First quarter food and drink exports grow by 5.5% to £5.2 billion

24 May 2018 1:39 PM | Anonymous

The first quarter (Q1) of 2018 saw exports of food and drink rise by 5.5% (year-on-year) from £5.0bn in Q1 2017 to £5.2bn.

The full exports report, including supporting information about Q1 2018 food and drink exports, can be found on the FDF website. Click here to view

Q1 2018 food and drink export growth to EU markets (+8.2%) rose quicker than to non-EU markets (+1.2%).

Positive growth was recorded amongst all of the top ten products (including whisky, chocolate, cheese, wine and beef), apart from salmon and beer.

The latest export statistics from the Food and Drink Federation (FDF) reveal that Q1 2018 exports of food and drink have grown by 5.5% to £5.2bn, from £5.0bn in Q1 2017. Total exports to EU markets (+8.2%) grew faster than those to non-EU markets (+1.2%).

Each of the top ten product categories saw growth apart from salmon and beer, which were down £40.7m, and £16.1m respectively when compared to Q1 of 2017. Of the top ten product categories, breakfast cereals saw the fastest growth, up 30.3% to £111.2m..

Japan - UK exports of food and drink have grown over the past ten years, but at a rate below the average growth rate of exports from EU27 nations. In Q1 2018, exports to Japan rose by 5% on the previous year to £56.7m.

The Japanese market recorded significant growth in categories including sweet biscuits (119%), pork (88%), soft drinks (90%) and cheese (507%). It is hoped the Rugby World Cup in 2019 and the 2020 Olympics in Japan will present further opportunities to build on this growth and strengthen trading ties between the UK and Japan.

Elsa Fairbanks, Director, Food & Drink Exports Association (FDEA), said:

“We are greatly encouraged that 2018 has got off to such a strong start across a wide range of countries both established markets within the EU and emerging markets in Asia. Growth in our largest market, Ireland highlights the need for a frictionless border between North and South.

“It is a testament to the investment and effort that UK food and drink exporting companies are putting into international sales. Hopefully this will encourage more businesses to research new opportunities outside the UK.”

Read more at www.fdf.org.uk


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