Thursday 22 August 2019

Ten firms produce nearly half of Irish goods by value - CSO

Stock image
Stock image

Shawn Pogatchnik

JUST 10 manufacturers produced close to half of the total value of goods made in Ireland last year, the Central Statistics Office has found.

Yesterday's report said the top 10 manufacturers produced €55.7bn in goods - 46pc of total output by value in 2018.

Please log in or register with Independent.ie for free access to this article.

Log In

And 3,963 other enterprises in Ireland produced the rest. Overall, Irish manufacturing output rose by 7.1pc over the year to €121.4bn.

The CSO didn't identify specific companies but highlighted the leading role of drugmakers in Ireland's manufacturing output.

Pharmaceutical firms in 2018 produced more than €47.7bn in goods, 7.4pc higher than in 2017 and representing 39.3pc of Ireland's total.

By contrast, pharmaceutical production across the 28 nations of the European Union represented just 3.5pc of goods produced by value.

Ireland provides a base for 24 of the world's top 25 drug companies, including Johnson & Johnson, Roche, Pfizer, Novartis, MSD, Amgen, Sanofi, AbbVie and GSK.

Food production remains the second-biggest contributor to manufacturing, representing €23.5bn in value and 19.4pc of Ireland's 2018 total.

The products that saw the biggest year-on-year increases were artificial joints, up 46.8pc to €1.22bn; and pet food, up 40.9pc to €194.4m.

In construction, the sale of building blocks and bricks rose by 25.2pc to €200m, ready-mixed concrete by 18.4pc to €341.7m.

The report's "net selling value" figures excluded freight costs and Vat, duties, excise and other taxes.

Irish Independent

Also in Business