The value of the country’s distilled spirits imports this year will expand by a fifth on an annual basis to a four-year high of $143 million on the back of higher cost per liter of booze.
THE value of the country’s distilled spirits imports this year will expand by a fifth on an annual basis to a four-year high of $143 million on the back of higher cost per liter of booze.
The international agency explained that demand for distilled spirits fell because of lower consumption at home with the return of back-to-office life nationwide. It added that the number of bars and pubs have also increased with the reopening of the economy, attracting “revenge” partygoers “eager to spend on booze.”
The Philippines imported a higher volume of distilled spirits in 2021, even higher than pre-pandemic level, as more Filipinos opted to drink cheaper booze at home, the USDA-FAS Manila said.
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