Why Is There Such a Shortage of Whisky
The Scotch whisky industry is one of the wonders of the world and the product it makes is one of the world’s most enduring success stories. Distilling took place 500 years ago most likely in Ireland and Irish whisky has a glorious past without a doubt. However, whisky distilling took an organised industrial scale development during the 19th century and over 100 distilleries were fully operational in Scotland and many in Ireland. A fascinating market the whisky market develops and its stories are some of the most intriguing ever told for a trading market.
Overall the whisky market, like many other markets works in cycles and over the years it has seen many ups and downs. Over the last two centuries the whisky production and trade has been significantly affected and disrupted by the world wars and global recessions. Additionally the American alcohol prohibition played its role in the exports of Scotch and Irish whisky to the U.S. as this has always been one of the strongest whisky markets worldwide. Having documented extremely well the above, one thing that remains certain is that Scotch whisky blended or single malt has dominated the world whisky markets despite fierce competition from other liquors or whiskies now produced by several other countries including Japan.