Report values Irish alcohol exports at more than €1bn01/05/2012 - 14:32:35
The Drinks Industry Group of Ireland (DIGI) has published a new report that reveals Ireland is just outside the top 10 exporters of alcohol in the world.
The report, Beverage Exports 2000-2011, by Anthony Foley of Dublin City University Business School, says that Ireland is ranked 11th internationally in terms of size of alcohol exports.
It also concludes that the value of Irish alcohol drinks exports are more than €1bn.
The report shows that the impact of beverage exports on the domestic economy far outweighs other products manufactured in Ireland for international markets, due to the high level of locally sourced inputs.
The report also shows that while the United Kingdom and North America continue to be the main markets for Irish beverages overseas, there is major potential for additional sales to China, India and other major emerging markets.
The author of the report, Anthony Foley, said: “Ireland continues to over-perform in terms of beverage exports.
"In terms of international position Ireland is ranked 11th in order of size of alcohol exports compared to 33rd for overall merchandise exports. The Irish share of world alcohol exports is 2.4% compared with 0.8% for overall merchandise exports.
"The value of these exports increased each year from 2000 to 2003 when it reached €1bn in value for the first time. This peaked in 2007 when over €1.3bn worth of products were exported, and while there have been declines in recent years due to the international recession, the future remains positive given the wider success of Irish food and drink products in key global markets."
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