Brazil: Malt Market 2024

Malt Market Size in Brazil

In 2022, after four years of growth, there was decline in the Brazilian malt market, when its value decreased by less than 0.1% to $X. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, leveling off in the following year.

Malt Production in Brazil

In value terms, malt production reached $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 35%. Malt production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Malt Exports

Exports from Brazil

In 2022, exports of malt from Brazil soared to X tons, picking up by 311% against the year before. Over the period under review, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, malt exports soared to $X in 2022. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Colombia (X tons) was the main destination for malt exports from Brazil, with a 85% share of total exports. Moreover, malt exports to Colombia exceeded the volume sent to the second major destination, Argentina (X tons), eightfold. The third position in this ranking was taken by Peru (X tons), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia stood at +82.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+107.4% per year) and Peru (+2.9% per year).

In value terms, Colombia ($X) emerged as the key foreign market for malt exports from Brazil, comprising 87% of total exports. The second position in the ranking was taken by Argentina ($X), with a 7.8% share of total exports. It was followed by Peru, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia stood at +96.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+73.1% per year) and Peru (+12.8% per year).

Export Prices by Country

In 2022, the average malt export price amounted to $X per ton, surging by 64% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Malt Imports

Imports into Brazil

After three years of growth, purchases abroad of malt decreased by -17.4% to X tons in 2022. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. As a result, imports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, malt imports contracted to $X in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +64.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. As a result, imports attained the peak of $X, and then fell modestly in the following year.

Imports by Country

Argentina (X tons), Uruguay (X tons) and France (X tons) were the main suppliers of malt imports to Brazil, together accounting for 77% of total imports. Sweden, Australia, Germany, Russia and Belgium lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +58.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest malt suppliers to Brazil were Argentina ($X), Uruguay ($X) and France ($X), with a combined 79% share of total imports. Sweden, Australia, Germany, Russia and Belgium lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Australia, with a CAGR of +61.2%, 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

The average malt import price stood at $X per ton in 2022, surging by 20% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Uruguay ($X per ton) and Belgium ($X per ton), while the price for France ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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