Hong Kong SAR, China: Malt Market 2025

Malt Market Size in Hong Kong SAR, China

In 2022, the Hong Kong malt market decreased by -14.9% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Malt Exports

Exports from Hong Kong SAR, China

Malt exports from Hong Kong SAR was estimated at X tons in 2022, remaining constant against 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,204% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, malt exports stood at $X in 2022. In general, exports saw buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by 864%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) was the main destination for malt exports from Hong Kong SAR, accounting for a 84% share of total exports. Moreover, malt exports to Nigeria exceeded the volume sent to the second major destination, China (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria amounted to +18.4%.

In value terms, Nigeria ($X) remains the key foreign market for malt exports from Hong Kong SAR, comprising 92% of total exports. The second position in the ranking was held by China ($X), with a 5.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Nigeria totaled +18.4%.

Export Prices by Country

The average malt export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a slight downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 68% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 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 Nigeria ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-25.8%).

Malt Imports

Imports into Hong Kong SAR, China

In 2022, after three years of growth, there was significant decline in purchases abroad of malt, when their volume decreased by -26.7% to X tons. Overall, imports recorded a slight reduction. The growth pace was the most rapid in 2015 with an increase of 12% against the previous year. Imports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, malt imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

China (X tons), Australia (X tons) and Belgium (X tons) were the main suppliers of malt imports to Hong Kong SAR, together accounting for 92% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +6.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest malt suppliers to Hong Kong SAR were China ($X), Australia ($X) and Belgium ($X), with a combined 88% share of total imports. Vietnam and France lagged somewhat behind, together comprising a further 3.9%.

Among the main suppliers, Vietnam, with a CAGR of +8.4%, saw the highest rates of growth with regard to 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 malt import price amounted to $X per ton, growing by 23% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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