FDBusiness.com

UK Food and Drink Exports Deliver Strong First Half Performance

 Breaking News
  • KK Foods Plans £5.5 Million Expansion KK Fine Foods, a leading frozen food manufacturer based at Deeside in Wales, is set to expand and diversify with support from the Welsh Government, creating an additional 40 new...
  • Nestlé Launches Fund to Boost Packaging Innovation Nestlé has announced that it will invest up to SFr2 billion (€1.86 billion) to lead the shift from virgin plastics to food-grade recycled plastics and to accelerate the development of...
  • Bosch Packaging Technology is Now Syntegon Syntegon Technology is the new name for Bosch Packaging Technology, following the sale of the former Bosch division. Headquartered in Waiblingen, Germany, Syntegon Technology’s business focus is on intelligent and...
  • Nestlé Launches New KitKat Gold in the UK Nestlé has unveiled a unique addition to its biggest confectionery brand – the new KitKat Gold. KitKat Gold is a combination of trademark crispy wafer on a smooth milk chocolate...
  • 789 Food and Drink Acquisitions in 2019 2019 broke records again for the number of food and drink transactions around the world, with 789 registered on the Zenith Global mergers and acquisitions database, an average of 15...

UK Food and Drink Exports Deliver Strong First Half Performance

UK Food and Drink Exports Deliver Strong First Half Performance
September 27
09:10 2010

UK exports of food and non-alcoholic drinks grew to more than £5b in the first half of 2010 – a rise of 4.3% on the same period in 2009 – and full-year sales to overseas markets are forecast to break the £10 b barrier for the first time, according to figures released by the Food and Drink Federation.

This first half growth has been characterised by an almost entirely flat EU export market but buoyant growth to non EU markets, which increased by 23.1% from £927.6m to £1.14b. All non-EU markets showed growth, but particularly strong markets included North America, up 34.9%, Asia up 34.6%, Latin America up 20.8% and the Middle East, up 20.0%. The fastest growing export market for UK food and drink is Hong Kong, which was up 49.3%.

Dairy proved to be the strongest sector, driven by a 15.2% growth in cheese exports.

Looking at the performance of individual sectors, dairy proved to be the strongest sector, showing growth of 21.3% to £464.3m, driven by a 15.2% growth in cheese exports, especially cheddar and blue cheeses. This in direct contrast with 2009, when dairy was the worst performing sector. Fish and seafood also performed well, growing 7.1% to £575.7m, including a 22.3% rise in fresh salmon export sales, which now account for 65% of fresh fish exports. Within the prepared foods sector, both sauces & condiments and jams & preserves performed well, growing by 10.6% to £98m and 9% to £16m respectively.

“I am delighted to see another strong export performance from UK food and drink manufacturers,” says Melanie Leech, director general of the Food and Drink Federation. “If these levels continue throughout 2010, we should see our sixth consecutive full year of growth and break the £10 billion mark for exports for the first time.”

The UK food and drink industry directly employs 440,000 people; generates £73b of turnover and value added of £21.6b; and accounts for 15% of total manufacturing output. The export figures further highlight the sector’s importance to the UK economy.

About Author

colin

colin

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

[eventlist]

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements