Key regions: United States, Brazil, Germany, Italy, Spain
The Agriculture market in Ireland has been a significant contributor to the country's economy.
Customer preferences: Irish people have always been known for their love of locally produced food, and this has had a significant impact on the agriculture market in the country. Consumers in Ireland prefer to buy fresh, locally grown produce, which has led to an increase in demand for locally produced food. Furthermore, there has been a growing demand for organic and sustainably produced food in recent years, which has also impacted the agriculture market.
Trends in the market: The agriculture market in Ireland has seen a shift towards more sustainable and environmentally friendly practices in recent years. There has been a growing interest in organic farming, and many farmers are now adopting sustainable practices to reduce their impact on the environment. Additionally, there has been a trend towards diversification, with many farmers branching out into new areas such as agri-tourism and renewable energy.
Local special circumstances: Ireland's mild, damp climate is ideal for agriculture, and the country has a long history of farming. The fertile soil and abundance of rainfall make it an ideal location for growing crops such as potatoes, barley, and wheat. Additionally, Ireland has a significant beef and dairy industry, with many farmers specialising in these areas.
Underlying macroeconomic factors: The agriculture market in Ireland has been impacted by a range of macroeconomic factors. One of the most significant of these has been Brexit, which has led to uncertainty and disruption in the market. Additionally, the COVID-19 pandemic has had a significant impact on the industry, with many farmers struggling to sell their produce due to disruptions in supply chains and changes in consumer behaviour. However, despite these challenges, the agriculture market in Ireland has remained resilient, and there are many opportunities for growth and development in the sector.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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