Report highlights importance of drinks sector to exports

Irish drinks exports, valued at €1.8 billion in 2023, continue to represent a very significant component of the Irish food and drinks sector and are a major contributor to local economic activity and job creation throughout the country.

The information is contained in Bord Bia’s Future Focussed (Export Performance and Prospects) report, which has been welcomed this week by Drinks Ireland, the Ibec group that represents the sector.

Alcohol drinks manufacturers are operating in every county on the island and our brands across spirits, beer and cider are enjoyed by consumers the world over, with Irish drinks exports reaching 119 markets in 2023.

FURTHER HOPES FOR GROWTH

Last year’s export value was down by 8% on the record 2022 performance due to challenging economic headwinds globally, in particular inflation, cost of living pressures and more restrained consumer spending. Nevertheless, export value remained 12% ahead of 2021 levels and we expect improved market conditions as we progress through 2024.

Irish drinks manufacturers have a strong ambition for further growth with significant investments ongoing in capacity, innovation and market development. This ambition for growth and delivery by the sector needs to be matched by a policy framework that allows the sector to realise its potential.

Drinks Ireland, in its recent policy priorities publication, ‘ Pride of Place’, highlights some of the key areas for attention, with Drinks Ireland director Cormac Healy stating, “We believe that adopting practical and balanced policies for both the home and export markets will safeguard this critical Irish industry into the future”.