Finland: Roasted Malt Market 2024

Roasted Malt Market Size in Finland

In 2022, the Finnish roasted malt market increased by 15% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +78.4% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Roasted Malt Production in Finland

In value terms, roasted malt production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable curtailment. The pace of growth was the most pronounced in 2013 with an increase of 23% against the previous year. Roasted malt production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Roasted Malt Exports

Exports from Finland

Roasted malt exports from Finland shrank rapidly to X tons in 2022, reducing by -19.1% against the year before. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 25%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, roasted malt exports expanded sharply to $X in 2022. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 14% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Sweden (X tons) and Norway (X tons) were the main destinations of roasted malt exports from Finland, with a combined 88% share of total exports. Estonia and Latvia lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +28.5%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Sweden ($X) and Norway ($X) appeared to be the largest markets for roasted malt exported from Finland worldwide, with a combined 87% share of total exports. Estonia and Latvia lagged somewhat behind, together accounting for a further 11%.

Among the main countries of destination, Latvia, with a CAGR of +30.1%, 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 more modest paces of growth.

Export Prices by Country

The average roasted malt export price stood at $X per ton in 2022, with an increase of 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Estonia ($X per ton) and Latvia ($X per ton), while the average price for exports to Sweden ($X per ton) and Russia ($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 Estonia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Roasted Malt Imports

Imports into Finland

In 2022, approx. X tons of roasted malt were imported into Finland; rising by 106% on 2021. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 444% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, roasted malt imports surged to $X in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2016 when imports increased by 282%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) was the main roasted malt supplier to Finland, with a 94% share of total imports. It was followed by the UK (X tons), with a 2.9% share of total imports. Belgium (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +101.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+25.3% per year) and Belgium (-8.9% per year).

In value terms, Poland ($X) constituted the largest supplier of roasted malt to Finland, comprising 93% of total imports. The second position in the ranking was taken by the UK ($X), with a 3.9% share of total imports. It was followed by Belgium, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +102.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+23.4% per year) and Belgium (-8.3% per year).

Import Prices by Country

In 2022, the average roasted malt import price amounted to $X per ton, surging by 14% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 76% against the previous year. Over the period under review, average import prices hit record highs 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 supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per ton) and Estonia ($X per ton), while the price for Belgium ($X per ton) and Poland ($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 (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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