Colombia: Roasted Malt Market 2024

Roasted Malt Market Size in Colombia

In 2022, after four years of growth, there was significant decline in the Colombian roasted malt market, when its value decreased by -5.6% to $X. Overall, consumption continues to indicate a mild contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Roasted Malt Production in Colombia

In value terms, roasted malt production rose significantly to $X in 2022 estimated in export price. In general, production, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of 59%. Roasted malt production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Roasted Malt Exports

Exports from Colombia

In 2022, the amount of roasted malt exported from Colombia surged to X tons, rising by 121% compared with 2021. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 2,040% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, roasted malt exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by 1,404% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X tons), Peru (X tons) and Ecuador (X tons) were the main destinations of roasted malt exports from Colombia, with a combined 98% share of total exports. These countries were followed by Guatemala, which accounted for a further 2%.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of -3.4%), while shipments for the other leaders experienced a decline.

In value terms, Panama ($X), Peru ($X) and Ecuador ($X) constituted the largest markets for roasted malt exported from Colombia worldwide, with a combined 98% share of total exports. Guatemala lagged somewhat behind, accounting for a further 2%.

Among the main countries of destination, Guatemala, with a CAGR of -4.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average roasted malt export price amounted to $X per ton, shrinking by -11.6% against the previous year. In general, the export price continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2019 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Peru ($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 the Dominican Republic (+1.3%), while the prices for the other major destinations experienced a decline.

Roasted Malt Imports

Imports into Colombia

In 2022, approx. X tons of roasted malt were imported into Colombia; with a decrease of -12.3% against the previous year. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 328% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, roasted malt imports shrank to $X in 2022. Over the period under review, imports showed a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 200% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Chile (X tons) were the main suppliers of roasted malt imports to Colombia, together accounting for 42% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of -1.3%), while purchases for the other leaders experienced a decline.

In value terms, Canada ($X) constituted the largest supplier of roasted malt to Colombia, comprising 63% of total imports. The second position in the ranking was held by the United States ($X), with a 6.1% share of total imports. It was followed by the Netherlands, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada stood at -12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.2% per year) and the Netherlands (-30.0% per year).

Import Prices by Country

The average roasted malt import price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+21.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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