Bord Bia – the Irish Food Board – has recently released their Performance and Prospects report to inform share the latest performance figures of Irish food and drink exports for the year gone by and the prospects for the year ahead. 2022 proved to be a landmark year for Irish drinks exports as the total value of drinks exports is estimated to approach €2 billion, with an increase of €360 million.
For reference from Inside the Cask: What’s the craic with Irish Spirits?
As Michael Hussey, Bord Bia’s Senior Sector Manager – Drinks reports, the value of exports in 2022 represents a 25% increase on 2019 levels, and this growth helped to offset the impact of an increasingly challenging input cost environment, such as glass prices (pictured below).
This performance was driven by strong growth in the value of exports of Irish whiskey, up 25% and Irish cream liqueur, up 14%. The recovery of Irish beer exports, up 19%, and the emergence of the Ready To Drink category (RTDs) in Ireland supplemented this growth.
Irish whiskey remains a key driver of growth with exports estimated to be just under €1 billion.
Premiumisation of Irish drinks was one of the key factors in export value growth, with overall value growing at more than twice the rate of volumes. This continues the trend evident in the Irish drinks category over the past few years.
The full report can be found here: Bord Bia 2022 2023 export performance prospects final.
or alternatively from the Bord Bia website.
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