UK wine & spirits industry faces mounting pressure
At the London Wine Fair, the Wine and Spirit Trade Association (WSTA) shared a sobering update on the state of the UK wine and spirits industry. Since 2016, the sector has weathered Brexit, Covid, excise duty reforms, inflation, and political instability—despite its scale: £33 billion in annual revenue and 200,000 jobs, with 98% of wine being imported.
💲 The UK remains a key global player, second-largest importer of wine and spirits by volume and value, but rising prices (+19%) and slowing economic growth paint a challenging picture. A market to watch closely, caught between pressure and cautious signs of renewed EU ties.
To know more about the situation
Team V&Co
