The New Fat Scotland 'Thanks for all the Fish' Thread.

Thrugelmir

Shakethedisease wrote: »

That whisky makes up about a quarter of the UK's full food and drink exports alone. I wouldn't be too dismissive.

Exports have been in decline these past 2 years, some 9%. I wouldn't get too upbeat in view of this.

Thrugelmir

kabayiri wrote: »

Oh, and something about renewables. Exporting clean power to Europe perhaps. (As soon as they realise the cost of subterranean cabling from Scotland to continental Europe, this will be the deadest of ducks in the water)

Clean power will be exported from Iceland.

Continuous too. No wind required.

Shakethedisease

Thrugelmir wrote: »

Exports have been in decline these past 2 years, some 9%. I wouldn't get too upbeat in view of this.

No one is getting excited or upbeat. However, whisky and what it presents to the UK's balance of trade and exports in the context of the single market aren't easily dismissed. And certainly not in Scotland where so many jobs depend on it.

6 Sep 2016

Industry body calls for early clarity on UK's future trade relationships
The first six months of 2016 were marked by improving Scotch Whisky export performance, according to new analysis published today by the Scotch Whisky Association (SWA).

Despite continued economic and political volatility in some markets, Scotch Whisky's global export volume grew by 3.1% over the first half of the year, with the equivalent of 533 million 70cl bottles shipped overseas, up from 517m bottles in the first half of 2015. This was the first growth in volume since the first half of 2013.

The customs value of shipments was down slightly by just 1% over the same period to £1.70 billion from £1.71bn in the first six months of last year. This drop was much smaller than the decline in value of almost 3% experienced in the first half of 2015, another clear sign of improvement.

Encouragingly, the global market for Single Malt Scotch Whisky continued to grow, with export value increasing by 6% to £431m and volume up 3% to 49m bottles. Single Malts now represent a quarter of total shipment value, with exports more than doubling in value over the last decade.

http://www.scotch-whisky.org.uk/news-publications/news/volume-of-scotch-exports-grow-in-first-half-of-2016/#.WDMvJ1zLmPc

kabayiri

Thrugelmir wrote: »

Clean power will be exported from Iceland.

Continuous too. No wind required.

Here's that Scottish sales brochure on renewables again

"Buy a windfarm. Get a *free* quality golf course thrown in !
(One previous owner; don't assume vacant possession; be prepared to raise the height of the windmills to avoid wall effects)"

Shakethedisease

TrickyTree83 wrote: »

I checked the government data. It's fine, it's 21.8%, a quarter is rather generous, a fifth would be more accurate.

Add on the Salmon to that.

CLAPTON

Shakethedisease wrote: »

No one is getting excited or upbeat. However, whisky and what it presents to the UK's balance of trade and exports in the context of the single market aren't easily dismissed. And certainly not in Scotland where so many jobs depend on it.

http://www.scotch-whisky.org.uk/news-publications/news/volume-of-scotch-exports-grow-in-first-half-of-2016/#.WDMvJ1zLmPc

whiskey exporters should be praising brexit as the lower pound has given them a huge export boost

TrickyTree83

Shakethedisease wrote: »

Add on the Salmon to that.

Absolutely, if it's factual lets add it to the discussion.

That's how I'd prefer this thread go.

Thrugelmir

Shakethedisease wrote: »

No one is getting excited or upbeat. However, whisky and what it presents to the UK's balance of trade and exports in the context of the single market aren't easily dismissed. And certainly not in Scotland where so many jobs depend on it.

Won't be helped if the planned strikes go ahead at Diego. What % does it represent of Scottish exports in total?

Safe to assume that Spirits represents less than 1% of total UK exports.

TrickyTree83

Thrugelmir wrote: »

Won't be helped if the planned strikes go ahead at Diego. What % does it represent of Scottish exports in total?

Safe to assume that Spirits represents less than 1% of total UK exports.

It looks like Whisky represents 86% of all exported spirits.

Spirits accounted for £28.2bn worth of economic activity in the UK.

Can't do the straight percentage of the economic activity as it will depend on the unit cost.

It's significant in terms of spirits, to give it further perspective the wine industry in the UK generates £17.3bn worth of economic activity. And interestingly the UK is the 6th largest wine market in the world, with 60% of adults drinking wine.

Spirits generate £6.9bn of income for the exchequer, wine generates £8.7bn. Certainly statistics I wasn't expecting to see, for spirits £4.5bn is duty and VAT paid by UK consumers, therefore £2.4bn is generated in income tax and corporation tax.

With 66% of distilleries in the UK located in Scotland.

Scotland's share (66%) of the total income tax and corporation tax being £1.5bn.

http://www.wsta.co.uk/images/Research/Market-Reports/LWFOverview2015.pdf

Shakethedisease

TrickyTree83 wrote: »

It looks like Whisky represents 86% of all exported spirits.

Spirits accounted for £28.2bn worth of economic activity in the UK.

Can't do the straight percentage of the economic activity as it will depend on the unit cost.

It's significant in terms of spirits, to give it further perspective the wine industry in the UK generates £17.3bn worth of economic activity. And interestingly the UK is the 6th largest wine market in the world, with 60% of adults drinking wine.

Spirits generate £6.9bn of income for the exchequer, wine generates £8.7bn. Certainly statistics I wasn't expecting to see, for spirits £4.5bn is duty and VAT paid by UK consumers, therefore £2.4bn is generated in income tax and corporation tax.

With 66% of distilleries in the UK located in Scotland.

Scotland's share (66%) of the total income tax and corporation tax being £1.5bn.

http://www.wsta.co.uk/images/Research/Market-Reports/LWFOverview2015.pdf

Not really much to do with the Single Market and the EU though. Economic activity within the UK isn't exports. France in particular seems to like importing Whisky.

http://foodanddrink.scotsman.com/drink/whisky/the-biggest-importer-of-scotch-whisky-may-surprise-you/

Whisky is a nearly a quarter/or a fifth if you prefer of all food and drink exports from the UK. You can understand why Sturgeon isn't keen on leaving the Single Market in the next two years and taking a leap in the dark with all those jobs at stake and only Theresa May's vague promises as assurance. I guess the same will go for Salmon, tourism and a host of other things that may change as a result.

And anyway, Scotland doesn't want to be a reduced to a negotiating pawn in May, Johnson, Davies and Fox's jolly poker game. As it appears now.