The Food and Drink Industry Report 2020 looks at exports and developing markets of China, India, Japan, UAE and USA, all of which have seen a year-on-year growth.
The Santander export team provide analysis of potential challenges around each territory along with information for any company considering trading in these ‘harder to reach’ markets.
According to the report the food and drink industry contributes £31.1 billion to the UK economy and it employs an estimated 450,000 people. The UK food and drink sector will need to recruit an additional 140,000 people by 2024 to feed the expected population of 70 million.
Ian Wright, chief executive of FDF, said: “UK food and drink exports have been a singular success in recent years, achieving strong year-on-year growth. But we start from a relatively low base, in that only around one-in-five of our food and drink businesses are exporters.
“In some competitor markets, that proportion is much higher. Encouraging more businesses to overcome their concerns about exporting is a high priority for FDF and for our affiliate members Santander.
“We are seeking to persuade the Government to invest alongside us in more specialist support to help companies take advantage of more export opportunities. This report focuses in detail on growth through export potential but also touches on the many other opportunities and barriers on key issues impacting our members.”
The report also highlighted important issues including increasing automation and sustainable packaging.
Andrew Williams, head of the food and drink sector at Santander UK, added: “Despite an uncertain UK economic environment and the continual need to invest in technology and innovation, huge opportunities remain to sell more great British food and drink, in particular oversees.
“It’s key that we identify how best to harness this growth potential and improve productivity, and we’re delighted to be supporting the industry and this FDF report and in particular, by showcasing those opportunities overseas.”