Japan: Malt Market 2024

Malt Market Size in Japan

The Japanese malt market soared to $X in 2022, growing by 23% against the previous year. In general, consumption, however, continues to indicate a pronounced slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Malt Production in Japan

In value terms, malt production stood at $X in 2022 estimated in export price. Overall, production, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by 8.2%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Malt Exports

Exports from Japan

In 2022, malt exports from Japan stood at X tons, standing approx. at 2021. Over the period under review, exports, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2015 with an increase of 253% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, malt exports totaled $X in 2022. In general, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2015 with an increase of 220%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for malt exports from Japan, accounting for a 44% share of total exports. Moreover, malt exports to Singapore exceeded the volume sent to the second major destination, Greece (X tons), more than tenfold. The third position in this ranking was held by Canada (X tons), with a 1.3% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore totaled +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-5.7% per year) and Canada (+78.0% per year).

In value terms, Singapore ($X) remains the key foreign market for malt exports from Japan, comprising 44% of total exports. The second position in the ranking was held by Greece ($X), with a 3.5% share of total exports. It was followed by France, with a 0.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-33.5% per year) and France (-7.1% per year).

Export Prices by Country

The average malt export price stood at $X per ton in 2022, approximately mirroring the previous year. In general, the export price, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by 8.6% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 Greece ($X per ton), while the average price for exports to Belgium ($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 Singapore (-8.1%), while the prices for the other major destinations experienced a decline.

Malt Imports

Imports into Japan

In 2022, approx. X tons of malt were imported into Japan; with an increase of 22% on the year before. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, malt imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable decline. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Canada (X tons), the UK (X tons) and Australia (X tons) were the main suppliers of malt imports to Japan, together comprising 60% of total imports. France, Germany, the Netherlands, the Czech Republic, Belgium and the United States lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +10.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest malt suppliers to Japan were Canada ($X), the UK ($X) and Australia ($X), together comprising 64% of total imports. France, Germany, the Netherlands, the Czech Republic, Belgium and the United States lagged somewhat behind, together accounting for a further 31%.

The Netherlands, with a CAGR of +8.0%, saw the highest rates of growth with regard to the value of imports, among 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 2022, rising by 3.2% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 an increase of 15%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :