Hong Kong SAR, China: Malt Market 2024

Malt Market Size in Hong Kong SAR, China

The Hong Kong malt market skyrocketed to $X in 2021, jumping by 19% against the previous year. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.6% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Malt Production in Hong Kong SAR, China

In value terms, malt production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.0% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 43%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Malt Exports

Exports from Hong Kong SAR, China

After three years of growth, overseas shipments of malt (not roasted) decreased by -31% to X tons in 2021. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 2,546%. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped remarkably in the following year.

In value terms, malt exports reduced rapidly to $X in 2021. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 1,283%. Over the period under review, the exports hit record highs at $X in 2020, and then dropped significantly in the following year.

Exports by Country

Singapore (X tons) was the main destination for malt exports from Hong Kong SAR, with a 42% share of total exports. Moreover, malt exports to Singapore exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+40.7% per year) and France (+24.6% per year).

In value terms, Singapore ($X) emerged as the key foreign market for malt (not roasted) exports from Hong Kong SAR, comprising 39% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+55.1% per year) and France (+26.9% per year).

Export Prices by Country

In 2021, the average malt export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 139% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.

Malt Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of malt (not roasted) were imported into Hong Kong SAR; with a decrease of -14.9% compared with the previous year. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, malt imports declined to $X in 2021. In general, imports recorded a slight shrinkage. The growth pace was the most rapid in 2019 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Belgium (X tons) and Australia (X tons) were the main suppliers of malt imports to Hong Kong SAR, with a combined 64% share of total imports. These countries were followed by Vietnam, Germany and France, which together accounted for a further 4%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and Australia ($X) appeared to be the largest malt suppliers to Hong Kong SAR, with a combined 63% share of total imports. These countries were followed by Vietnam, Germany and France, which together accounted for a further 5.9%.

Germany, with a CAGR of +13.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average malt import price stood at $X per ton in 2021, growing by 13% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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