The Scottish Whisky Association has found that export sales are affected in countries whose economies were driven by oil and other commodities.
The industry organisation said that the recession in Brazil in particular had “a notable impact” on overall export figures. The fifth largest market by volume in 2014, exports to Brazil dropped by 20% in 2015.
SWA chief executive David Frost said: “Scotch whisky exports continue to deliver and the fundamentals for future growth are strong.
“Whilst the last couple of years have been more difficult, the longer-term picture has been one of increased demand, new investment, and premiumisation.
“Challenges remain, with an uncertain global economy and political uncertainty in some export markets.”