Greece: Roasted Malt Market 2024

Roasted Malt Market Size in Greece

In 2022, the Greek roasted malt market decreased by -77.6% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a prominent expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Roasted Malt Production in Greece

In value terms, roasted malt production reduced markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of 7,161% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Roasted Malt Exports

Exports from Greece

In 2022, approx. X tons of roasted malt were exported from Greece; rising by 32% against 2021 figures. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2019 with an increase of 297%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, roasted malt exports soared to $X in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 246% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Albania (X tons), Cyprus (X tons) and the United Arab Emirates (X tons) were the main destinations of roasted malt exports from Greece, with a combined 89% share of total exports. Bulgaria, Romania, Egypt and Germany lagged somewhat behind, together accounting for 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 Egypt (with a CAGR of +115.3%), while the other leaders experienced more modest paces of growth.

In value terms, Albania ($X), Cyprus ($X) and the United Arab Emirates ($X) were the largest markets for roasted malt exported from Greece worldwide, with a combined 92% share of total exports. Bulgaria, Romania, Egypt and Germany lagged somewhat behind, together comprising a further 8%.

Egypt, with a CAGR of +101.2%, saw the highest growth rate of 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

In 2022, the average roasted malt export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average 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 Germany ($X per ton), while the average price for exports to Romania ($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 Germany (+27.6%), while the prices for the other major destinations experienced mixed trend patterns.

Roasted Malt Imports

Imports into Greece

In 2022, approx. X tons of roasted malt were imported into Greece; picking up by 172% compared with the year before. Overall, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, roasted malt imports soared to $X in 2022. In general, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Bulgaria (X tons) constituted the largest roasted malt supplier to Greece, with a 61% share of total imports. Moreover, roasted malt imports from Bulgaria exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from Bulgaria amounted to +277.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+14.0% per year) and Germany (+0.8% per year).

In value terms, Bulgaria ($X), the UK ($X) and Germany ($X) were the largest roasted malt suppliers to Greece, together comprising 84% of total imports.

In terms of the main suppliers, Bulgaria, with a CAGR of +338.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average roasted malt import price amounted to $X per ton, waning by -32.7% against the previous year. In general, the import price saw a pronounced downturn. The pace of growth appeared the most rapid in 2019 an increase of 31%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malta ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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