Belgium: Roasted Malt Market 2024

Roasted Malt Market Size in Belgium

In 2022, the Belgian roasted malt market increased by 127% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption continues to indicate resilient growth. Roasted malt consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Roasted Malt Production in Belgium

In value terms, roasted malt production soared to $X in 2022 estimated in export price. In general, production showed a temperate expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 69%. Roasted malt production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Roasted Malt Exports

Exports from Belgium

In 2022, shipments abroad of roasted malt decreased by -2.5% to X tons, falling for the third year in a row after five years of growth. Overall, total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -35.6% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 29%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, roasted malt exports expanded notably to $X in 2022. In general, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of roasted malt exports from Belgium, together accounting for 40% of total exports. Brazil, Spain, the United States, Russia and South Africa lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +51.8%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Brazil ($X) were the largest markets for roasted malt exported from Belgium worldwide, with a combined 41% share of total exports.

Among the main countries of destination, Brazil, with a CAGR of +51.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average roasted malt export price amounted to $X per ton, rising by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 19%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per ton) and Russia ($X per ton), while the average price for exports to South Africa ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Roasted Malt Imports

Imports into Belgium

In 2022, approx. X tons of roasted malt were imported into Belgium; reducing by -14.9% compared with the previous year. Overall, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 58%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, roasted malt imports contracted modestly to $X in 2022. In general, imports, however, saw moderate growth. The pace of growth was the most pronounced in 2014 with an increase of 51%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of roasted malt to Belgium, with a 46% share of total imports. Moreover, roasted malt imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.8% per year) and Italy (+231.3% per year).

In value terms, Germany ($X) constituted the largest supplier of roasted malt to Belgium, comprising 47% of total imports. The second position in the ranking was taken by France ($X), with a 20% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.4% per year) and Italy (+233.8% per year).

Import Prices by Country

In 2022, the average roasted malt import price amounted to $X per ton, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2013 when the average import price increased by 21% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Italy ($X per ton), while the price for Poland ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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