Bord Bia’s Export Performance and Prospects report 2022/23 reveals that Irish exports of food, beverages and horticultural products increased by 22% last year, a record high. Food and beverage exports will increase by €3 billion from 2021 onwards, an increase of almost 30% from pre-pandemic levels (he €13 billion in 2019).
The main drivers of growth were both higher unit prices due to inflation and higher input and operating costs, as well as higher volumes of exported goods.
Irish dairy products account for the largest share, with exports of €6.8bn (£6bn) last year, up 33%, or €1.7bn (£1.5bn) from the previous year. This was mainly driven by butter (up 26% in value) and cheese (up 25% in value).
Dairy products remain the largest component of Ireland’s food and beverage exports, with more than 1.7 million tonnes of product shipped to over 130 markets worldwide.
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The meat and livestock sector had the next highest export value, contributing more than €4 billion to the Irish economy. This represents a 15% increase over the previous year.
Beef was valued at €2.5bn (£2.22bn), an increase of €384m (£340m) or 18% at 2021 levels.
Exports of prepared consumer food exceeded €3 billion (£2.66 billion). This is largely due to the resumption of food service in major markets when his Covid-19 restrictions are lifted in early 2022.
Ireland’s beverage exports reached nearly €2 billion for the first time (up 22% year-on-year), a 25% increase compared to pre-pandemic levels. North America remains a major export market, accounting for her 52% of total exports at just under €1bn (£886m).
Whiskey exports accounted for 60% of overall value growth last year, reaching around €1 billion for the first time (up 25% from 2021).
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Commenting on the report’s findings, Agriculture, Food and Marines Minister Charlie McConnalogue said: “We are proud to announce today’s excellent results. 19 disruption of global supply chains.na
“In this challenging global trading environment, Ireland continues to maintain its reputation as a world-class sustainable food producer and supplier, and has been successful in securing new business in new markets around the world. increase. na
“I would like to congratulate the companies, farmers, fishermen and producers who have contributed to this achievement, which would not have been possible without the strategic support Bord Bia provides to the sector.”na
The 2022/23 Export Performance and Outlook Report is the first to be published by Vaud Bier since Jim O’Toole took over as Chief Executive Officer.
He added: “In my first export performance and outlook report as Chief Executive Officer of Bord Bia, I am delighted to welcome record exports from the Irish food, beverage and horticulture sector. na
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“After two years of severe disruption, 2022 brings with it a new range of cost and sourcing challenges, making this year’s export performance even more impressive. It’s a testament to the resilience of one of our most important export industries.”na
Despite the impressive results reported by Bord Bia, O’Toole believes the industry will have to continue to meet a range of pressing challenges in 2023 and that trading conditions are set to sustain and evolve. I warned you.
“With 2023 projected to be a disruptive year of economic hardship and challenging supply chains, Bord Bia will remain agile and responsive to customer and sector needs during a time when volatility is likely to continue. I will continue.”Added O’Toole.
“It will be increasingly important for Irish food and beverage exporters to be aware of how consumers are coping with the current cost of living crisis and position their products accordingly.”na