FRANKFORT, Ky. (AP) – Producers of Kentucky bourbon and Tennessee whiskey are toasting another year of strong sales and revenue growth. Leading the way is growing demand for high-priced, super-premium brands.
The Distilled Spirits Council said Tuesday that combined U.S. revenues for bourbon, Tennessee whiskey and rye whiskey shot up 7.8 percent to $2.9 billion in 2015. Domestic volume rose 5.2 percent.
The council’s annual report says bourbon and Tennessee whiskey revenues and volumes outpaced the overall distilled spirits sector.
Meanwhile, it says bourbon and Tennessee whiskey exports topped $1 billion for the third straight year, despite challenges caused by a strong dollar. A strong dollar makes U.S. goods less competitive.