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Thursday, October 24, 2019

How Taiwan Became a Global Powerhouse in Whiskey Production

"Having only started producing whisky this century, the small island is making millions of bottles and scooping up top industry awards"

The overall worldwide whiskey market was valued at about $58 billion in 2018, so I don't blame the small, Taiwanese 'crafters' for wanting a piece of that rich pie.
"The success story of Taiwanese whisky is an interesting one. You might not associate the small island with the drink, but its whiskies have won dozens of prestigious awards in the drinks world in recent years. The island’s proximity to large Asian markets, which have a growing taste for the drink, is of course an advantage, but the pace of its growth is still eye-catching.

The first Taiwanese distillery only opened in 2006 and since then the country’s whisky producers have managed to gain success, despite the investment hungry nature of the industry. The island’s subtropical climate has helped, with the whisky maturing two to three times faster than it does in Scotland or Ireland.

On the downside, the warm and humid climate means a higher evaporation loss of about five percent to 10 percent (the angel's share - LB), compared to two percent to three percent for Scotch and Irish whiskies. But the faster aging means the whisky is turned into cash (and profit) faster, and less cash is tied up in inventory."
God bless and good luck (particularly with China eager to take command & control of all it desires), but I'll stick with the well-knownest Tennessee whiskey, or any of the world-class Kentucky bourbons, thank you very much.