Eastern Asia: Malt Market 2024

Malt Market Size in Eastern Asia

The East Asian malt market was finally on the rise to reach $X in 2021, after four years of decline. In general, consumption, however, saw a noticeable decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Malt Production in Eastern Asia

In value terms, malt production rose to $X in 2021 estimated in export price. In general, production, however, saw a perceptible slump. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Malt Exports

Exports in Eastern Asia

In 2021, overseas shipments of malt (not roasted) decreased by -3.6% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 67% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, malt exports declined to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -31.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 63%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of malt (not roasted), namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the malt (not roasted) exports, with a CAGR of +9.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest malt supplier in Eastern Asia.

In China, malt exports increased at an average annual rate of +6.4% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, approximately mirroring the previous year. In general, the export price recorded a noticeable contraction. The pace of growth was the most pronounced in 2019 an increase of 11% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -2.8% per year.

Malt Imports

Imports in Eastern Asia

In 2021, overseas purchases of malt (not roasted) decreased by -16% to X tons, falling for the third consecutive year after two years of growth. In general, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2014 with an increase of 10%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, malt imports contracted to $X in 2021. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2014 when imports increased by 6.4% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan represented the key importing country with an import of about X tons, which resulted at 74% of total imports. It was distantly followed by South Korea (X tons), constituting a 23% share of total imports. China (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to malt imports into Japan stood at -3.1%. At the same time, China (+68.4%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +68.4% from 2012-2021. By contrast, South Korea (-6.0%) illustrated a downward trend over the same period. While the share of Japan (+3.1 p.p.) and China (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Korea (-5.9 p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported malt (not roasted) in Eastern Asia, comprising 74% of total imports. The second position in the ranking was taken by South Korea ($X), with a 22% share of total imports.

In Japan, malt imports shrank by an average annual rate of -5.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (-6.8% per year) and China (+66.5% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, growing by 2.1% against the previous year. Overall, the import price, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2019 when the import price increased by 4.3%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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