Ireland’s meals, drink, and horticulture export product sales reached a report €17bn ($17.5bn) in 2024, marking a 5% improve from the sooner 12 months.
In response to state firm Bord Bia, the rise in revenues was primarily attributable to higher pricing. Nonetheless, Bord Bia pointed to rising volumes in sectors along with meat and seafood.
“This effectivity marks a milestone 12 months for Irish meals and drinks exporters, no matter enduring world commerce challenges introduced on by geopolitical instability, fluctuating inflation and ongoing extreme shopping for and promoting costs,” the organisation talked about in a report saying the figures.
Dairy exports, which is Ireland’s largest class of meals exports, remained safe year-on-year, totalling €6.3bn.
Ireland’s 2024 milk collections dropped by 2.5% to eight.3 billion litres, marking the second consecutive decline since milk quotas resulted in 2015.
Poor spring and summer season local weather affected grass progress via the important peak milk interval, reducing manufacturing.
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In a press launch, Bord Bia CEO Jim O’Toole talked about that “native climate change stays primarily essentially the most pressing downside for the meals and drinks sector”.
Additional challenges embrace labour costs, regulatory requires, technological developments, market disruptions, and inflation.
The dairy class expert declines in skim milk powder and completely different milk merchandise, offset by elevated butter exports.
Skim milk powder exports declined to €370m, a drop of €185m from 2023, as manufacturing volumes fell.
Butter exports grew by roughly €400m, or 31%, to €1.7bn, with prices ranging from €5,430 to €7,810 per tonne, significantly higher than the 2023 widespread of €4,820.
Bord Bia talked about meat and livestock exports rose by 6% to €4.3bn, pushed by higher beef, pigmeat and keep commerce volumes and prices.
Nonetheless, sheep meat export volumes fell by 23% in 2024 to 56,000 tonnes with value down 6% to €400m, returning to 2021 ranges.
Ireland’s exports of what Bord Bia often called “prepared shopper meals” elevated by 7% in value to €3.4bn, with amount progress from meal choices, bakery and drinks.
Not like in 2023, 2024 seen progress in every value and amount, pushed by meal choices (€685m), bakery (€355m), and drinks (€290m).
Seafood exports elevated by 9% to €595m, pushed by salmon and pelagic volumes.
Freshwater exports have been valued at €100m, with pelagic fish at €145m.
Shellfish exports rose by 4% to €185m, whereas value-added seafood and whitefish exports declined by 6%.
Cereals and horticulture exports grew by 4% to €325m, with mushroom exports rising by 7%. Cereal exports, nonetheless, declined by 7% to €90m.
The nation’s drink exports grew by 19% to over €2.1bn, with vodka-based RTDs and whiskey foremost the enlargement, Bord Bia talked about.
Exports of vodka-based RTDs reached €235m in 2024, up from €55m in 2022.
Whiskey exports rose by 13% to over €1bn, whereas cream liqueur and beer exports moreover seen will enhance. Irish whiskey remained the necessary factor drink export, representing 49% of full value.
UK prime purchaser nevertheless Ireland’s exports diversifying
By means of areas, the UK remained crucial market for meals and drinks exports from Ireland, with a 7% improve to €5.9bn.
No matter this, the share of UK exports is lower than pre-Brexit ranges, as Irish exporters diversify into completely different markets, the corporate talked about.
Exports to the EU rose by 4% to simply about €5.9bn, representing 35% of Irish meals, drink, and horticulture exports, down from 36% in 2023.
France, Germany and Belgium made up virtually 40% of these exports, with value will enhance of 5%, 12%, and 12%, respectively.
Commerce with worldwide markets grew by virtually 5% to €5.2bn, pushed by a 14% improve in North America.
Ireland’s exporters had a “mixed” effectivity in Asia, Bord Bia talked about, with dairy exports declining by 12% and pigmeat exports to China falling beneath €100m. Exports to Africa rose by 10% to €950m.
