UK food and drink exports grow in 2014

Posted on 22 Sep 2014 by Victoria Fitzgerald

UK food and non-alcoholic drink exports rose to £6.5bn in the first six months of the year, according to a report released today by the Food and Drink Federation.

The boost is an increase of 4.8% on the same period in 2013.

Exports performed well in both non-EU markets, with an increase of 12%, and an increase of 2.5% in the EU, despite pressures such as stronger sterling and falling EU GDP working against British exporters.

FDF’s latest update also found that the food and non-alcoholic drink trade balance improved by 4.9% to a deficit of £12bn, welcome news in contrast to the trade balance for all UK products worsening by 84% in the first half of 2014.

Including alcoholic drinks, total food and drink exports were down 0.5% on 2013, largely due to a decline in whisky exports as growth slowed in Asia and other leading markets.

Ireland and France remain the UK’s biggest food and drink export markets by value. By value gained however, Algeria shot into second place as exports of skimmed milk powder (+£37m) and cereals (+13m) drove a +429% increase in sales to the market.

Value added products performed well in both the EU (+4.7%) and non-EU (+10.2%) and the top five best performing value added products generated export gains of £208m.

REPORT HIGHLIGHTS

Top product categories

 

 

Top performing markets

 

Salmon:

+31% to £261m

 

Algeria:

+429% to £61m

Chocolate:

+1% to £253m

 

Portugal:

+45% to £49m

Cheese:

+12% to £249m

 

Hong Kong:

+28% to £94m

Breakfast cereals:

-2% to £189m

 

Poland:

+26% to £122m

Soft drinks:

0% to £188m

 

Norway:

+26% to £80m

 

To help boost international trade, FDF and Open to Export have launched Food & Drink Export Month on opentoexport.com. A joint initiative between Open to Export, Government and industry, the Food and Drink Export Month runs from 15 September – 10 October and features free-of-charge live webinars, guides and case studies, designed to help small and medium-sized food and drink companies grow their exports business.

FDF’s economic and commercial services director, Steve Barnes, commented:

“Against a backdrop of challenging conditions in food retail in the UK and overall goods exports falling, food and non-alcoholic drink exports continue to grow well and individual products to certain markets are experiencing rapid growth.

“Our brands have been working hard to develop new opportunities in international markets and to help businesses boost exports further we have been working with Government and others to introduce a raft of new resources and expert advice on opentoexport.com this autumn.”