Company: AGCC
Filing Date: 2025-08-19
Form Type: F-1/A
Source: 0001213900-25-078155
Chunk: 110

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-08-19
Form: F-1/A
Chunk 110
---
 ratio of 45% to 55%. In terms of imported volume, the United States ranks as the third largest supplier of whisky to Taiwan, accounting for just 2% of the market significantly behind the United Kingdom (primarily Scotland) at 92% and Japan at 4%. Market Size of Whisky Sales in Taiwan According to Migo, the Taiwan whisky market has shown significant growth from 2019 to 2024, starting at approximately US$930 million in 2019. Despite a slight dip in 2020 due to COVID -19, the market rebounded to around US$1 billion in 2021, driven by a recovery in premium whisky sales. By 2022 and 2023, the market value had reached approximately US$1.12 billion and US$1.18 billion, respectively, continuing to grow alongside a rising whisky culture. In 2024, it reached US$1.311billion and is projected to US$1.402 billion by the end of 2025. Growth is expected to continue, with the market likely to reach US$1.5billion in 2026f. The following chart illustrates the market size of whisky sales in Taiwan from 2019 to the forecast year of 2026. ____________ Source: Migo

73 Market Drivers of Whisky and Other Alcoholic Beverages in Taiwan Evolving Consumer Preferences Young consumers in the Asia Pacific region are increasingly seeking unique and diverse drinking experiences rather than merely aiming for intoxication. This shift has resulted in a surge in the popularity of craft beers, ready -to -drink(RTD) beverages, and on -tapcocktails, which have quickly gained traction in the market. Additionally, the trend of DIY cocktails at home has become prevalent among younger demographics. In response, spirits companies are focusing on this consumer segment by introducing innovative products with eye -catchingpackaging and exciting flavors, aiming to reshape the image of spirits to appeal to these adventurous drinkers. This shift has fostered a greater willingness among young consumers to explore new and varied cocktail flavors. Competitive Pricing and Selection The impact of the Covid -19pandemic on the on -tradechannel of alcoholic beverages has led to a notable shift toward retail outlets. As dining out became less frequent, many Taiwanese consumers opted to enjoy drinks at home, purchasing alcohol from convenience stores rather than larger supermarkets, which are often viewed as crowded and less safe. Taiwan boasts one of the highest densities of convenience stores globally, with nearly 12,000