Overseas Market Introduction Service For Sea Fish Industry Authority Order Reference: IRE 0739 Report on the Irish Seafood Market Produced by Gavin Davidson, Trade Advisor, British Embassy, Dublin. Tel: 00353 (0)1 205 3759 E-mail: gavin.davidson@fco.gov.uk Due Date of Document: Wednesday, the 6th February 2013 The Overseas Market Introduction Service (‘OMIS’) is provided by the Commercial Departments of Diplomatic Service Posts overseas as part of the joint trade development operation, UK Trade & Investment (‘UKTI’), of the Foreign and Commonwealth Office (‘the FCO’) and the Department for Business, Innovation and Skills (‘BIS’). Whereas every effort has been made to ensure that information provided through OMIS is accurate, these Commercial Departments, UKTI, the FCO and BIS accept no liability for any errors, omissions or misleading statements in such information and accept no responsibility as to the standing of any firm, company or individual mentioned. Any party interested in the goods or services provided by any company referred to in OMIS material should undertake their own research and should not consider a reference in OMIS material to be an endorsement of any goods, services or companies mentioned. Sea Fish Industry Authority - OMIS IRE 0739 Table of Contents Part One: Introduction ........................................................................... 3 Part Two: Background ............................................................................ 4 - Barriers to Entry ................................................................................ 4 - Routes to Market................................................................................ 4 Part Three: Matching Profile .................................................................... 5 - The Trade Environment ........................................................................ 5 The Sea Fisheries Sector ....................................................................... 6 Consumer Preference Trends ............................................................... 10 Retail Sales Trends ............................................................................ 11 International Trade Trends .................................................................. 14 Part Four: Doing Business Profile ............................................................. 15 - Supermarket Retailers ....................................................................... 15 - Labelling of fish and fishery products..................................................... 16 Part Five: Further Infrmation ................................................................. 18 UK Trade & Investment, Dublin - Useful Websites................................................................................ 18 Appendix – Ireland: An Overview ........................................................... 200 B) Geography ................................................................................ 211 C) Population ................................................................................ 222 D) Trade......................................................................................... 24 E) Public Holidays ........................................................................... 266 F) Transport Infrastructure ................................................................ 277 G) Business Costs ............................................................................ 288 2 Background to the Report Sea Fish Industry Authority - OMIS IRE 0739 Seafish commissioned UKTI Dublin to produce a market research report on the seafood sector in Ireland. Part One: Introduction By numerous measures, a small country, Ireland continues to remain an important supplier, processer and consumer of fishery products, far in excess of what would be expected. Naturally, this is largely due to its geographical dimensions – an island – together with its strategic position on the western coast of Europe. The Atlantic Ocean lies to its west, the Irish Sea to its east, the North Atlantic to its north (which it shares with Northern Ireland) and the Celtic Sea to its south. 3 UK Trade & Investment, Dublin Moreover, each is influenced by the warm tropical waters of the Gulf Stream originating in the Gulf of Mexico. This has ensured a marine environment rich in a wide variety of fisheries, ensuring an established seafood export and import market for British business seeking to expand internationally. Sea Fish Industry Authority - OMIS IRE 0739 Part Two: Background Barriers to Entry There are few, if any, official or unofficial barriers to entry for UK companies in the Irish market; same language, geographically close, similar business and legal culture, fellow member state of EU etc. However, as a small country, the active business community is even smaller. Contacts and connections can be important here. Routes to Market The Irish business culture places great importance on face-to-face contact. Irish business people are generally generous with information and their time. They are particularly appreciative of foreign business people who take the time and effort to visit Ireland. Aside from direct sales, possible routes to market include partnerships, distributors or agents, marketing organisations and web-based procurement channels. 4 UK Trade & Investment, Dublin The latter is particularly relevant for state contracts, where many projects of various sizes are advertised on a single government procurement website. Sea Fish Industry Authority - OMIS IRE 0739 Part Three: Matching Profile - The Trade Environment Table 1: Fast Facts on Ireland (‘Republic of Ireland’) Geography Land Area Tidal and Fresh Water Area Coastline Capital Other Main Cities 6,841,891.4 Hectares 191,843.64 Hectares (= 7,033,735.04 Hectares in Total) 2,796.63 Kilometres Dublin Cork, Galway, Waterford and Limerick Population, Language & Culture Population 4.7 million Number of Households 1.47 Million Languages English, Irish (also known by its official translation,‘Gaeilge’) Religion Roman Catholic (87.4%), Church of Ireland (2.9%), Other Christian (1.9%), Other (7.8%) Trade Total Food and Drink (2011) Exports from the UK to IRE Total Food and Drink (2011) Exports from IRE to the UK $187.1 Billion (in Purchasing Power Parity terms) 1.4% $40,800 (in Purchasing Power Parity terms) 2.6% 14.4% EURO (€) 0.86 £3.22 Billion Circa 18% of all UK exports to IRE £3.70 Billion Circa 29% of all IRE Exports to the UK Source: UKTI / Dpt. For BiS, CIA Factfile, Irish Central Statistics Office UK Trade & Investment, Dublin Economy Total GDP (2011) Real GDP Growth Rate (2011) GDP per Capita (2011) Inflation Rate (2011) Unemployment Rate (2011) Currency Average Exchange Rate £GBP per €1 E.U. Member (including the Common Fisheries Policy) Parliamentary Democracy 5 Politics European Union Status Government Type Sea Fish Industry Authority - OMIS IRE 0739 - The Sea Fisheries Sector Headline Figures In 2010, there were a total of 21,793 landings into Irish Ports accounting for 245,956 tonnes of pelagic, demersal and shellfish species with an overall value of €207,828,921. Landings, Nationality, Weight & Value Irish vessels represented 20,473 of these landings, accounting for 94% of the total number of landings into Ireland in 2010. Weight & Value: The combined weight of Irish vessels’ landings in Ireland represented 164,616 tonnes (67% of the tonnage landed in Ireland) with a value of €158,776,340 (76% of catch landed in Ireland by value). Foreign vessels accounted for 1,320 of the landings, representing 6% of the total landings into Ireland in 2010. Nationality: These included: 528 landings from French vessels; 375 landings from Spanish vessels; 329 landings from UK vessels; and 73 landings from Norwegian vessels. German and Belgian fishing vessels landed six and five times here respectively, and fishing vessels from Denmark, the Netherlands, Portugal and Greenland each landed once. Weight & Value: The weight of foreign vessels landings in Ireland accounted for 81,340 tonnes of pelagic, demersal and shellfish species (33% of the tonnage landed in Ireland) with a combined value of €49,052,581 (24% of the catch landed in Ireland by value) 1 2 3 4 5 6 7 8 9 10 Species Value (€) Live Weight (Tonne) Atlantic Mackerel 44,708,000 42,591 Norway Lobster 33,394,000 7,931 Blue Whiting 32,028,000 60,527 Hake European 24,423,000 13,315 Monk / Angelfish 24,266,000 8,139 Scallop / Great Atlantic 16,806,000 2,266 Horse Mackerel Nei 16,082,000 31,977 Megrim Nei 12,996,000 4,472 Lobster European 9,103,000 735 Atlantic Herring 8,139,000 18,551 Source: The Sea Fisheries Protection Authority (‘SFPA’), Ireland 6 Rank UK Trade & Investment, Dublin Table 2: Top 10 Species Landed - 2011 Sea Fish Industry Authority - OMIS IRE 0739 Table 3: Top 20 Landing Ports – 2011 Port Name Value (€) Live Weight (Tonnes) Killybegs 72,855,000 149,321 Castletownbere 45,078,000 25,427 Kilmore Quay 18,392,000 3,722 Dingle 17,422,000 10,926 Dunmore East 12,814,000 8,518 Ros a Mhil 9,874,000 4,230 Howth 9,657,000 3,362 Union Hall 7,722,000 3,000 Greencastle 6,355,000 3,337 Clogherhead 4,767,000 1,335 Duncannon / St. Helens 4,652,000 2,195 Ballycotton 3,402,000 1,171 Ringaskiddy 3,105,000 7,896 Rosslare 2,743,000 1,523 Kinsale 2,462,000 1,293 Baltimore 2,227,000 2,697 Skerries 2,133 1,065 Wicklow 1,746 1,835 Bannow 1,730 824 Waterford 1,619 426 Source: The Sea Fisheries Protection Authority (‘SFPA’), Ireland Pelagic Species In 2010, total landings of pelagic species (e.g. Mackerel, Herring, Horse Mackerel and Blue Whiting) into Irish ports amounted to 164,517 tonnes with a value of €60,880,274. Nationality & Weight: The majority of pelagic tonnage landed by foreign vessels in Ireland was from Norwegian vessels (53,016 tonnes). Other nationalities landed pelagic species as follows: Netherlands (3,399 tonnes), Greenland (2,723 tonnes), UK (2,203 tonnes), Denmark (193 tonnes), Spain (98 tonnes), France (11 tonnes) and Belgium (0.2 tonnes). Nationality & Value: The values of pelagics landed by these nationalities in Ireland (from highest to lowest) were: Norway (€10,603,120), Netherlands (€1,244,043), United Kingdom (€861,571), Greenland (€544,516), Spain (€232,507), Denmark (€57,894), France (€8,808) and Belgium (€190). 7 Foreign vessels landings totalled 61,642 tonnes (37%) of the weight and €13,552,648 (22%) of the value of pelagic species landed in Ireland. UK Trade & Investment, Dublin Irish vessels’ landings of pelagic species into Ireland accounted for 102,875 tonnes (63%) of total Pelagic Landings in Ireland representing €47,327,625 (78%) of the total value of these landings in 2010. Sea Fish Industry Authority - OMIS IRE 0739 Demersal Species In 2010, landings of Demersal species were 40,867 tonnes with a value of €79,284,793. Irish vessels’ landings accounted for 58% of this tonnage (23,665 tonnes) representing 60% of the overall value of demersal species landed into Irish Ports (€47,474,967). Table 4: The 10 Most Commercially Significant Demersal Species Landed by Irish Vessels in Ireland Rank Species Tonnes € 000's € / Tonne 1 Monk/Anglerfish 4,083 12,726 3,117 2 Megrim 2,611 6,227 2,385 3 Whiting 4,522 5,591 1,237 4 Haddock 3,469 4,717 1,360 5 Hake 2,003 3,708 1,851 6 Cod 1,252 2,852 2,278 7 Sole 202 1,965 9,719 8 Pollock 955 1,516 1,587 9 Turbot 160 1,336 8,378 10 Saithe 808 815 1,009 Source: The Sea Fisheries Protection Authority (‘SFPA’), Ireland Price: This represents an average value of €3,292 per tonne for these 10 demersal species landed by Irish vessels in Ireland. Table 5: The 10 Most Commercially Significant Species Landed by Foreign Vessels in Ireland Tonnes € € / tonne 1 Hake 8,234 11,803,000 1,433 2 Monk/Anglerfish 4,061 11,140,000 2,743 3 Megrim 2,332 5,039,000 2,161 4 Haddock 616 827,000 1,342 5 Ling 676 787,000 1,164 6 John Dory 108 455,000 4,193 7 Witch 223 287,000 1,288 8 Lemon Sole 103 237,000 2,295 9 Sole 19 183,000 9,594 10 Turbot 25 180,000 7,221 Source: The Sea Fisheries Protection Authority (‘SFPA’), Ireland UK Trade & Investment, Dublin Species 8 Rank Sea Fish Industry Authority - OMIS IRE 0739 Price: This gives an average value of €3,343 per tonne for these demersal species landed by foreign vessels in Ireland in 2010. 9 UK Trade & Investment, Dublin Foreign vessels: landings of demersal species accounted for 17,202 tonnes (42%) of the total tonnage of demersal species landed in Ireland and €31,809,826 (40%) of the value of these landings. Sea Fish Industry Authority - OMIS IRE 0739 - Consumer Preference Trends As of recent research conducted in 2012, Irish consumer trends mirror those currently seen globally. These can be seen in five distinct areas: ‘Fluid Lives’; ‘Simple Pleasures’; ‘Responsible Living’; ‘Quest for Health & Wellness’; ‘Consumers in Control’; and ‘Keeping it Real’. Table 6: Understanding Irish Consumer Behavior Fluid Lives Irish consumers increasingly have more free time at home to prepare meals. 65 % of consumers cook meals from scratch at least a few times a week. This has increased 16 % in the year to the end of 2012. 35 % of consumers explain that they use convenience meals less often compared to 12 months ago, this figure increased by 5 % from 2009. Simple Pleasures Irish consumers increasingly make use of their free time by trying new foods, improving their cooking skills and using digital media to do so. 46 % of consumers regularly look up recipes online to give them ideas and new flavours / meals. 35 % of consumers have downloaded a recipe from the internet, with 18 % having downloaded a mobile phone based food application. Responsible Living Irish consumers are conscious of environmental issues and these can affect their purchasing behaviour. 44 % of consumers do not believe the claims made by environmentally friendly products, although 55 % state that they prefer to buy from companies that are aware of the impact of environmental issues. 65 % of consumers are aware of the term ‘Carbon Footprint’ although 47 % of consumers have not heard of the term ‘Food Miles’. Quest for Health & Wellness Irish consumers are managing their diet, by, for example, increasing their intake of fruit and vegetables. 56 % agree that if they purchase something that was not on sale, they feel like they have overpaid. 43 % of consumers agree with the statement that “supermarket deals always come with a catch”. Keeping it Real Irish consumers are moving back to basics with regards to cooking and purchasing items that they may not really need. 51 % of consumers buy “local food” at least one or more times a week. 66 % of Irish consumers are more likely to spend the time researching a product before making a purchase. Source: Irish Food Board, (‘Bord Bia’), Understanding Irish Consumer Behaviour, June 2012 10 UK Trade & Investment, Dublin 92 % of consumers try to eat a lot of fruit and vegetables, however only 11 % on average eat more than 5 pieces of fruit and vegetables a day. 62 % of consumers have made it a top priority to live a healthy lifestyle. Consumers in Control Irish consumers are maintaining control of their finances by planning their shopping and cooking to achieve value. Sea Fish Industry Authority - OMIS IRE 0739 - Retail Sales Trends Headline Figures As of the year ending May 2012, the total fish sales in Ireland increased by 8 %, driven in part by increased purchase frequency, which increased by 2 %. As such, as of writing, fish is now the third largest food consumed among the ‘protein market’, ahead of lamb and pork. Total Fish Market Sales Figure 1: Year-on-Year Total Fish Sales in the Irish Retail Market to May 2012 Total Fish Sales +8% Fresh Fish Sales Frozen Fish Sales + 7.8 % + 8.3 % Prepacked Fresh Fish Sales + 5.2 % Ready-to-Eat Fresh Fish Sales - 12.9 % Source: Irish Food Board, (‘Bord Bia’), Irish Seafood Retail Sales, May 2012 UK Trade & Investment, Dublin + 16 % + 13 % 11 Raw Fresh Fish Sales Loose Fresh Fish Sales Sea Fish Industry Authority - OMIS IRE 0739 Total Fresh Fish Sales Figure 2: Fresh Fish Sales in the Irish Retail Market to the three months ending the 13th May 20121 Total Fresh Fish Sales €29,185,000 + 7.8% Volume of Sales Average Price 2,368,000 kg + 8.9% €12.33 / kg - 1.0% Volume per Buyer Buyers 2.21 kg + 7.4% 1,070,000 + 1.4% Frequency Volume per Trip Penetration Total Households 5.1 times/month + 11.8% 0.44 kg - 4.0 % 65.5% + 1.4% 1,633,000 + 0.1% UK Trade & Investment, Dublin Source: Irish Food Board, (‘Bord Bia’), Irish Seafood Retail Sales, May 2012 In this figure and the following, the time reference period referred to is the most recent available. 12 1 Sea Fish Industry Authority - OMIS IRE 0739 Total Frozen Fish Sales Figure 3: Frozen Fish Sales in the Irish Retail Market to the Three Months Ending the 13th May 2012 Total Frozen Fish Sales Average Price 2,359,000 kg + 16.7% €8.29/ kg - 7.2% Volume per Buyer Buyers 2.10 kg + 13.5% 1,124,000 + 2.8% Frequency Volume per Trip Penetration Total Households 3.9 times/month + 10.4% 0.54 kg -2.8 % 68.8% + 2.7% 1,633,000 + 0.1% Source: Irish Food Board, (‘Bord Bia’), Irish Seafood Retail Sales, May 2012 13 Volume of Sales UK Trade & Investment, Dublin €19,553,000 + 8.3% Sea Fish Industry Authority - OMIS IRE 0739 - International Trade Trends Table 7: UK Share & Export Opportunities Germany Egypt Spain France UK Italy Japan Nigeria Netherlands Russia Other Countries Seafood Imports to IRE % of € Total Imports 14,532,000 7.7 318,000 0.2 15,434,000 8.1 100,583,000 53.1 620,000 0.3 33,000 0.0 0 0.0 4,801,000 2.5 6,000 0.0 53,058,000 28.0 Seafood Exports from IRE % of € Total Exports 27,145,000 6.5 8,060,000 1.9 60,708,000 14.6 119,948,000 28.8 37,022,000 8.9 22,031,000 5.3 7,871,000 1.9 24,815,000 6.0 15,456,000 3.7 20,126,000 4.8 73,499,000 17.6 EU Countries Only 157,263,000 329,000,648 Country 83.0 79.0 Total 189,383,000 100 416,682,000 100 Source: Irish Central Statistics Office, Trade Statistics Yearbook 2011. Strong price increases for all species; Increased demand for Irish organic salmon; Diversification of shell fish exports; Challenging market environment for mussels; Strong oyster prices, but volumes well back; and Pelagic volumes lower due to quota restrictions and price resistance. Irish Food Board (‘Bord Bia’), Export Performance & Prospects: Irish Food, Drink & Horticulture 2011 / 12 14 2 UK Trade & Investment, Dublin Reporting on Irish seafood’s export performance, the Irish food board’s most recent annual report observed the following trends for 20112: Part Four: Doing Business Profile - Supermarket Retailers Table 8: Supermarket Retailers in Ireland Overall Market Share Address Phone Website Share of Overall Market of... Buying Practices Other Information Tesco Dunnes Stores Supervalu Lidl Superquinn Aldi 28.4% 22.4% 19.8% 6.4% 5.5% 5.2% Gresham House, Marine Road, Dun Laoghaire, County Dublin. 46-50 South Great George’s Street, Dublin 2. (‘Musgrave Goup’), Musgrave House, Ballycurreen, Airport Road, County Cork. Great Connell Road, Newbridge, County Kildare. (‘Musgrave Goup’), Musgrave House, Ballycurreen, Airport Road, County Cork. Newbridge Road, Naas, County Kildare. 00353 (0)1 280 8441 00353 (0)1 475 1111 00353 (0)21 452 2100 00353 (0)45 440 400 00353 (0)21 452 2100 00353 (0)45 846 300 www.tesco.ie www.dunnesstores.com www.supervalu.ie www.lidl.ie www.superquinn.ie www.aldi.ie Frozen Only Fresh Prepacked Frozen Only Fresh Prepacked Frozen Only Fresh Prepacked Frozen Only Fresh Prepacked Frozen Only Fresh Prepacked Frozen Only Fresh Prepacked 28.3% 25.6% 23.7% 22.1% 17.6% 19.3% 8.4% 6.4% 3.9% 9.1% 8.4% 6.4% Buy direct Buy direct Buy direct Buy direct Fresh seafood counters in some larger stores. Mainly frozen and / or prepacked seafood sales. Fresh seafood counters in some larger stores. Mainly frozen and / or prepacked seafood sales. Fresh seafood counters in some larger stores. Mainly frozen and / or prepacked seafood sales. Frozen and / or prepacked seafood sales only. Buy direct Fresh seafood counters in some larger stores. Mainly frozen and / or prepacked seafood sales. Buy direct Frozen and / or prepacked seafood sales only. Source: Irish Food Board, (‘Bord Bia’), Irish Seafood Retail Sales, May 2012 Sea Fish Industry Authority - OMIS IRE 0739 - Labelling of fish and fishery products All Food - General Legislation Under general labelling legislation, the following must appear on the label: Name under which the product is sold *; List of ingredients; Quantity of certain ingredients; Net quantity *; Date of minimum durability *; Any special storage instructions or conditions of use; Name or business name and address of the manufacturer or packager, or of a seller within the European Union; Place of origin of the foodstuff, if its absence might mislead the consumer to a material degree; Instructions for use, where necessary; Beverages with more than 1.2% alcohol by volume must declare their actual alcoholic strength *. * These details must appear in the same field of vision Seafood – EU Legislation Council Regulation (EC) 104/2000 (OJ L17, p22, 21.01.2000) of the 17th of December 1999 on the common organisation of the markets in fishery and aquaculture products. Commission Regulation (EC) 2065/2001 (OJ L278, p6, 23/10/2001) of the 22nd October 2001 laying down detailed rules for the application of Council Regulation (EC) 104/2000 as regards informing consumers about fishery and aquaculture products. Seafood – National Legislation Regulations, 2003 (S.I. No.320 of 2003) The purpose of S.I. 320 of 2003 is to give effect to Article 4 of Council Regulation (EC) 104/2000 and to Commission Regulation (EC) 2065/2001, which lay down the conditions for informing consumers about fishery and aquaculture products. The Regulations set out specific information which must be included on the label of fish, fishery products and aquaculture products offered for retail sale to the final consumer. Details such as the common or commercial name, the production UK Trade & Investment, Dublin European Communities (Labelling of Fishery and Aquaculture Products) 16 method and the catch area must be indicated. A list of the commercial Sea Fish Industry Authority - OMIS IRE 0739 designations of fish and fishery products, which may be sold in Ireland, is included in a Schedule to S.I. 320 of 20033. The Regulations apply to live fish, fresh, chilled or frozen fish, fillets of fish, smoked fish, salted and dried fishery products, as well as live or raw shellfish, such as oysters or mussels, raw or cooked whole prawns and shrimps. Processed products such as breaded fillets or ready-to-eat dishes are not covered by the Regulations. Fish purchased directly from a fisherman or fish farmer in small quantities, up to a value of €20, are not subject to the Regulations. At retail level, the products that fall within the Regulations must indicate on the label: The commercial designation of the species of fish; The production method, whether cultivated/farmed or caught at sea or freshwater; and The catch area. The catch area must consist of the following: In the case of products caught at sea, a reference to one of the areas mentioned in the Annex to Commission Regulation (EC) 2065/2001: In the case of products caught in freshwater, a reference to the Member State or third country of origin of the product; In the case of farmed products, a reference to the Member State or third country in which the product undergoes the final development stage. Where the product is farmed in more than one Member State or third country, the various Member States or third countries in which it is farmed The FSAI have published ‘Guidance Note No. 7 on The Labeling of Fish and Aquaculture Products, according to the European Communities (Labeling of Fishery and Aquaculture Products) Regulations 2003 (S.I. 320 of 2003) Revision 1’, which provides further details on the Regulations on the labeling of fishery and aquaculture products. This official list has been included as an additional document on the OMIS system. 17 3 UK Trade & Investment, Dublin can be indicated. Sea Fish Industry Authority - OMIS IRE 0739 Part Five: Further Infrmation - Useful Websites General Many Government funded bodies, regularly submit tenders, including for food supply contracts, onto the centralised Government procurement website. This website can be accessed at www.etenders.gov.ie. A further Government website, www.procurement.ie, also contains tenders, as well as a list of certain upcoming, as of yet unpublished, opportunities. For general information on Ireland, the publically funded Citizens’ Information Agency, www.citizensinformation.ie, together with the Irish Government’s gateway website, www.gov.ie, are useful starting points. Sector Specific The Sea-Fisheries Protection Authority www.sfpa.ie The Sea-Fisheries Protection Authority is an Irish statuary body charged with the effective and fair regulation of the Sea-Fishing and Seafood Sectors. Bord Iascaigh Mhara www.bim.ie An official agency, Bord Iascaigh Mhara helps to develop the Irish Seafood Industry by providing technical expertise, business support, funding and training, together with promoting responsible environmental practice. The Marine Institute It seeks to assess and realise the economic potential of Ireland's 220 million acre marine resource; promote the sustainable development of marine industry through strategic funding programmes and essential scientific services; and safeguard Ireland’s marine environment through research and environmental monitoring. 18 The Marine Institute is the Irish national agency responsible for Marine Research, Technology Development and Innovation (RTDI). UK Trade & Investment, Dublin www.marine.ie Sea Fish Industry Authority - OMIS IRE 0739 Bord Bia – The Irish Food Board www.bordbia.ie An official agency, Bord Bia exists to market Irish food both in Ireland and overseas. This includes seafood. The Irish Department of Agriculture, Food and the Marine www.agriculture.gov.ie A Government department, it is similar in purpose and scope to the Department for the Environment, Food and Rural Affairs in the UK. Gavin Davidson Trade Advisor |UK Trade & Investment| British Embassy, 29 Merrion Road, Dublin 4, Ireland. 19 UK Trade & Investment, Dublin Phone: 00353 (0)1 205 3759 E-mail: gavin.davidson@fco.gov.uk Websites: www.britishembassy.ie , www.ukti.gov.uk Appendix – Ireland: An Overview A) Key Economic Indicators - GDP Real Growth Rate (in 2007 2008 UK 3.5 -1.1 Ireland 5.2 -3.0 %) 2009 -4.4 -7.0 2010 2.1 -0.4 2011 2012 (f) 2013 (f) 0.7 0.6 1.5 0.7 0.5 2.3 Source: Eurostat Online Database Gross domestic product (‘GDP’) is a measure of the economic activity, defined as the value of all goods and services produced less the value of any goods or services used in their creation. - HICP Inflation Rate (in %) 2007 2008 2009 UK 2.3 3.6 2.2 Ireland 2.9 3.1 -1.7 2010 3.3 -1.6 2011 4.5 1.2 2012 (f) 2.7 0.8 2013 (f) 1.3 0.9 Source: Eurostat Online Database Harmonised Indices of Consumer Prices (‘HICP’) are designed for international comparisons of consumer price inflation. Forecast figures for 2012 and 2013 are taken from the OCED Economic Outlook, November 2011. - GDP per Capita in PPS 2007 UK 116 Ireland 148 2008 112 133 2009 111 128 2010 112 128 Source: Eurostat Online Database Purchasing Power Standards (‘PPS’) is an artificial common currency unit that exists for comparative purposes. As it is a common currency that eliminates the differences in price levels between countries, it allows meaningful volume comparisons of GDP between countries. If the index of a country is higher than the European Union’s 27 member state average of 100, this country's level of GDP per head is higher than the EU average and vice versa. Typical Hourly Gross Adult Wage in 2011 Junior Clerical/Admin Senior Clerical Senior Secretarial Technician – Entry level Technician – Senior level Supervisor Junior Accountant Ireland UK In Euros 15.6 12.3 28.69 21.42 24.14 18.26 15.69 12.3 20.32 28.69 24.14 Senior Accountant Middle Manager Senior Manager Dept. Head Ireland UK In Euros 37.29 29.23 40.85 32.95 49.03 41.87 58.84 53.19 15.56 General Branch Manager 124.36 105.75 Managing Director 21.42 (subsidiary) 219.04 165.47 18.26 Director 93.71 84.54 Source: Federation of European Employers, May 2011 UK Trade & Investment, Dublin - 20 Strictly speaking, the above figures are typical hourly gross labour costs and not gross wages. However, seen as a proxy, it offers a useful relative guide to income levels between Irish and UK workers. B) Geography - Map of the Island of Ireland – Counties and Provinces The Island of Ireland is made up of two parts. Northern Ireland, which is part of the United Kingdom of Great Britain, comprises 6 counties in the north east of the Island, its city being Dublin. The counties of both jurisdictions make up 4 provinces, as indicted above with thick black lines. The north of the Island, which includes the 6 counties of Northern Ireland, is named Ulster. The area to the east of the Island is Leinster, the area to the south west is Munster, and the remaining area to the west of the Island is Connaught. In the Republic of Ireland, aside from the Capital and biggest city, Dublin, other main include Cork, Galway, Waterford and Limerick. 21 cities UK Trade & Investment, Dublin capital city is Belfast. The Republic of Ireland comprises 26 counties with the capital C) Population As of the most recent Irish Government Census in April 2011: - Total Population - Population Facts Where do they live? 62 % of the population lived in a total of 197 urban areas. The remaining 36 % lived in rural areas. These include the main cities of Dublin, Cork, Galway, Limerick and Waterford. Dublin, in particular, accounted for 39 % of all those living in urban areas. Leinster, the eastern province and home to the capital city, Dublin, has over half of all persons, 54.6 %, enumerated there. period, the average number of yearly deaths was 28,000. What is the Average Age? The average age, one of the lowest in Europe, stands at 36 years. How many UK nationals live in Ireland? As of April 2011, preliminary results indicate there to be 112,259 UK nationals in the Republic of Ireland 22 From 2002 to 2011, the average number of yearly births was 67,000. In the same UK Trade & Investment, Dublin How many births and deaths are there? C) Population - Age and Gender Pyramid - Estimated Future Availability of Workforce as a %age of the Population under 25 United Kingdom Ireland 2012 2015 29.3 33.6 29.8 33.8 Source: World Population Prospects: The 2010 Revision - Estimated Future Median Age of the Population 2015 2020 United Kingdom 40.3 40.4 Ireland 34.2 37.6 Population by Age Group and Region Leinster 0 to 14 535,886 15 to 24 321,667 25 to 44 830,742 45 to 64 547,831 65 to 268,688 Ulster Munster Connaught (part of) 262,966 113,067 67,671 155,254 67,355 35,974 374,701 159,784 84,913 295,992 130,608 68,448 157,175 71,733 37,797 Source: CSO Database, Census 2011 23 - UK Trade & Investment, Dublin Source: World Population Prospects: The 2010 Revision D) Trade - Overview of UK Exports to Ireland by Broad Merchandise Sector in 2010 25 UK Trade & Investment, Dublin D) Trade Top UK Exports to Ireland by Detailed Merchandise Sector in 2010 GBP £ Petroleum Products & Related Materials 2,119,207,932 Miscellaneous Manufactured Articles 1,331,540,418 Gas, Natural & Manufactured 857,367,246 Medicinal & Pharmaceutical Products 853,620,111 Articles Of Apparel & Clothing Accessories 733,367,086 Essential Oils & Perfume Materials; Toilet Preps Etc. 666,612,794 Electrical Machinery, Appliances & Electrical Parts There of 529,729,198 Road Vehicles (Including Air Cushion Vehicles) 527,615,467 Cereals & Cereal Preparations 515,651,986 Telecommunications, Sound Recording & Reproducing Appliances 507,651,005 Paper, Paperboard & Manufactures Thereof 486,011,052 Office Machines & Other Machines 466,479,827 Beverages 426,243,535 Meat & Meat Preparations 399,031,514 Manufactures Of Metal Etc. 397,120,946 Dairy Products & Birds' Eggs 347,181,224 General Industrial Machinery & Equipment & Machine Parts 326,488,082 Vegetables & Fruit 312,634,107 Source: HMRC Trade Information Database UK Trade & Investment, Dublin UK Exports to Ireland by Detailed Merchandise Sector 25 - E) Public Holidays There are nine public holidays in Ireland each year. Public holidays may commemorate a special day or other event, for example, St Patrick's Day or Christmas Day. On a public holiday, sometimes called a bank holiday, most businesses and schools close. Other services, for example, public transport still operate, but often with restricted schedules. The list of public holidays each year is as follows: New Year's Day (1 January) St. Patrick's Day (17 March) Easter Monday (varies year to year) First Monday in May, June, August Last Monday in October Christmas Day (25 December) St. Stephen's Day (26 December) 26 UK Trade & Investment, Dublin Good Friday is not a public holiday. However, the sale of alcohol is banned, bar certain limited exceptions in airports, trains, ships, hotels and others. UK Trade & Investment, Dublin F) Transport Infrastructure 27 Source: Irish National Roads Authority G) Business Costs - Industrial Oil, Gas and Electricity Prices United Kingdom Ireland Heavy Fuel Oil Natural Gas Electricity US $ per Tonne 885.21 US $ per 10 kcal GCV 303.30 431.22 US $ per kWh 0.121 0.137 Source: IEA Key World Energy Statistics - Office Prices Sq. Ft. / Annum Sq. Ft. / Annum Dublin (City Centre) €11 to €49 London (West End) € 143.17 Dublin (Suburbs) €8 to €18 London (City Centre) € 92.10 Cork €10 to €19 Galway €10 to €16 Limerick €10 to €14 Waterford €10 to €18 Source: IDA Ireland (06/11) and CB Richard Ellis Global Market Rents Report (11/10) Looking at only prime office spaces globally, London (West End), London (City Centre), Edinburgh and Manchester ranked number 1, 6, 17 and 22 respectively out of 45 cities. Dublin ranked number 27. International Road Freight Costs,Transit Times and Weekly Flight Connections Ireland Port of Origin Dublin Road Freight Destination London Destination Port London Average Cost per Trailer (€) 1,275 Average Time in Hours 24 to 48 Airport of Origin Destination Airport Number of Flights Weekly Cork London / (Other UK) 63 / (63) Dublin London / (Other UK) 281 / (350) Shannon London / (Other UK) 41 / (31) Source: Irish International Freight Association and the Irish Airport Authorities UK Trade & Investment, Dublin Road Freight Start 28 -