Saturday, August 8, 2020

UK’s food & drink exports bypass EU to reach £6.2bn in third quarter

Growth to non-EU countries has helped increase the UK’s third quarter food and drinks exports to £6.2 billion, a new report reveals.

The report, from the Food and Drink Federation (FDF), shows that there was an increase of 13.1% in export value growth to non-EU countries – over double that of exports to the EU.

During the first nine months of the year, all the UK’s highest value exported products have grown – with whisky, salmon, wine, gin, and pork increasing by over 10% on the same period last year. Salmon, beef and gin have also seen volume growth above 10%.

Sales of branded goods to the EU have declined (-3.2%) in Q3 and over the first nine months of the year (-2.1%), which has not been helped by ongoing uncertainty around the terms of the future UK-EU trading relationship.

When looking at the UK’s top markets for branded goods, most of those within the EU have declined over the year-to-date, which reinforces anecdotal evidence that key buyers are starting to look elsewhere due to current uncertainty in the UK.

Outside of the EU, food and drink exports to the UK’s seventh largest trading partner, China, have seen a significant increase since Q3 2018, rising by £64.6 million. This is the largest value increase in over two decades.

Approximately 17% of UK food and drink exports to China were branded products. Among these, the fastest growing product is prepared foods for infants. Top UK products sold in China included meat (131.2%), fish and seafood (3.6%) and spirits (35.5%) in the first nine months of the year.

“This is the fourth consecutive year of food and drink export growth in Q3,” said FDF President Gavin Darby.

“While the overall value of UK exports across all industries has declined year-to-date, food and drink has shown great resilience to buck that trend, delivering growth of 6.3% on 2018 already.

“Although sales of branded goods to the EU have declined, encouragingly our sales to non-EU countries has increased by over 9% so far in 2019. At the same time, there remains significant untapped growth potential for UK food and drink exports.

“If we are to build on recent successes, the next Government must ensure we have a dedicated future trade policy for food and drink which recognises our industry’s unique ability to deliver jobs and growth in every UK community.

“They should also co-invest in the FDF’s proposals for a genuinely business-led approach to specialist exports support.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.















Latest news

Future Food-Tech summit to bring experts together virtually next month

Next month, C-Suite food brand executives, investors and entrepreneurs from all four corners of the globe will come together for the virtual Future Food-Tech...

Biodesign start-up raises $91m to expand Ingredients-as-a-Service platform

A California-based biodesign start-up has raised more than $91 million to expand its global Ingredients-as-a-Service platform. According to Geltor, the $91.3 million Series B financing...

Food maker secures finance as it expands into vegan market

A Welsh food producer has secured a seven-figure finance package to expand its product development activity as it moves into the vegan market. The financing...

Kite Packaging donates thousands to charities

Kite Packaging has donated £9,000 to a range of charities across its regional bases. The employee-owned business has seven Regional Distribution Centres located around the...

Alpro adds new oat-based yoghurt to Big Pot range

Alpro has added an oat-based yoghurt alternative to its Big Pot range in the UK. The plant-based brand said that its new Absolutely Oat yoghurt...

High-tech UK food manufacturing campus secures £12m

The UK Government has agreed to provide £12m in funding to help launch a revolutionary high-tech food manufacturing campus in Derby. The new £300m high-tech...

Related news

Future Food-Tech summit to bring experts together virtually next month

Next month, C-Suite food brand executives, investors and entrepreneurs from all four corners of the globe will come together for the virtual Future Food-Tech...

Biodesign start-up raises $91m to expand Ingredients-as-a-Service platform

A California-based biodesign start-up has raised more than $91 million to expand its global Ingredients-as-a-Service platform. According to Geltor, the $91.3 million Series B financing...

Food maker secures finance as it expands into vegan market

A Welsh food producer has secured a seven-figure finance package to expand its product development activity as it moves into the vegan market. The financing...

Kite Packaging donates thousands to charities

Kite Packaging has donated £9,000 to a range of charities across its regional bases. The employee-owned business has seven Regional Distribution Centres located around the...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close