The Irish food and drink sector recorded the seventh
consecutive year of export growth as increased output in major sectors and an improvement in market demand for key categories boosted the value of trade in 2016.
Much of the growth was recorded in trade to international
markets where higher demand, improved market
positioning and relatively steady exchange rates helped
improve the competitive position of Irish exports. Lower
trade to the UK triggered by challenging exchange
rates and competitive pressures was offset by increased
exports to markets such as North America and China. A
good recovery was also seen in continental EU markets as
improving economic conditions led to stronger demand
in key categories.
It is estimated that the value of Irish food
and drink exports increased 2% to reach
€11.15bn in 2016. This marks growth of over
41% or €3.3 billion since 2010.
Irish Food and drink exports, 2005 to 2016 (Gm)
Source: Bord Bia estimates
The strongest performers in terms of export growth
in 2016 were prepared foods, sheepmeat, beverages,
pigmeat and to a lesser extent dairy. Weaker prices
negatively affected the value of beef and edible
horticulture exports while lower volumes affected
seafood exports. Livestock exports declined in value
terms largely due to a significant reduction in live cattle
shipments, while poultry exports recorded a significant
decrease due to both reduced prices and lower volumes.
Overall Export Performance and Prospects Infographic
(Click to view a larger version)