Over 2025–2029, Uruguay’s spirits category is forecast to grow at a significant pace. The diminished economic advantage of purchasing spirits in Argentina is expected to curtail cross-border shopping, while the Argentine peso’s appreciation in 2024 may attract more Argentine tourists to Uruguayan retailers in 2025.
In 2024, whiskies remained prominent, yet it has underperformed recently. Cocktails led by vodka and English gin have set consumer trends, while low-priced local whiskies have ceded share to premium single-malt Scotch and high-quality blended Scotch.
Product innovation within favourite spirits variants is expected to sustain growth during the forecast period. English gin will expand further with new premium and super-premium global imports, such as Spirito Blu from Branca Distillerie and craft variants from Argentina.
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Understand the latest market trends and future growth opportunities for the Spirits industry in Uruguay with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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Spirits
This is the aggregation of whisk(e)y, brandy and Cognac, white spirits, rum, tequila, liqueurs and other spirits.
See all of our definitionsThis report originates from Passport, our Spirits research and analysis database.
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