FDBusiness.com

UK Food and Drink Exports Growth Slows to a Crawl in 2018

 Breaking News
  • Pernod Ricard to Acquire Super-premium Italian Gin Brand Pernod Ricard is acquiring Italian super-premium gin brand Malfy from Biggar & Leith for an undisclosed price. Malfy is a range of super-premium gins distilled by the Vergnano family in the Italian region of Moncalieri, and already present in several international markets such as the United States, United Kingdom and Germany. Each gin in the [...]...
  • Nestlé and Carrefour Give Consumers Access to Blockchain Platform Nestlé and Carrefour, the French retail group, have announced that they are giving consumers access to blockchain data for Mousline purée in France. This is the first time that Nestlé is sharing information on its products with consumers via a blockchain platform. Consumers can use their smartphone or other device to scan a QR code on [...]...
  • Plastics Action Alliance Sets Targets to Achieve Sustainable Reduction in Use of Plastic in Ireland Plastics Action Alliance, the recently formed group that comprises of 11 leading agricultural processing and food businesses in Ireland, has set out its key objectives. The industry leading group aims to significantly reducing the use of plastic packaging across its members’ operations. Formed at the end of 2018, the Plastics Action Alliance is a collaboration that [...]...
  • Carlsberg UK Gets Honest About Its Beer Carlsberg UK has launched its most ambitious and honest consumer facing campaign ever in a bid to drive reappraisal of its flagship beer brand. Expected to reach 97% of the UK, the £20 million campaign conceived in collaboration with agency partners Fold7, Clifford French and Initiative – trades on the equity of the brand’s renowned [...]...
  • Alternative Proteins Challenge Dairy Dominance The value of the sports nutrition market is set to grow by around 8% per year to reach over US$17 billion globally in 2021, according to Innova Market Insights’ forecasts. The mainstreaming of the market has led to a surge in interest in plant-based alternatives with the traditional dominance of whey and other dairy proteins [...]...

UK Food and Drink Exports Growth Slows to a Crawl in 2018

UK Food and Drink Exports Growth Slows to a Crawl in 2018
March 26
09:48 2019

The Food and Drink Federation (FDF) has published analysis showing that food and drink exports have increased by only 2.5% to £22.6 billion from January–December 2018, compared to the same period in 2017, down from 9.7% growth in the previous year. This slower growth was seen in both exports to EU markets, up 4.3% in 2018 compared to up 10.3% in 2017, and non-EU markets, down 0.3% in 2018 compared to up 8.9% in 2017.

Growth of exports of branded goods also fell, down 0.1% to £5.8 billion, when compared to the previous year. The growth was up 5.0% to EU markets, but down 10.2% to non-EU markets.

Seven of the top 20 markets for UK food and drink exports saw a fall in value, including the United States and France which fell by 2.2% and 3.4% respectively. Exports of salmon and beer fell by 11.6% and 7.0% by value, while the other products among the top 10 exports grew over the period.

This fall in growth, for both overall exports and exports of branded goods, highlights the need for specialist export support to deliver ambitious long-term export targets, whether food and drink manufacturers are looking to export for the first time, enter new markets, or expand their existing markets. As part of the Government’s Industrial Strategy Activity, FDF is in formal negotiations with Government on a Food and Drink Sector Deal. This follows the submission of a proposal which included measures such as support for market research, in-market support, and an export portal.

Additionally, the lower growth is reflective of the results of FDF’s recently published Food & Drink Business Confidence Report 2018 which showed that in Q4 2018, decreased export profitability was a concern for 30% of members. Looking forward to 2019, 42% of respondents expect exports to decrease and 46% expect them to remain the same.

Wheat-based products

Wheat and wheat-based goods (such as breakfast cereals, sweet biscuits, cakes and breads) account for around 10% of overall UK food and drink exports, and are consistently found in the top 50 exported food products. The UK’s top destination for all wheat and wheat-based exports is Ireland, with 35.2% of such goods being exported to Ireland in 2018. The US and France are also significant buyers of UK-manufactured wheat-based goods, such as bread and biscuits.

All wheat-based products reported growth over the past year, except for cakes which saw an overall decline of 13%. The fastest growing product amongst the UK’s 6 key wheat-based exports was pasta, primarily due to a 46% rise in the exports from the UK to non-EU countries, such as Australia and Hong Kong.

Considering growth over the past year, non-EU markets have been a key point of interest, notably the UAE (United Arab Emirates), Hong Kong, and Australia. The three markets combined account for around 10% of UK wheat-based good exports.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
  • June 25, 2019BevExpo 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements