Irish food and drink exports are set to hit a record EUR10bn (US$13bn) according to new figures released by Bord Bia.

This represents an increase of 9% on the previous year and 40% in the last four years with revenues almost $4bn higher than in 2009.

Export values for dairy products and ingredients were at an all time high, exceeding $4bn and meat, livestock and prepared foods also performed strongly.

In what he called a “challenging year”, minister for agriculture, food and the marine, Simon Coveney said the results were impressive and proved there was “little doubt that the $16bn export target set out in the industry-led strategy for the agri-sector Food Harvest 2020 is well in sight.”

Europe remained a key market in terms of export destinations. The UK was the largest with 42% of exports worth an estimated $5.5bn in 2013, followed by other EU markets at an increase of 11%. Internationally, exports to China grew over 40% with values trebling over the last three years to reach $530m in 2013. China is now Ireland’s sixth largest market overall, driven in particular by strong dairy and pork exports.

Bord Bia chairman, Michael Carey, said “The significant export growth achieved by the Irish food and drink industry, in the face of an increasingly competitive environment for exporters confirms the dedication, ambition and resilience that is abundant in the sector.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

This impressive growth in exports by our largest indigenous industry reflects its persistent focus on innovation and differentiation as it seeks, successfully, to boost its position across key markets.”