Tridge summary
Despite the challenges of the Covid-19 pandemic and Brexit, Ireland's food and drink exports performed well in 2021, with the UK remaining a primary export market. Bord Bia has set new targets to further grow the value-chain of Irish food and drink exports, with plans to increase the value of dairy, meat, and livestock exports by 11%, and prepared consumer food exports by 14%. The Irish dairy sector also had a strong performance in 2021, with the value of exports exceeding €5bn for the third consecutive year, and the diversification of the sector paying dividends by accounting for more than 50% of total exports to countries other than the EU and the UK. However, the sector faces challenges such as increased supply chain and input costs, the ongoing impact of Brexit, and a tightening labor market, as well as the need to embed sustainability within all production, manufacturing, and distribution activities.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Ireland exports about 90% of its food and drink production. Given the ongoing Covid-19 pandemic and the fact that the UK is now operating outside of the EU Customs Union, the performance of the Irish export sector was robust in 2021. Bord Bia has also published new three-year targets to further contribute to the growth in the value-chain of Irish food and drink exports as part of the launch of its new 10-year Statement of Strategy. The plan envisages a significant expansion in the value growth of Irish food and drinks exports during the period, including an 11% increase in the value of dairy, meat and livestock exports, and a 14% jump in prepared consumer food exports. The UK remains a primary export market for Ireland. In 2021, 33% of Ireland’s total food and drink exports were destined for the UK, with 34% headed for international markets outside the UK and EU, and 33% for the EU. Two-thirds of Prepared Consumer Foods (PCF) are exported to the UK and experienced a 1% increase ...
Source: Dairyreporter
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