Italy: Malt Market 2024

Malt Market Size in Italy

The Italian malt market dropped to $X in 2021, declining by -5.7% against the previous year. In general, consumption recorded a mild contraction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Malt Production in Italy

In value terms, malt production declined to $X in 2021 estimated in export price. Overall, production showed a perceptible descent. The pace of growth appeared the most rapid in 2016 with an increase of 44% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Malt Exports

Exports from Italy

In 2021, malt exports from Italy skyrocketed to X tons, picking up by 27% against 2020. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 76%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, malt exports skyrocketed to $X in 2021. Overall, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 64% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

France (X tons), the UK (X tons) and the Netherlands (X tons) were the main destinations of malt exports from Italy, together comprising 47% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +188.9%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Spain ($X) and France ($X) were the largest markets for malt exported from Italy worldwide, together accounting for 56% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +185.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average malt export price amounted to $X per ton, growing by 28% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, malt export price increased by +44.0% against 2018 indices. The growth pace was the most rapid in 2016 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($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 Albania (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Malt Imports

Imports into Italy

In 2021, the amount of malt (not roasted) imported into Italy rose sharply to X tons, surging by 8.3% compared with the previous year. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 20% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, malt imports rose markedly to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 21%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), France (X tons) and Austria (X tons) were the main suppliers of malt imports to Italy, with a combined 88% share of total imports. These countries were followed by Greece, which accounted for a further 6.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +62.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Austria ($X) were the largest malt suppliers to Italy, with a combined 86% share of total imports. These countries were followed by Greece, which accounted for a further 6.9%.

Among the main suppliers, Greece, with a CAGR of +47.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average malt import price stood at $X per ton in 2021, surging by 3.8% against the previous year. In general, the import price, however, saw a slight decline. The most prominent rate of growth was recorded in 2019 an increase of 9.2%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Greece ($X per ton) and Germany ($X per ton), while the price for Austria ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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