Latin America and the Caribbean: Roasted Malt Market 2024

Roasted Malt Market Size in Latin America and the Caribbean

The Latin American roasted malt market totaled $X in 2022, flattening at the previous year. Over the period under review, consumption recorded a slight contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Roasted Malt Production in Latin America and the Caribbean

In value terms, roasted malt production reached $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2019 when the production volume increased by 18%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Roasted Malt Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of roasted malt were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2015 with an increase of 242%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, roasted malt exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 215%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia represented the largest exporting country with an export of about X tons, which resulted at 65% of total exports. It was distantly followed by Uruguay (X tons), comprising a 31% share of total exports. Chile (X tons) held a relatively small share of total exports.

Exports from Colombia decreased at an average annual rate of -7.1% from 2012 to 2022. At the same time, Uruguay (+45.2%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +45.2% from 2012-2022. By contrast, Chile (-20.7%) illustrated a downward trend over the same period. While the share of Uruguay (+31 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Chile (-9.2 p.p.) and Colombia (-20.8 p.p.) displayed negative dynamics.

In value terms, the largest roasted malt supplying countries in Latin America and the Caribbean were Colombia ($X), Uruguay ($X) and Chile ($X), with a combined 96% share of total exports.

Uruguay, with a CAGR of +38.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, which is down by -10.2% against the previous year. Overall, the export price recorded a slight decline. The growth pace was the most rapid in 2019 an increase of 23% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.1%), while the other leaders experienced a decline in the export price figures.

Roasted Malt Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of roasted malt decreased by -8.2% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 86%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, roasted malt imports expanded remarkably to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.1% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 54%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Panama represented the largest importer of roasted malt in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. 44% of total imports in 2022. Brazil (X tons) took the second position in the ranking, distantly followed by Ecuador (X tons) and the Dominican Republic (X tons). All these countries together took near 38% share of total imports. Peru (X tons), Grenada (X tons) and Argentina (X tons) followed a long way behind the leaders.

Panama was also the fastest-growing in terms of the roasted malt imports, with a CAGR of +137.8% from 2012 to 2022. At the same time, Brazil (+52.3%), Argentina (+29.7%), the Dominican Republic (+14.1%), Peru (+9.2%) and Grenada (+2.0%) displayed positive paces of growth. By contrast, Ecuador (-13.1%) illustrated a downward trend over the same period. Panama (+44 p.p.), Brazil (+19 p.p.), the Dominican Republic (+5 p.p.), Grenada (+2.5 p.p.) and Peru (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Ecuador saw its share reduced by -38.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roasted malt importing markets in Latin America and the Caribbean were Panama ($X), Brazil ($X) and the Dominican Republic ($X), with a combined 72% share of total imports.

Panama, with a CAGR of +129.0%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Grenada (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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