Ireland is 11th largest alcohol exporter worldwide
01 May 2012 15:58
Ireland is the 11th largest alcohol exporter in the world with an industry valued at over €1 billion according to a new report.
The report by Dublin City University Business School was published by the Drinks Industry Group of Ireland (DIGI) and showed that the Irish share of the world alcohol export market is 2.4% compared with 0.8% for overall merchandise exports.
The research also showed that 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.
'Our drinks exports are therefore a major national success story, with a current value in excess of €1 billion," DIGI Chairman Kieran Tobin.
"While there was a modest slowdown in export performance in 2011, according to initial CSO data, following a strong 11% growth in 2010, current estimates for 2012 and beyond are very encouraging."
Alcohol exports peaked in 2007 when €1.3 billion worth of products were sold abroad.
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