals not mass production but rising luxury positioning.
Play Video
Pause
Skip Backward
Skip Forward
Unmute
Current Time
0:00
/
Duration
0:00
Loaded
:
0%
0:00
Stream Type
LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
1x
Playback Rate
Chapters
Chapters
Descriptions
descriptions off
, selected
Captions
captions settings
, opens captions settings dialog
captions off
, selected
Audio Track
Picture-in-Picture
Fullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text
Color
White
Black
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Text Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Transparent
Caption Area Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Transparent
Semi-Transparent
Opaque
Font Size
50%
75%
100%
125%
150%
175%
200%
300%
400%
Text Edge Style
None
Raised
Depressed
Uniform
Drop shadow
Font Family
Proportional Sans-Serif
Monospace Sans-Serif
Proportional Serif
Monospace Serif
Casual
Script
Small Caps
Reset
restore all settings to the default values
Done
Close Modal Dialog
End of dialog window.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Elegant New Scooters For Seniors In 2024: The Prices May Surprise You
Mobility Scooter | Search Ads
Learn More
Undo
The country's whiskey roots date back to the 19th century but faced significant setbacks during local Prohibition periods. A commercial revival began in the 1970s with Willowbank Distillery, which closed in 1997. That closure marked a turning point, as remaining barrels were bottled by The New Zealand Whisky Collection and introduced to a global market eager for new flavor profiles.
Today, a new wave of distilleries, including Cardrona, Pokeno, Scapegrace, and Thomson, is redefining New Zealand whiskey. With limited infrastructure, these producers have had to innovate: sourcing local barley, building cooperages from scratch, and experimenting with aging in Pinot Noir barrels or native totara wood casks.
Live Events
New Zealand's varied climate, from the humid Northland to the alpine Cardrona Valley, accelerates maturation and contributes to the whiskey's complexity. Legal home distilling has also fostered a culture of experimentation, helping inspire the next generation of commercial producers.
Exports to Australia, Singapore, Germany, and the UK have seen year-over-year growth of up to 30%, and bottles are increasingly featured at global tasting events. To ensure consistency and build international trust, Distilled Spirits Aotearoa introduced voluntary quality standards in 2021, helping to formalize the category.
As of mid-2025, New Zealand's whiskey sector is small but gaining recognition, offering a distinctive alternative in a crowded global market.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Luxury sector pins hopes on Middle East despite clouds from conflict
Luxury sector pins hopes on Middle East despite clouds from conflict

Time of India

time27 minutes ago

  • Time of India

Luxury sector pins hopes on Middle East despite clouds from conflict

HighlightsLuxury sales in Gulf countries increased by 6 percent to USD 12.8 billion last year, outpacing a global drop of 2 percent, driven by strong demand for high-end fashion, jewelry, and beauty products. The Middle East's luxury market heavily relies on tourism, with an estimated 50-60 percent of luxury sales coming from tourists, highlighting the importance of maintaining visitor numbers amid regional unrest. Despite recent volatility due to geopolitical tensions, brands like Prada and Hermes reported significant sales growth in the region, with Prada's first-quarter sales rising by 26 percent year-on-year. With Middle East airspace reopening and the U.S.-brokered ceasefire between Israel and Iran appearing to hold, the luxury sector is still counting on the region's wealthy shoppers to help offset weakness in its main U.S. and Chinese markets - for now. The Middle East, helped by strong tourist flows and local wealth, has bucked a recent global slowdown in luxury sales that is expected to deepen this year, with some brands growing sales there at double-digit rates. Luxury sales in Gulf countries were up 6 per cent to USD 12.8 billion of the nearly USD 400 billion market last year, outpacing a global drop of 2 per cent , with strong appetite for high-end fashion, jewellery and beauty products, retail consultant Chalhoub Group said. However, that trade is heavily dependent on the region's burgeoning tourist trade, with consulting firm Bain estimating that some 50-60 per cent of the Middle East's luxury sales come from tourists. This month's outbreak of an air war between Israel and Iran emphasised the ongoing risks in a region in which unrest was already simmering, with airlines cancelling flights and rerouting planes following Israel's strikes against Iran on June 13 - measures that are now being unwound. "At this point, we have not adjusted our long-term growth forecast, as we continue to see considerable potential in the region," said Federica Levato, senior partner at Bain. "However, short-term volatility has increased in the last few weeks and may continue, depending on how the situation develops." The region is an important hub for travel spending, favoured by Russian oligarchs but also wealthy Asians, and has increased in importance since Russia's invasion of Ukraine triggered sanctions and the rerouting of flights between Europe and Asia from more northerly routes to the Middle East. It also serves as a gateway for high-end brands to reach wealthy shoppers from India, where high tariffs have kept companies like LVMH from expanding store networks. Max Heinemann, co-CEO of travel retail group Gebr Heinemann, which recently expanded into Saudi Arabia and operates airport fashion retail stores carrying luxury brands in Jeddah, said the region's travel market has shown long-term resilience despite unrest. He remains optimistic. "Dips may be witnessed, but growth will remain," he said. At Prada, first-quarter sales in the region rose 26 per cent year-on-year, while Hermes' sales there were up 14 per cent . High-end fashion and jewellery brands have been opening new stores and hosting splashy events. Milan-based menswear label Zegna this month took its spring collection to the opera house in Dubai, the region's leading luxury hub, for a catwalk show in an elaborate set evoking an Italian villa. Elie Saab held its 45th anniversary show in Riyadh last November, featuring a performance from Celine Dion. Dior, Saint Laurent and Valentino last year opened stores in Bahrain, while this year Louis Vuitton brought guests to the Dubai desert for a dawn meal and Chanel hosted a dinner in Abu Dhabi linked to a high jewellery launch. But maintaining visitor numbers to Middle Eastern destinations will be vital to bringing shoppers through the doors. Luxury travel agency Global Travel Moments says that for now, its long-term travel volumes to the Middle East have been unaffected by the latest unrest. However, given recent events, there is currently "certainly more caution" before finalizing trips to the broader Middle East, it said.

Bihar CM announces cash incentives for youth up to Rs 6,000 ahead of crucial state polls; Check details
Bihar CM announces cash incentives for youth up to Rs 6,000 ahead of crucial state polls; Check details

Time of India

time28 minutes ago

  • Time of India

Bihar CM announces cash incentives for youth up to Rs 6,000 ahead of crucial state polls; Check details

Ahead of crucial state elections, Bihar Chief Minister Nitish Kumar announced cash incentives for the youth, with Class 12th getting Rs 4000, ITI or diploma holders will be given Rs 5000, and graduates or postgraduates undertaking internships will be given a monthly amount of Rs 6000. Additionally, one lakh youth from the state will be provided internships in various institutions from 2025-26 to 2030-31. "I am pleased to inform that under the 7 Nischay-2 initiative , the Cabinet has approved and sanctioned funds for the implementation of the 'Chief Minister-Promotion of Readiness, Awareness and Technical Insights for Guiding Youth Advancement' scheme to provide Bihar's youth with advanced skills, better employability, leadership development, strong networking, and new opportunities for career enhancement. This scheme will prove useful for the youth in shaping their future. Under this scheme, trained youth who have passed the 12th Class will be given Rs 4000, ITI or diploma holders will be given Rs 5000, and graduates or postgraduates undertaking internships will be given a monthly amount of Rs 6000. One lakh youth from the state will be provided internships in various institutions from 2025-26 to 2030-31," said Nitish Kumar. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo

US Dollar has worst start since 1973  - key reasons behind the stunning slide
US Dollar has worst start since 1973  - key reasons behind the stunning slide

Time of India

time43 minutes ago

  • Time of India

US Dollar has worst start since 1973 - key reasons behind the stunning slide

The US dollar is plunging to levels not seen since 1973 due to US president Donald Trump's trade policy, which has sparked concerns among investors worldwide, as per the report. Dollar Index Drops Over 10% in 2025 The dollar index, which measures the currency's strength against a basket of six others, which includes the pound, euro and yen, has dropped over 10% so far this year, reported Financial Times. It is the worst start to the year since the end of the gold-backed Bretton Woods system, as per the report. Donald Trump's Tariff Wars and Debt Concerns Weigh on US Dollar An FX strategist at ING, Francesco Pesole, explained that, 'The dollar has become the whipping boy of Trump 2.0's erratic policies,' as quoted in the report. He even pointed out at Trump's stop-start tariff war, the US's vast borrowing needs and worries about the independence of the Federal Reserve had undermined the appeal of the dollar as a safe haven for investors, as quoted by the Financial Times. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration -:-:- Loaded : 0% 0:00:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - -:-:- 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo ALSO READ: Amazon CEO reveals which jobs are next to go after 27,000 layoffs — is yours on the list? The currency was down 0.2% on Monday as the US Senate had prepared to start voting on amendments to Trump's 'big, beautiful' tax bill, which is expected to add $3.2 trillion to the US debt pile over the coming decade and has fuelled concerns over the sustainability of Washington's borrowings, sparking an exodus from the US Treasury market, as reported by the Financial Times. Live Events The US dollar's massive fall marks its worst first half of the year since a 15% decline in 1973 and the weakest showing over any six-month period since 2009, according to the report. Chief investment officer for global fixed income at bond group Pimco, Andrew Balls, pointed out to the US president's 'Liberation Day' tariffs he announced in April, saying, 'You had a shock in terms of liberation day, in terms of the US policy framework,' as quoted in the report. Balls highlighted that there was no significant threat to the dollar's status as the world's de facto reserve currency, but that 'doesn't mean that you can't have a significant weakening in the US dollar', as quoted by Financial Times. He even pointed out the shift among global investors to hedge more of their dollar exposure, an activity which itself drives the greenback lower, as per the report. ALSO READ: Dakota Johnson & Chris Martin split, sources say his dependence drove them apart Expectations of Fed Rate Cuts Another reason pushing the dollar lower this year is due to the increasing expectations that the Fed will cut rates more aggressively to support the US economy, which Trump has constantly been urging, according to the Financial Times. Futures contracts show that at least five quarter-point cuts are expected by the end of next year, according to the report. Increased Hedging Prevents Dollar Rally While, ING's Pesole also pointed out that, 'Foreign investors are requiring greater FX hedging for dollar-denominated assets, and that has been another factor preventing the dollar from following the US equity rebound, as quoted by the Financial Times. ALSO READ: Trump's Big, Beautiful Bill gets brutal reviews from Americans, polls show it's deeply unpopular Analysts Predict Slower Decline Ahead Chief market strategist at insurance group Zurich, Guy Miller, predicted that, 'A weaker dollar has become a crowded trade, and I suspect the pace of decline will slow," as quoted in the report. FAQs Why is the US dollar falling so sharply right now? Mainly because of Trump's unpredictable trade policies, rising US debt, and expectations that the Federal Reserve will cut interest rates. How bad is this drop compared to history? It's the worst start to a year since 1973 and the biggest six-month drop since 2009.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store