Eastern Europe: Malt Market 2024

Malt Market Size in Eastern Europe

In 2022, the East European malt market increased by 6.9% to $X, rising for the fourth year in a row after six years of decline. Over the period under review, consumption, however, saw a noticeable decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Malt Production in Eastern Europe

In value terms, malt production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by 3.4%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Malt Exports

Exports in Eastern Europe

After eight years of growth, overseas shipments of malt decreased by -11.8% to X tons in 2022. Total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 17%. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, malt exports reached $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.0% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Slovakia (X tons), Russia (X tons) and the Czech Republic (X tons) represented roughly 67% of total exports in 2022. Poland (X tons) ranks next in terms of the total exports with a 13% share, followed by Lithuania (7.1%). The following exporters - Belarus (X tons) and Hungary (X tons) - each resulted at a 7.6% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +35.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), the Czech Republic ($X) and Russia ($X) were the countries with the highest levels of exports in 2022, with a combined 61% share of total exports.

Russia, with a CAGR of +27.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, increasing by 16% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Malt Imports

Imports in Eastern Europe

In 2022, after four years of growth, there was significant decline in overseas purchases of malt, when their volume decreased by -7.9% to X tons. In general, imports recorded a slight descent. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, malt imports rose rapidly to $X in 2022. Over the period under review, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland represented the main importing country with an import of about X tons, which finished at 43% of total imports. Russia (X tons) ranks second in terms of the total imports with a 21% share, followed by Romania (12%) and Hungary (7.6%). Estonia (X tons), Moldova (X tons) and Latvia (X tons) followed a long way behind the leaders.

Poland experienced a relatively flat trend pattern with regard to volume of imports of malt. Estonia experienced a relatively flat trend pattern. Hungary (-2.2%), Russia (-2.5%), Moldova (-3.5%), Romania (-4.4%) and Latvia (-8.1%) illustrated a downward trend over the same period. While the share of Poland (+11 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Latvia (-2.2 p.p.) and Romania (-3.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported malt in Eastern Europe, comprising 45% of total imports. The second position in the ranking was taken by Russia ($X), with an 18% share of total imports. It was followed by Romania, with a 12% share.

In Poland, malt imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-6.0% per year) and Romania (-5.7% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, increasing by 15% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Moldova ($X per ton) and Estonia ($X per ton), while Russia ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+0.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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