Croatia: Roasted Malt Market 2024

Roasted Malt Market Size in Croatia

The Croatian roasted malt market dropped sharply to $X in 2022, reducing by -18% against the previous year. Over the period under review, consumption faced a deep slump. Roasted malt consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Roasted Malt Production in Croatia

In value terms, roasted malt production fell remarkably to $X in 2022 estimated in export price. In general, production showed a dramatic contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 8.1%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Roasted Malt Exports

Exports from Croatia

In 2022, shipments abroad of roasted malt decreased by -18.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 504%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, roasted malt exports contracted to $X in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 472% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced slightly in the following year.

Exports by Country

Serbia (X tons), Montenegro (X tons) and Albania (X tons) were the main destinations of roasted malt exports from Croatia, together accounting for 88% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Montenegro (with a CAGR of +270.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for roasted malt exported from Croatia were Serbia ($X), Montenegro ($X) and Albania ($X), together accounting for 87% of total exports.

Montenegro, with a CAGR of +267.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average roasted malt export price stood at $X per ton in 2022, rising by 18% against the previous year. Overall, the export price, however, continues to indicate a abrupt contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Bosnia and Herzegovina ($X per ton) and Serbia ($X per ton), while the average price for exports to Albania ($X per ton) and Montenegro ($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 Albania (+5.5%), while the prices for the other major destinations experienced a decline.

Roasted Malt Imports

Imports into Croatia

In 2022, imports of roasted malt into Croatia skyrocketed to X tons, increasing by 19% compared with the year before. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 840%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, roasted malt imports rose remarkably to $X in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 589% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest roasted malt supplier to Croatia, accounting for a 87% share of total imports. Moreover, roasted malt imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The UK (X tons) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic totaled +34.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.6% per year) and the UK (+5.2% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of roasted malt to Croatia, comprising 74% of total imports. The second position in the ranking was held by Germany ($X), with a 7.7% share of total imports. It was followed by the UK, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic stood at +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and the UK (+0.1% per year).

Import Prices by Country

In 2022, the average roasted malt import price amounted to $X per ton, reducing by -9.8% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 30%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Austria ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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