The value of Irish dairy exports down almost 8% in 2023

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 ...