Asia-Pacific: Roasted Malt Market 2024

Roasted Malt Market Size in Asia-Pacific

The Asia-Pacific roasted malt market shrank modestly to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Roasted Malt Production in Asia-Pacific

In value terms, roasted malt production declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 4.9%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Roasted Malt Exports

Exports in Asia-Pacific

In 2022, shipments abroad of roasted malt increased by 2.8% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, faced a precipitous contraction. The pace of growth appeared the most rapid in 2018 with an increase of 12%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, roasted malt exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt descent. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the largest exporter of roasted malt in Asia-Pacific, with the volume of exports resulting at X tons, which was near 67% of total exports in 2022. It was distantly followed by Australia (X tons), achieving a 28% share of total exports. New Zealand (X tons) and Vietnam (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to roasted malt exports from China stood at -22.9%. At the same time, Vietnam (+9.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +9.9% from 2012-2022. By contrast, Australia (-3.6%) and New Zealand (-20.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia and Vietnam increased by +24 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest roasted malt supplier in Asia-Pacific, comprising 66% of total exports. The second position in the ranking was taken by Australia ($X), with a 28% share of total exports. It was followed by New Zealand, with a 2.7% share.

In China, roasted malt exports contracted by an average annual rate of -20.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (-3.9% per year) and New Zealand (-18.8% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, jumping by 19% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Australia ($X per ton) and China ($X per ton), while Vietnam ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.9%), while the other leaders experienced more modest paces of growth.

Roasted Malt Imports

Imports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded decline in overseas purchases of roasted malt, which decreased by -18.5% to X tons in 2022. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 13%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, roasted malt imports declined to $X in 2022. In general, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 19% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons), distantly followed by Cambodia (X tons), South Korea (X tons), China (X tons), Vietnam (X tons), Nepal (X tons), Myanmar (X tons), Australia (X tons) and India (X tons) represented the main importers of roasted malt, together constituting 85% of total imports.

From 2012 to 2022, average annual rates of growth with regard to roasted malt imports into Japan stood at -5.4%. At the same time, South Korea (+14.2%), Australia (+10.4%) and Nepal (+3.6%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +14.2% from 2012-2022. By contrast, India (-4.3%), Cambodia (-5.4%), Myanmar (-7.1%), China (-13.9%) and Vietnam (-28.1%) illustrated a downward trend over the same period. While the share of Japan (+18 p.p.), South Korea (+9.4 p.p.), Cambodia (+8.7 p.p.), Nepal (+5.9 p.p.), Australia (+5.3 p.p.), Myanmar (+4.2 p.p.), India (+3.6 p.p.) and China (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Vietnam (-22.1 p.p.) displayed negative dynamics.

In value terms, the largest roasted malt importing markets in Asia-Pacific were Japan ($X), South Korea ($X) and Cambodia ($X), together comprising 47% of total imports. China, Australia, Vietnam, Myanmar, Nepal and India lagged somewhat behind, together comprising a further 37%.

In terms of the main importing countries, Australia, with a CAGR of +14.4%, saw the highest rates of growth with regard to 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-Pacific amounted to $X per ton, surging by 8.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2014 an increase of 8.9% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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