17 Jan 2011

Export Performance and Prospects for 2010/2011

The value of Irish food and drink exports increased by 11% in 2010 to reach an estimated €7.88bn

The future of the Irish economy has become increasingly dependent on the agri-Export Performance & Prospects 2010/2011 front coverfood sector as the leading indigenous industry. The sector has taken decisive action in response to the challenging market environment with a strong focus on costs combined with investments to broaden the customer and market base served. These developments leave the sector in a stronger position to withstand the pressures created by the ongoing global economic situation and ever volatile exchange rates.

The export performance was boosted by a more stable consumer environment, somewhat reduced exchange rate pressures, improved relative competitiveness of Irish manufacturers and higher global prices for most agricultural commodities. The strength of this performance is highlighted by the fact that during the first nine months of 2010, food and drink exports accounted for 30% of the growth recorded in total merchandise exports. All major categories recorded increased export revenues in 2010 with the strongest growth evident in Dairy, Beverages, Meat and Seafood.

Looking ahead to 2011 the prospects for food and drink exports remain broadly positive, helped by relatively strong global demand for commodity products and a tight supply situation in a number of key product categories.

Click here to view the related press release - "Bord Bia: Irish Food & Drink Key Export Driver as Sales Approach €8 billion"

Download the report in (PDF format):  Export Performance and Prospects for 2010-2011

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