FDBusiness.com

Irish Beverage Exports Worth €1.2 Billion in 2014

 Breaking News
  • Another Year of Progress For Nestlé Nestlé has reported a 2.1% increase in sales to SFr91.4 billion (€80.6 billion) for 2018 with organic growth of 3% and group RIG of 2.5%, which was at the high end of the food and beverage industry, helped by faster innovation and successful new product launches. 2018 organic growth was supported by stronger momentum in [...]...
  • Fast-growing Asia Maternal Nutrition Market to Boost Demand For Dairy ingredients and Formula Maternal nutrition is a hot new opportunity in emerging markets, according to the latest report from food and drink experts, Zenith Global. In many parts of Asia, the concept of optimal nutrition during the first 1,000 days of a baby’s life (from conception to two years old) is capturing the attention of mothers and their [...]...
  • Innovation in the Spotlight at UK’s Largest Packaging Show Packaging Innovations, Empack and Label&Print 2019 returns to Birmingham’s NEC later this month with its most innovative show to date. The show, which also includes Contract Pack, Ecopack and Industrial Pack, will showcase more product launches and innovation from across the industry than ever before as it welcomes over 300 suppliers. As always, Innovation is the [...]...
  • £100 Million Müller Programme to Transform UK Fresh Milk Business Müller Milk & Ingredients, Britain’s largest producer of branded and private label fresh and flavoured milk, cream, butter and ingredients, has launched a £100 milliion cost and margin improvement programme which aims to secure a vibrant and sustainable future for the business, to the benefit of consumers, customers, employees and farmers. Project Darwin includes a comprehensive [...]...
  • Coca-Cola European Partners Continues to Focus on Driving Profitable Revenue Growth Coca-Cola European Partners has reported its fifth consecutive quarter of revenue growth and announced plans to trade on the London Stock Exchange. Revenue grew by 4.0% to €11.5 billion and comparable operating profit grew by 7.0% to €1.6 billion in 2018. Earnings per share were €2.30, an increase of 8.5%. Coca-Cola Zero Sugar led growth in [...]...

Irish Beverage Exports Worth €1.2 Billion in 2014

Irish Beverage Exports Worth €1.2 Billion in 2014
January 19
10:45 2015

The Drinks Industry Group of Ireland (DIGI) has highlighted the importance of beverage exports to the Irish economy, welcoming new Bord Bia research which shows that they were on the up again last year. In total, beverage exports put in a robust performance growing by 1% in 2014 to €1.2 billion, with alcoholic beverages accounting for over 80% of beverage exports.

According to the research Irish whiskey exports are the main driver of beverage export growth, with double digit growth recorded again in 2014. Irish whiskey is the fastest growing spirits category globally, with exports rising by 60% since 2009 (€141m) to reach €365m in 2014. It’s predicted that exports will double by 2020 and double again by 2030 to 25m 9 litre cases. There are currently 9 active distilleries in Ireland with 8 more scheduled to open by the end of 2015.

Irish beer accounted for 19% of beverage exports with craft beer exports continuing to rise. There are currently 50 operational microbreweries with 40% of them currently exporting. This number is set to exceed 100 by 2020. According to Bord Bia, the growing number of brewers matched with developments among exporters will help drive renewed growth in the beer sector over the coming years.

Cream liqueur was the second biggest beverage export after whiskey, accounting for 26% of exports.

The research shows that Ireland exports beverage products to 125 markets worldwide with the UK, US, Canada, Germany and France taking the place of the top 5 markets. France is the fastest growing market, with Irish beverage exports increasing by 20% to €40m in 2014. There was strong emerging market demand in 2014 and key growth regions included Asia, the Middle East, South America and Africa.

Speaking about the report, DCU Economist Tony Foley says: “Bord Bia’s report confirms that 46% of beverage exports are sold in markets outside the EU with a value of €560m. The UK remains the largest export market accounting for 32% of beverage exports. The outlook for 2015 for beverage exports is broadly positive, driven by an anticipated further rise in whiskey sales, the ongoing development of emerging markets and the ever increasing range of craft beers and spirits being produced in Ireland.”

Peter O’Brien, Chairman of DIGI, says: “With some of the most celebrated and internationally recognised brands exported from Ireland, our drinks exports are clearly a national success story. Bord Bia’s report confirms this position matching growth with a hugely positive outlook for 2015. We’d call on the Government to do everything in their power to support the industry so it can continue to build on current success, identify new markets for products and find innovative product solutions, which will in turn help foster further economic recovery in Ireland.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements