Our comprehensive assessment of Ireland's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Ireland, as well as the latest industry developments that could impact Ireland's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Ireland before your competitors.
Ireland Country Risk
Solid macroeconomic fundamentals mean that the country is well equipped to weather through times of heightened economic uncertainty post-Brexit.
Notwithstanding the imminent shortfall in trade and investment volumes which emanate from Brexit, the country will maintain robust economic growth rates in 2016 and 2017.
The government's reform and austerity commitment will safeguard long-term fiscal stability.
Threats to Ireland's low corporate tax rate will grow, which could end up closing off potential revenue generation for the Irish government in the future.
These threats were reflected in April 2016, when US President Barrack Obama implemented tougher tax inversion laws, which led...
Ireland Industry Coverage (5)
Food & Drink
Ireland Food & Drink
BMI View: Ireland's food and drink industry will benefit from positive spillovers from the country's macroeconomic growth trajectory, and we are particularly positive on the discount and hypermarket sub-sectors of mass grocery retail. The likes of Aldi and Iceland are rapidly increasing their presence in the country, heating up competition with incumbent retailers. The outlook for the alcohol market is less impressive, as per capita consumption drops amid health concerns and policies from the government designed to cut back spending on beer and vodka.
|Food & Drink Spending|
BMI View: Rising incomes are helping to support growth in the insurance market, although there are weak points, with motor vehicle premiums set to peak in 2016. General liability will be the strongest performer in the non-life sector. While growth is expected in euro terms in the life sector, the decline in the value of the euro means the market will contract in 2016 before rebounding in following years and it will increase its share of total premiums. The Irish competitive landscape remains fierce and this will continue. Competition will remain robust, placing downward pressure on premiums.
Ireland Medical Devices
BMI Industry View : Ireland represents a small, but advanced medical device market, which we forecast will grow at a CAGR of 1.8%, to reach USD908.9mn in 2019. The market will be driven by the introduction of universal health insurance combined with the healthcare needs of the aging population and the uptake of new technology.
|Total (USDmn) ...|
Pharmaceuticals & Healthcare
Ireland Pharmaceuticals & Healthcare
BMI View: Continued manufacturing investment in Ireland's pharmaceutical sector will continue to be promoted by government support and operational advantages such as high level of manufacturing and compliance, skilled workforce and easy access to key export markets. While Ireland's pharmaceutical positive trade balance is expected to expand through our forecast period, reflecting the country's reputation as a global major manufacturer and exporter of pharmaceuticals, the domestic drug market will remain in negative growth territory, albeit gradually moderating, before resuming expansion by 2018 and picking up in the years ahead. This is mainly explained by the government's sustained focus on controlling pharmaceuticals spending, which will keep a lid on market growth .
Headline Expenditure Projections
BMI View: Bundling of fixed and mobile products is a critical strategy as it lowers churn and enables operators to sell new services to their customers. Operators are investing in advanced fixed and mobile services, such as 4G, VDSL and fibre to attract consumers onto their platforms, while the market has become more convergent, with Vodafone launching its TV service to join eir and Virgin Media in potentially offering quad-play. We retain our view that higher levels of advanced technological uptakes going forward are crucial to market growth as operators offer innovative services to attract new customers and to retain existing clientele in both, especially as the potential for deepening remains strong, with many users still on DSL or 3G...