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Irish Drinks Exports are Worth €1.4 Billion

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Irish Drinks Exports are Worth €1.4 Billion

Irish Drinks Exports are Worth €1.4 Billion
September 25
09:42 2014

Irish drinks exports are worth €1.4 billion, with the drinks manufacturing sector exporting 45% of its total turnover, according to new figures from The Drinks Industry Group of Ireland. The data comes from the 2012 Census of Industrial Production (CIP), the most comprehensive official data source on the sector, published recently by the CSO. It shows that total investment by the sector was €118.4 million in 2012.

Tom Burke, Senior Executive at the Alcohol Beverage Federation of Ireland (ABFI), which represents alcoholic drinks manufacturers and suppliers in Ireland, says: “From the micro-breweries setting up across the country, to the larger producers creating world-renowned Irish brands, the drinks manufacturing sector makes a significant contribution to the Irish economy.”

The sector employs close to 3,500 people across the country directly, supporting thousands of job indirectly from grain to glass. It has a wage and salary pay-out of €209.6million. The average wages and salaries amongst drinks manufacturers are the highest of the manufacturing sectors.

The manufacturing drinks sector had a total turnover value of €3.1 billion, with a domestic market turnover of €1.7 billion. It makes a significant contribution to Ireland’s rural economy, with total purchases worth €1.7 billion.

He continues: “This is an exciting sector that’s going through considerable development, with dozens of drinks manufacturers setting up shop across the country, including 21 whiskey distilleries in various stages of planning at the moment. This is leading the way for an Irish whiskey renaissance and a potential boost to the €1.4 billion export figure cited in the latest data.”

“However, the ability of the sector to reach its full potential and achieve sustainable growth is being put at risk by the Government who have increased excise on alcohol in the last two budgets. Irish drinks manufacturers, such as the small whiskey producers, will be unable to sell their high-quality products in the home market, which will have a knock on effect on Irish farmers and publicans hoping to get a boost from the exciting developments in the sector.”

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