The value of Irish dairy exports down almost 8% in 2023
Acid Casein
Published Jan 11, 2024
Tridge summary
Irish dairy exports decreased by 8% to €6.3 billion in 2023, contributing to a 4% drop in Irish food exports. The decrease was due to a downturn in global dairy markets, resulting in high stocks of expensive dairy products in the early part of 2023 that struggled to work their way through the supply chain. Despite price declines, the Middle East saw a 24% growth in dairy exports to reach €390 million.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The value of Irish dairy exports stood at €6.3 billion in 2023, down almost 8% when compared to the previous year, according to new data. The Bord Bia Export Performance and Prospects Report 2023—2024, published today (Wednesday, January 10), shows that the overall value of Irish food exports for last year was almost €16.3 billion. This is a drop on the 2022 figure of around €16.7 billion, which was a “record breaking” increase of 22% on the 2021 figure. Dairy exports David Kennedy, Bord Bia head of dairy, said that following “a fantastically positive performance in 2022”, global dairy markets took a downturn leading to a “poor” export performance across all destinations. He said that strong farmgate milk prices in the second half of 2022 lead to increased supply. This resulted in high stocks of expensive dairy products around the world at the start of 2023 which struggled to work their way through the supply chain. Kennedy added that the cost of living crisis meant that ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.