PowerPoint Presentation - Enterprise Ireland...PowerPoint Presentation Author Michael Furlong...
Transcript of PowerPoint Presentation - Enterprise Ireland...PowerPoint Presentation Author Michael Furlong...
Annual Business Review 2019Build scale, expand reach
Record levels of Exports in 2019Export growth of 8%
Exports (€bn)
€12.90bn€13.93bn
€15.20bn€16.22bn
€17.15bn€18.63bn
€20.59bn€21.60bn
€22.71bn€23.80bn
€25.60bn €26.00bn
€10
€12
€14
€16
€18
€20
€22
€24
€26
€28
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
2020 Target
€26bn
8%
Exports have increased by
€12.7bnBetween 2009 and 2019
2019 Exports
€25.6bn
Client Exports by Sector
€2.41bnDigital Technologies
+11%
€0.72bnElectronics
€2.24bnConstruction
+18%
€1.75bnEngineering
€12.17bnFood
+3%
+11% €0.95bnConsumer Retail
+9%
+12%
+19%
Export growth of non-food sectors of 14%
54% 55% 54% 53% 55% 55% 51% 49% 51% 49% 48%
46% 45% 46% 47% 45% 45% 49% 51% 49% 51% 52%
12.9bn 13.9bn 15.2bn 16.2bn 17.1bn 18.6bn 20.6bn 21.6bn 22.7bn 23.8bn 25.6bn
0%
20%
40%
60%
80%
100%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Food/Non Food as % total exports
Food Exports Non Food Exports Total
52%of total exports
Non food Exports
€13.42bn
North America
€4.72bn18% of exports
UK
€7.9bn31% of exports
M. East/Africa/India
€1.4bn5% of exports
Asia Pacific
€2.14bn8% of exportsLatin America
€0.23bn1% of exports
Unspecified & Sales to Ornua(Formerly the Irish Dairy Board)
€1.75bn7% of exports
TOTAL
€25.6bn
+16% +2%
+23%
+12%
+6%
+8%
Client Exports 2019 by Territory
Northern Europe
€1.13bn4% of exports
Central/Eastern/CIS/Russia
€0.65bn3% of exports
Eurozone
€5.65bn22% of exports
+19%
-5%
+15%
€5.5bn €5.6bn €5.5bn
€6.2bn €6.2bn
€6.8bn
€7.5bn €7.6bn €7.6bn €7.7bn€7.9bn
€
€1
€2
€3
€4
€5
€6
€7
€8
€9
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Ex
po
rts
(€b
n)
UK Export Trends
UK continues to be number 1 export market+2% growth
Non-food exports
grew by 6%.
+2%
UK Exports represented 31% of exports in 2019
7
42% 40% 36% 38% 36% 37% 37% 35% 34% 33% 31%
58% 60% 64% 62% 64% 63% 63% 65% 66% 67% 69%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
UK as % of Total Exports
UK as % of Export Sales Other Territories
2020 target of 33% Export Diversification achieved
€2.6bn€2.9bn
€3.3bn €3.2bn
€3.6bn
€3.9bn€4.1bn €4.2bn
€4.6bn€4.8bn
€5.6bn
€
€1
€2
€3
€4
€5
€6
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Exports to the Eurozone + 15%
8
Exp
ort
s €
bn
Eurozone
continues to be
the No 2 export
market by value.
€2.6bn
€5.6bn
non-food exports
€2.6bn
25%
+2%+15%
Since 2009, exports have grown by
€3bn
3 X €1bn markets in the Eurozone
3%France
€1bn
16%Germany
€1.3bn
35%Netherlands
€1.4bn
21%
42%
89%
Digital Technologies
€418m
Electronics
€202m
Construction
€682m
USA & Canada +16% increase to €4.7bn
10
• Since 2009, exports have grown by €3.4bn.• Non Food export grew by 22% to €3.6bn in exports in 2019.
€1.3bn €1.5bn€1.7bn €1.8bn
€2.bn€2.3bn
€2.9bn
€3.7bn€4.bn €4.1bn
€4.7bn
€
€1
€2
€3
€4
€5
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
USA & Canada Export Trends
+16%
€b
n
Asia Pacific + 6% growth to €2.1bn
11
• Since 2009, exports grew by almost €1.4bn• Non food exports grew by 7%
€.7bn€.8bn
€.9bn €.9bn
€1.1bn
€1.4bn€1.6bn
€1.8bn€1.9bn
€2bn€2.1bn
€
€1
€1
€2
€2
€3
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Asia/Pacific Export Trends
+6%
€b
n
new overseas
contracts
new overseas
presences
Ministerial-led
trade events
international buyer visits to
Ireland facilitated by
Enterprise Ireland.
Munich, Lyon, Manchester,
Copenhagen, Montreal,
Seattle, Melbourne and Ho
Chi Minh City
Growth Overseas
1,636 402 56
1,283
8 New offices
€23.8bn€25bn
€26.4bn
€27.8bn
€29.3bn
€27bn
€15
€18
€21
€24
€27
€30
2015 2016 2017 2018 2019 2020 Target
€,b
nWhy is this export growth so important?
Exports€25.6bn€
Jobs221,895
Expenditure in Irish economy
€29.3bn
Expenditure in Irish Economy 2020 Target €27bn
2020 Challenges
Covid-19 Recovery
Brexit Readiness
1
2
Covid 19 –Challenges
directly affected by the global crisis
➔ 75% report impact to their sales exports for 2020
➔ 58% report a negative impact on staffing and employee levels
➔ 51% report a reduction in cash flow
1,900 clients
1,000 clients negatively impacted
Covid-19 Actions
Stabilise
Protect your business, maintain operations and continuity.
Reset
Adapt your business plans and operations to new conditions.
Recover
Restart innovation and capitalise on early demand as recovery develops.
Actions
➔One-to-one contact with clients
➔ Liquidity schemes and advisory supports.
➔Getting clients ready for recovery.
➔ through funding, innovation and diversification supports.
Positive EU changes for start-ups and small companies
EU has amended State aid rules which will allow start-ups
and small companies access liquidity.
Covid-19 Business Response Hub
• 5,050 engagements with enterprises
across Ireland
Brexit – Addressing Challenges
CHALLENGES:
➔Currency Fluctuations
➔UK Global Tariff (1st Jan 2021) if trade
deal between UK and EU not reached
➔Potential risk of no transition period +
WTO tariffs.
ADDRESSING CHALLENGES:
➔ 643 Brexit Exposed Companies
➔ €125m funding to Brexit exposed clients in 2018 and 2019
➔ €40m funding to 551 Brexit exposed clients in first 6 months of 2020
➔Main Sectors – Food, Engineering, Construction & Timber
➔Exports grew by 6% in 2019 (8% rest of client base)
2020 Outlook
➔Strong and resilient exporting base of clients
➔Positive export results to build on
➔Supporting companies to reset and recover from Covid19
➔Brexit Readiness
➔Message for businesses – put in funding plans now
– focus on customers and markets
Annual Business Review 2019Build scale, expand reach