Ireland’s €1.1 billion seafood sector records growth of more than 7%
Ireland’s seafood sector grew by 7.4% last year, contributing €1.1bn to the economy, according to Bord Iascaigh Mhara’s (BIM) annual ‘Business of Seafood’ report launched at the National Seafood Conference in Galway.
30 June 2017
Bord Iascaigh Mhara’s (BIM) is reporting growth in Ireland’s seafood industry, primarily driven by another strong year of domestic seafood sales at €380 million and an increase in private investment by seafood enterprises. The announcement came as part of BIM’s annual ‘Business of Seafood’ report launched at the National Seafood Conference ‘Winning in a Changing Environment’ in Galway.
The report also details the significant value of seafood landed and farmed around Ireland’ coast as Jim O’Toole, BIM’s CEO explains. “We have a valuable and sought after raw material that is in great demand on our key markets,” O’Toole said, “contributing €376m in fish landings alone, €167 million in farmed fish and shellfish and employing 11,000 people in our coastal communities.
“The task facing the sector now is to build on this growth, add value and diversify to withstand current challenges including Brexit,” he added. “BIM will continue to provide supports to enable this valuable industry to achieve its full potential and our conference today sets out how we intend to future proof the sector in the years ahead.”