Ireland: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Ireland

For the third year in a row, the Irish market for malt extract and food preparations of flour, meal, and starches recorded growth in sales value, which increased by 7.4% to $X in 2022. Overall, consumption, however, showed a prominent increase. Consumption of peaked in 2022 and is likely to see gradual growth in the near future.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Ireland

In value terms, production of malt extract and food preparations of flour, meal, and starches fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 38%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Ireland

In 2022, overseas shipments of malt extract and food preparations of flour, meal, and starches decreased by -2.4% to X tons, falling for the third year in a row after four years of growth. The total export volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches soared to $X in 2022. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 43%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons), Senegal (X tons) and Mali (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Ireland, with a combined 31% share of total exports. The UK, the United Arab Emirates, the Netherlands, Iraq, Niger, Democratic Republic of the Congo, Thailand, Poland, Ghana and Togo lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +109.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Senegal ($X) and the UK ($X) appeared to be the largest markets for malt extract and food preparations of flour, meal, and starch exported from Ireland worldwide, with a combined 31% share of total exports. Mali, the United Arab Emirates, the Netherlands, Iraq, Niger, Democratic Republic of the Congo, Poland, Thailand, Togo and Ghana lagged somewhat behind, together accounting for a further 42%.

Thailand, with a CAGR of +88.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, picking up by 21% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Thailand ($X per ton) and Mali ($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 the United Arab Emirates (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Ireland

In 2022, imports of malt extract and food preparations of flour, meal, and starches into Ireland totaled X tons, growing by 4.2% on the previous year's figure. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 75% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of malt extract and food preparations of flour, meal, and starches rose notably to $X in 2022. Over the period under review, imports continue to indicate a notable increase. The pace of growth was the most pronounced in 2020 when imports increased by 81%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of malt extract and food preparations of flour, meal, and starch to Ireland, with a 47% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from the UK exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+38.0% per year) and Germany (+21.0% per year).

In value terms, the UK ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Ireland, comprising 40% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by France, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+28.4% per year) and France (+34.9% per year).

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, increasing by 10% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 31%. As a result, import price attained the peak level of $X per ton. From 2014 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 Poland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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