Company: AGCC
Filing Date: 2025-08-19
Form Type: F-1/A
Source: 0001213900-25-078155
Chunk: 104

Company: Agencia Comercial Spirits Ltd.
Filing Date: 2025-08-19
Form: F-1/A
Chunk 104
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 strict legal provisions that govern the production, marketing, and exportation of Scotch Whisky. It is a requirement for all registered geographical indications that compliance with the product specification be checked by a verification authority. That verification authority is His Majesty’s Revenue & Customs (HMRC). Consequently, the Scotch Whisky industry is proactive in protecting and safeguarding the integrity of “Scotch Whisky” along with its associated regional quality labels. The UK Law of Scotch Whisky Regulations 2009 encompasses all aspects of the production, bottling, labeling, and promotion of Scotch Whisky, ensuring that the highest standards are maintained throughout the industry. Overview Export of Scotch Whisky in Asia According to the SWA data, the global whisky market, valued at GBP5.6 billion (US$7.05 billion), demonstrates a prominent presence in the Asia Pacific region, which accounted for approximately 32% market share in 2023. Within this region, the leading countries and territories include Taiwan, contributing GBP341 million (US$429.49 million), followed by Singapore at GBP378 million, China at GBP235 million (US$296 million), India at GBP218 million (US$274.57 million), and Japan at GBP170 million (US$214.11 million). The EU follows with a 28% share, and North America accounts for 21%. Other regions include Latin America and the Caribbean at 7%, Europe outside the EU at 4%, the Middle East and North Africa at 5%, and South Saharan Africa at 3%. This data underscores the substantial influence of Asia Pacific countries and territories on the whisky market, particularly Taiwan and Singapore. The following table illustrates the trend of the main Asian markets for the export of Scotch Whisky during the period from 2022 to 2023. 69

The following table sets out the whisky import volumes and top 5 rankings of the region in 2023.

|                            |     | Ranking |     |    Market 
 Share (%) |   |
| Asia Pacific               |     |       1 |     |        32 | % |
| EU                         |     |       2 |     |        28 | % |
| North America              |     |       3 |     |        21 | % |
| Latin America & Caribbean  |     |       4 |     |         7 | % |
| Middle East & North Africa |     |       5 |     |         5 | % |

The following table sets out the top