FDBusiness.com

Irish Drinks Exports are Worth €1.4 Billion

 Breaking News
  • UK Grocery Prices Rising at Fastest Rate in Four Years The latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 5 November 2017, show UK supermarket sales have increased in value by 3.2% year-on-year in the run up to Christmas. Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, explains: “Volume sales have increased by less than 1%, meaning it’s [...]...
  • Alcohol Minimum Unit Pricing to Go Ahead in Scotland The UK Supreme Court has ruled that minimum unit pricing for alcohol, which was passed overwhelmingly by the Scottish Parliament in 2012, can now proceed. Scottish Health Secretary Shona Robison has welcomed the decision and confirmed she intends to make a statement to Parliament shortly, setting out the Scottish Government’s next steps. Following the unequivocal backing [...]...
  • GEA Brings Together Technologies to Supply Extended Production Line For BMI GEA has recently been selected to supply an extended pasta filata cheese production line for BMI in Jessen, Germany. With this exemplary project GEA brings together its joint cheese-making expertise, resulting from its acquisition of de Klokslag and CMT in 2014 and 2015 respectively, with GEA’s flow and processing experience to provide a single offering for this [...]...
  • Bosch Packaging Technology Wins German Design Award 2018 The Sigpack VPF (Vertical Platform for Flat Pouches), the first freely scalable flat pouch machine from Bosch, has been honoured with the German Design Award 2018 in the Excellent Product Design category. The German Design Council presents the prestigious award on an annual basis. The German Design Award is the second prestigious accolade for the [...]...
  • Premier Foods Returns to Revenue Growth Premier Foods, the UK convenience food group, has reported group revenue of £353.3 million for the 26 weeks ended 30 September 2017 – an increase of 1.5% on the prior period – with Branded revenue in line with last year at £295.4 million while Non-branded revenue increased by 10.1% to £57.9 million. Group reported half year [...]...

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.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 28, 2017Fi Europe
  • December 4, 2017Plastics and Paper in Contact with Foodstuffs 2017
  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements