FDBusiness.com

Irish Food and Drink Exports Surpass €9 Billion for the First Time

 Breaking News
  • Nestlé Inaugurates New Nescafé Dolce Gusto Production in Vietnam Nestlé has inaugurated a new Nescafé Dolce Gusto capsule production line in Dong Nai Province, Vietnam. The site will process an expected 2,500 tons of coffee per year (equivalent to 130 million capsules), using high quality coffee beans from Vietnam. This volume is expected to increase in the coming years. The investment reflects Nestlé’s clear focus on high-growth, [...]...
  • Pink Lemonade Yogurt? Arla Brings Indulgence to New Markets Arla Foods is to expand its successful Finnish brand, Ihana, into new markets with the premium yogurt range being launched in Denmark and the UK. Meaning ‘wonderful’ in Finnish, Ihana was launched through an extensive brand launch in 2016 in Finland with an iconic new design. Indulgence is one of the few areas in growth within [...]...
  • Process Components Announces Kemutec Expansion into Netherlands Process Components has announced the expansion of subsidiary company Kemutec in Europe, with the long-established manufacturing brand opening a new office in the Netherlands. The move forms a key part of its global strategy to extend its global territories, significantly grow its revenues and create new jobs. Kemutec has more than three decades’ worth of heritage in [...]...
  • Packaging Automation Supports the Reduction in Plastic Packaging Waste With the launch of the UK Plastics Pact to address the impact plastic waste is having on the environment, retailers and manufacturers are more conscious of single use and non-recyclable plastics and want to cater for the green consumer. The industry is turning to various kinds of eco-friendly packaging with the aim of reducing plastic [...]...
  • Glanbia Cheese Joint Venture to Build New €130 Million Mozzarella Cheese Facility Glanbia Cheese, the joint venture business between Glanbia plc and Leprino Foods, plans to build a new, world-class mozzarella cheese manufacturing facility in Portlaoise, County Laois, Ireland. A site for the new facility has been identified at the recently established Togher National Industrial Estate in Portlaoise. A total of €130 million will be invested in [...]...

Irish Food and Drink Exports Surpass €9 Billion for the First Time

Irish Food and Drink Exports Surpass €9 Billion for the First Time
January 10
14:33 2013

The value of Irish food and drink exports in 2012 surpassed €9 billion for the first time, according to new figures released by Bord Bia (the Irish Food Board).. This builds upon, and consolidates, the food industry’s exceptionally strong performance over the past three years, with exports currently valued at €2 billion, or 28%, ahead of 2009 levels. The strongest performing categories were meat and livestock (€3 billion), seafood (€493 million) and beverages (€1.26 billion).

The broadening of the food and drink industry’s export reach evident over recent years continued throughout 2012, helped by ongoing demand and a more favourable exchange rate. The weakening of the euro relative to sterling helped boost trade to the UK, where the value of exports increased by 5% (€170 million) to reach €3.8 billion, representing 42% of total Irish food and drink exports in 2012.

Ongoing weakness in many economies across the euro zone combined with more favourable exchange rates with both sterling and the US dollar impacted on trade levels to other EU markets in 2012. For the year exports are estimated to have fallen by 8%. However, following growth of 20% in 2011, Irish food and drink exports to International markets put in another strong performance during 2012 with trade estimated to have increased by 8%, or almost €200 million, to exceed €2.4 billion. As a result, the region now accounts for 27% of total exports. The growth in exports was led by Asia, Africa and North America.

Aidan Cotter, Chief Executive of Bord Bia, comments: “Despite falling global commodity prices, lower output in some sectors and the continued weakness in consumer spending in established markets, the Irish food industry has delivered another robust export performance. The continued diversification into new and emerging markets, benefiting further from favourable exchange rates, should be welcomed with exports to Asia up by 75% since 2010.”

The immediate prospects for Irish food and drink exports in 2013 remain positive, with increased output in some key sectors, most notably beef, combined with more stable global commodity prices expected. However, feed and other input cost developments in the livestock sector will again play a key role in determining farm level performance, following a difficult year for farming due to poor weather conditions and rising costs.

The results of the annual Bord Bia industry survey, completed in December 2012, also show continued confidence among food and drink manufacturers and a strong positive outlook for the year ahead. In total, 77% of exporters reported increased sales over the past 12 months, while 75% expect export sales to increase again in 2013.

Among Bord Bia’s key initiatives this year will be the continued development, global promotion and marketing of its sustainability development programme Origin Green. Since launching in June 2012, some 164 companies accounting for almost 60% of Irish food and drink exports have signed up to the programme. These companies are currently working with Bord Bia to develop, and commit to, sustainability plans setting out clear targets in key areas such as emissions, energy, waste, water, biodiversity and corporate social responsibility (CSR) activities. Individual sustainability commitments submitted by major players within the Irish food industry include a 20% reduction in energy use by 2015; the implementation of rainwater harvesting by 2014 and a 30% reduction in emissions by 2020.

CAPTION:

Michael Carey (left), Chairman of Bord Bia, and Aidan Cotter, Chief Executive, Bord Bia.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements