Value of Irish-made products rose in 2013 - CSO

Friday 18 July 2014 11.20
The value of food and beverage products made and sold by Irish firms rose 6.7% last year
The value of food and beverage products made and sold by Irish firms rose 6.7% last year

The value of products manufactured and sold by Irish firms rose last year, according to the Central Statistics Office, as pharmaceutical and food production increased.

Almost €90bn worth of products were made and sold by Irish industrial enterprises during 2013, according to the figures, which was 4.6% higher than in the previous year.

The value of basic pharmaceutical products and preparations rose 7.2% to €29bn, while the value of food products was 6.7% higher at €18.9bn

Electrical goods were down sharply, however, losing 8.8% of their value to €9.6bn.

Last year more than €40bn – or 44.6% - of Irish product sales were in the chemical and pharmaceutical category. This is a higher proportion than was recorded in 2012.

Chemical and pharmaceutical products made up 11.7% of sales value across most European Union countries in 2012 with the exception of Croatia, which only became a member last year.

Almost 24% of Irish product sales last year were in the food and beverages sector, while computer and electrical sales accounted for 10.7% of the value.

The figures are part of the CSO’s 2013 Prodcom survey, which is the EU’s standard classification of production statistics.