Tuesday 17 September 2019

Ten companies produce nearly half of the entire value of goods in Ireland - CSO

Pfizer signage (Dan Kitwood/PA)
Pfizer signage (Dan Kitwood/PA)

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.

Monday’s report said the top 10 manufacturers produced €55.7bn worth of goods - 46pc of total output in 2018 - while the 3,963 other manufacturing enterprises in Ireland produced the remaining 54pc.

Overall, Irish manufacturing rose by 7.1pc over the year to €121.4bn.

The CSO didn’t identify specific companies, but highlighted the dominant role of drugmakers in Ireland’s manufacturing landscape.

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 manufacturing output.

By contrast, 2018 pharmaceutical production in the EU as whole represented just 3.5pc of goods produced in value terms across the 28-nation bloc.

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.

READ MORE: 'Drug giant merger plan for Pfizer and Mylan'

Food production remains the second-biggest contributor to Ireland’s manufacturing output, representing 19.4pc of the total in 2018. Its value of €23.5bn is 0.6pc higher than in 2017 and nearly 9pc higher than in 2016.

The biggest year-on-year gains were recorded in the manufacture of artificial joints, which rose by 46.8pc to €1.22bn; and in pet food, which rose in value by 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 measured the value of goods produced and sold by Irish enterprises in “net selling value” terms. This excluded freight costs and Vat, duties, excise and other taxes from the total.

READ MORE: Irish butter expands massively despite poor international demand

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