Asia: Malt Market 2024

Malt Market Size in Asia

In 2022, the Asian malt market decreased by less than X% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2021, and then declined modestly in the following year.

Malt Production in Asia

In value terms, malt production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then dropped slightly in the following year.

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Malt Exports

Exports in Asia

Malt exports expanded significantly to X tons in 2022, picking up by X% on 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, malt exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by India (X tons), making up a X% share of total exports. Kazakhstan (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. India (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest malt supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

In China, malt exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Malt Imports

Imports in Asia

In 2022, imports of malt in Asia rose sharply to X tons, growing by X% compared with 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, malt imports reached $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2014; afterwards, it flattened through to 2022.

Imports by Country

Vietnam (X tons) and Japan (X tons) represented roughly X% of total imports in 2022. South Korea (X tons) took the next position in the ranking, followed by Thailand (X tons), the Philippines (X tons), Turkey (X tons) and Cambodia (X tons). All these countries together took near X% share of total imports. The following importers - Singapore (X tons), Taiwan (Chinese) (X tons) and Myanmar (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest malt importing markets in Asia were Japan ($X), Vietnam ($X) and South Korea ($X), together accounting for X% of total imports. The Philippines, Thailand, Turkey, Cambodia, Singapore, Taiwan (Chinese) and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a noticeable downturn. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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