Ireland: Malt Market 2024

Malt Market Size in Ireland

The Irish malt market expanded significantly to $X in 2022, picking up by 9% against the previous year. Overall, consumption, however, saw a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Malt Production in Ireland

In value terms, malt production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 34%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Malt Exports

Exports from Ireland

After four years of growth, overseas shipments of malt decreased by -25.8% to X tons in 2022. Overall, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 116%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, malt exports plummeted to $X in 2022. In general, exports, however, showed a pronounced expansion. The growth pace was the most rapid in 2013 with an increase of 87% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for malt exports from Ireland, with a 92% share of total exports. Moreover, malt exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and the United States (+1.3% per year).

It was followed by the United States, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and the United States (+14.2% per year).

Export Prices by Country

In 2022, the average malt export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 29%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 the United States (+12.7%), while the prices for the other major destinations experienced mixed trend patterns.

Malt Imports

Imports into Ireland

In 2022, approx. X tons of malt were imported into Ireland; with an increase of 4.3% compared with 2021. Over the period under review, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 192% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, malt imports soared to $X in 2022. In general, imports, however, showed a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 132%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The UK (X tons) and the Netherlands (X tons) were the main suppliers of malt imports to Ireland.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +4.2%).

In value terms, the largest malt suppliers to Ireland were the UK ($X) and the Netherlands ($X).

The UK, with a CAGR of +2.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average malt import price stood at $X per ton in 2022, surging by 24% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, malt import price increased by +75.4% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 42%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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