What is Foreign Trade? Foreign trade is the sale of products and services from one country to another. It consists of importing and exporting: Importing:

Slides:



Advertisements
Similar presentations
TOPIC: FOOD AND DRINKS FOOD: BANANA APPLE ORANGE BREAD CHEESE HAMBURGER TOMATOES POTATOES CHOCOLATE CAKE -Spaghetti -ICE CREAM.
Advertisements

Eating habits.
Growing the success of Irish food & horticulture AIDAN COTTER CHIEF EXECUTIVE BORD BIA 28 JANUARY 2009 Growing the success of Irish food & horticulture.
FY 2014 U.S. Agricultural Trade Forecasts Changes to FY 2014 Forecasts Exports $6.9 billion to $149.5 billion Imports $0.5 billion to $110.5 billion Surplus.
Convenience Foods. Convenience foods can cost more than the same foods you make at home. Choose them carefully. Make foods at home, if you have the time.
ROI GROCERY MARKET REVIEW
Market Update 21 st January Clifton Buying Group Clifton Buying Group is a leading supply solution business, which specialises in negotiating with.
Organic Market Overview Andre Leu – Chairman Tim Marshall – Deputy Chairman Organic Federation of Australia, Chairman Andre Leu – Chairman Tim Marshall.
1 The Benefits of NAFTA for U.S. Agriculture A. Ellen Terpstra, Administrator Foreign Agricultural Service U.S. Department of Agriculture April 20, 2004.
Review of CFP in context and priorities for Ireland Presentation by Minister Simon Coveney.
© CommNet 2013 Education Phase 3 Food production – farm to fork.
Farm Facts.
Food Processing AG BM 102. Introduction Adds value to farm production Creates products consumers want Employs lots of people ~ 90,000 in PA.
Education Phase 3 Food price and food choice. Global food prices Since 2005, food prices have risen globally. Year average *
Turkey – Netherlands Business Forum 17 April 2012, Amsterdam.
Foreign Agricultural Service Seoul, Korea South Korea: Agricultural Situation October 22, 2009.
© CommNet 2013 Education Phase 4 Food production – farm to fork.
I‘m not a vegetarian, so I eat meat. I like mum‘s gingerbread very much, but I don‘t like fish, beans and dill sauce with potatoes or dumplings. I like.
Market opportunities for Organic Farmers & Processors.
Facts Proudly Organic and Farmer-Owned Since 1988 Dairy has been one of the fastest growing segments of the organic foods industry. According to the Organic.
On February 2012 one of the world's largest food forums – Prodexpo‘2012 – was successfully held at Expocentre Fairgrounds. The exhibition was organized.
Annual Exporters Conference 2014
Market Update 7 th January Clifton Buying Group Clifton Buying Group is a leading supply solution business, which specialises in negotiating with.
6 th Form Conference, June Firms in International Trade Fabrice Defever 6 th Form Conference.
In time of recession, can organic food be a reality for the majority? Susanne Padel Institute of Biological Environmental and Rural Sciences.
Consumer Behaviour and the Market Influences on Consumer Choice Value and Origin Food preparation time Convenience Healthy eating Eating Out.
Where does your food come from? And how it impacts our environment.
FOOD PRODUCTION AND FOOD TRANSPORT. SCHOOL CANTEEN Dining room  Quality and price  Organic food and czech resources - potatoes, onions, eggs, apples.
© Kantar Worldpanel ROI GROCERY MARKET REVIEW Data to 10 th June 2012.
Agriculture In Deutschland By: Chelsea Gobourne Candidate Number: Landwirtschaft.
People can not live without food. Where does our food come from?  Milk comes from cows.From milk people make butter and cheese.  Children like milk.
Dairy Pak A “Value Chain” Perspective on Product Line Strategy.
FY 2015 & 2016 U.S. Agricultural Trade Forecasts Initial FY 2016 Forecasts Exports = $138.5 billion Imports = $122.5 billion Surplus = $16.0 billion Changes.
FY 2014 U.S. Agricultural Trade Forecasts Changes to FY 2014 Forecasts Exports $2.0 billion to $137.0 billion Imports $3.5 billion to $109.5 billion Surplus.
AGRICULTURE AND HUMAN NEEDS. BASIC HUMAN NEEDS & SOURCES Agriculture is the source for the three basic things humans need to survive:  Food: meat, milk,
Food Processing AG BM 102. Introduction Adds value to farm production Creates products consumers want Employs lots of people ~ 90,000 in PA.
NAFTA Trade Flows General Agriculture and the Food Industry.
International Trade Trading Goods and Services. Specialization and Trade: Everyone Benefits Specialization: We specialize by doing just one kind of job.
Recognizing the Importance of Agriculture. Revisiting the Definition of Agriculture On page 1 of your Know Book On page 1 of your Know Book Agriculture:
Kerry Group (Ireland). Early 1970s 1972 Kerry was a private processor with three shareholders: –42.5% Dairy Disposal Company (Govt owned) –42.5% a confederation.
What is Fairtrade?Fairtrade and the lives of the farmers Fairtrade Products Companies involved.
In this presentation, I will be discussing everything which is related to the Fairtrade foundation. It is a social organization, aimed to help producers.
FY 2014 U.S. Agricultural Trade Forecasts Changes to FY 2014 Forecasts Exports $5.6 billion to $142.6 billion Imports $0.5 billion to $110.0 billion Surplus.
+ Time off Eating out. + Food and drink Food in Britain has had a bad reputation abroad for a very long time. Visitors from foreign countries complain.
FOOD TRANSPORT.
a) Repeat after me: fried eggs boiled rice roast chicken grilled fish mashed potatoes dried fruit salted nuts packed juice frozen vegetables decorated.
Chapter 23 International Trading Environment. What is Home/Domestic Trade? Buying and selling of goods & services in our own country.
Nestle Good food good life. History In the 1860s Henri Nestlé, a pharmacist, developed a food for babies who were unable to breastfeed. soon, Farine Lactee.
Non-Economic Factors that Shift the Supply Curve.
The Food Chain Enterprise Challenge A business enterprise day focusing on the Dairy Industry.
Frozen Food Market: Product Type (Ready to Eat Meals, Vegetables, Fruits, Meat, Seafood, Soups) Distribution Channel (Supermarkets, Hypermarkets, Online.
The U.S. Meat Industry: Economic Contributions. Economic Impact Meat and poultry are the largest sector of U.S. agriculture. In 2008, meat and poultry.
1 Il mercato biologico globale e in Germania: quali opportunità per l‘Italia BioFach, Nuremberg Gerald A. Herrmann.
Corn Industry An Overview of the Corn Industry in Georgia Georgia Agricultural Education Curriculum Office Dr. Frank Flanders and Adrienne Gentry August.
German cuisine. German cuisine Germany is famous not only for its good quality of cars, but also the unusual cuisine.
Maxym Kovalchuk Form 10. The English proverb says: “Every cook praises his own broth”. One can not say English cookery is bad, but there is not a lot.
7 th Grade Agriculture Science Agriculture - the growing and harvesting of plants and animals for use by people. 1. Agriculture is considered.
The Socio-Economic Benefits of Crop Protection Products
Assured Food Standards
ROI GROCERY MARKET REVIEW
Agriculture and Human Needs
Education Phase 3 Food production – farm to fork.
British Food.
Defining Agriculture.
FOOD.
סקירת השוק העולמי לדובדבנים
International Trade, Globalisation, EU 3.7 & 3.8
Shopping for Food.
© The Author(s) Published by Science and Education Publishing.
Food prices and trends.
Presentation transcript:

What is Foreign Trade? Foreign trade is the sale of products and services from one country to another. It consists of importing and exporting: Importing: The purchase of goods and services from other countries for sale in Ireland. Exporting: When Irish goods and services are sold to other countries.

Why do we Import Food? We do not have a suitable climate to grow certain foods, E.g. bananas, oranges, coffee The Irish consumer wants variety. Skills and tradition that are needed to produce certain goods are only available in certain countries, so if we want these goods we must import them, E.g. French wine, tea

Why do we Export Food? Ireland needs to export goods in order to bring foreign currency into the country. This currency is used to pay for imports. Some countries are unable to produce large quantities of food products because their land or climate is unsuitable. This is not so in Ireland so we export to these countries. To increase the profit and sales of Irish companies.

Irish Dairy Exports Value: €3.06 billion Top 5 exports to: U.K. China Germany Netherlands USA Facts:Ireland supplies 10% of the global infant milk formula despite only having 1% of global milk production.

Irish Horticulture Exports Value: €230 million Definition: The export of fruit, vegetables and plants Facts: 50% of our horticulture exports are mushrooms. In 2013, 600,000 Christmas trees were harvested in Ireland, 200,000 of these were exported. 92% of horticulture exports were to the U.K.

Irish Beverage Exports Value: €1.2 billion Facts: 60% rise in exports since Irish whiskey is the fastest growing spirit in the world with 7 million cases exported annually. Alcohol account for 75% of beverage exports. Water accounts for 10% of beverage exports. We export beverages to 125 countries.

Irish Meat and Livestock Exports Value: €3.9 billion Facts: This accounts for 35% of all food and drink exports. 65,000 tonnes of pig meat exported annually. Irish beef is stocked in 82 supermarket chains across Europe. Poultry exports have increased by 20% percent since 2013.

Irish Prepared Foods Exports Value: €1.8 billion Definition: Prepared foods include baked goods, confectionary, snacks, chilled food, ready meals and cooked meats. Facts: 11% of exported prepared foods is chocolate. Prepared foods exports to Poland have increased by 60% since 2012.

Irish Seafood Exports Value: €540 million Facts: 70% rise in value of seafood exports since % of all seafood is to EU market. 11,000 employed by seafood sector. Ireland is the leader in organic aquaculture, producing 20,000 tonnes of organic salmon and mussels annually.

Annual Food Export Breakdown

Irish Food Imports 3.5 million tonnes of the food we consume each year originates somewhere else. That means half the annual consumer spend on food and drink is on foreign products. Food imports to Ireland soared by 50% between 2002 and 2007

Value of Irish Imports Irish annual imports include: €157m worth of beef €478m worth of dairy products 124,250 tonnes of potatoes, worth €75m €799m worth of cereals €958m worth of fruit and veg €282m worth of poultry €711m worth of drinks 13m tonnes of bananas

Are we Really Eating Irish Food? 80% of people who buy imported food believe it is made here. Companies use clever marketing such as "Ireland's favourite" can hide the fact that an item is imported. The average person eats €1,000 worth of imported products annually.

Famous Irish Food Products Produced in Ireland Produced abroad Barry's tea Cadbury chocolate Club orange Batchelor's Cidona Flahvans Brennan's bread Denny Tic Tacs Tayto Crisps Lyons tea Charleville Cheese Erin packet soup Heinz HB ice-cream Jacobs biscuits Cully and Sully Soup Fruitfield Old Time Irish marmalade Boyne Valley Honey

Food Brands Produced Here

Food Brands Produced Abroad

Irish Food Imports vs Exports 2014 (€ billion)

Import Substitution Import substitution is the purchase of Irish made goods instead of foreign imports. This will result in: A decreased amount of food imported An increase in profits for Irish food firms The creation of more jobs for Irish people