CIS: Malt Market 2024

Malt Market Size in CIS

The CIS malt market soared to $X in 2022, with an increase of 23% against the previous year. In general, consumption, however, recorded a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Malt Production in CIS

In value terms, malt production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by 7.3% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Malt Exports

Exports in CIS

In 2022, after four years of growth, there was significant decline in shipments abroad of malt, when their volume decreased by -37.3% to X tons. Overall, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 117%. As a result, the exports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, malt exports contracted markedly to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 128%. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

Russia was the major exporting country with an export of around X tons, which amounted to 79% of total exports. Belarus (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (6.3%).

Russia was also the fastest-growing in terms of the malt exports, with a CAGR of +35.1% from 2012 to 2022. At the same time, Kazakhstan (+5.9%) displayed positive paces of growth. By contrast, Belarus (-3.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia increased by +65 percentage points.

In value terms, Russia ($X) remains the largest malt supplier in the CIS, comprising 81% of total exports. The second position in the ranking was held by Belarus ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at +27.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (-6.9% per year) and Kazakhstan (-2.7% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, surging by 2.6% against the previous year. Over the period under review, the export price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2017 an increase of 14%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-3.7%), while the other leaders experienced a decline in the export price figures.

Malt Imports

Imports in CIS

In 2022, the amount of malt imported in the CIS totaled X tons, increasing by 6% on the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, malt imports expanded rapidly to $X in 2022. Over the period under review, imports, however, saw a pronounced curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia was the key importing country with an import of around X tons, which recorded 56% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with an 11% share, followed by Azerbaijan (9.6%), Uzbekistan (8.5%) and Moldova (6.9%). Kyrgyzstan (X tons) and Armenia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to malt imports into Russia stood at -2.5%. At the same time, Kazakhstan (+6.9%), Kyrgyzstan (+5.7%), Azerbaijan (+2.5%) and Armenia (+1.4%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +6.9% from 2012-2022. Uzbekistan experienced a relatively flat trend pattern. By contrast, Moldova (-3.5%) illustrated a downward trend over the same period. While the share of Kazakhstan (+5.6 p.p.), Azerbaijan (+2.7 p.p.) and Kyrgyzstan (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Moldova (-2.1 p.p.) and Russia (-9.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported malt in the CIS, comprising 48% of total imports. The second position in the ranking was taken by Azerbaijan ($X), with a 13% share of total imports. It was followed by Uzbekistan, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to -6.0%. The remaining importing countries recorded the following average annual rates of imports growth: Azerbaijan (+3.2% per year) and Uzbekistan (-3.1% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, surging by 8.3% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2017 an increase of 18%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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