![Latest on International Confectionery: Food & drink exports continue to fall in 2024Food and drink exports have continue...](https://img3.medioq.com/720/480/1182566207204807.jpg)
20/12/2024
Latest on International Confectionery: Food & drink exports continue to fall in 2024
Food and drink exports have continued to fall in Q3, with exports in the first nine months of 2024 down 10.2% to £16.3bn, driven by a significant drop in alcohol sales. While the value of food and non-alcoholic drink exports remained steady (up 1.2%), this masks a fall in volume of 16.3%, an impact of high food and drink inflation and trade barriers.
The EU remains the UK’s biggest trading partner for food and drink. While exports to Ireland and Germany rose slightly by 3.0% and 1.4% respectively, these were the exceptions. Overall, exports to the EU have fallen 5.3% in the first nine months of the year, with the persistent administrative burdens that continuing to create barriers to trade with Europe. Targeted export support and a concerted focus on removing unnecessary paperwork, particularly for small and medium sized businesses, would be invaluable in helping the sector to recover this lost trade.
Read more here: https://in-confectionery.com/?p=32352&preview=true
International Confectionery is a bi-monthly magazine focusing on all the latest news, trends, manufacturing equipment and technologies from the global sweets, snacks, bakery and chocolate industries.