Lithuania: Malt Market 2024

Malt Market Size in Lithuania

In 2022, the Lithuanian malt market decreased by -5.4% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption saw a pronounced contraction. The pace of growth was the most pronounced in 2018 with an increase of 9.5% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Malt Production in Lithuania

In value terms, malt production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 9.8%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Malt Exports

Exports from Lithuania

In 2022, exports of malt from Lithuania stood at X tons, rising by 4% on the previous year's figure. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.6% against 2013 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 35% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, malt exports skyrocketed to $X in 2022. Overall, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +104.1% against 2014 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Estonia (X tons) and Latvia (X tons) were the main destinations of malt exports from Lithuania, with a combined 57% share of total exports. Nicaragua, Guatemala, Ghana, Mexico and Germany lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +279.9%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Estonia ($X) and Latvia ($X) appeared to be the largest markets for malt exported from Lithuania worldwide, together accounting for 50% of total exports. Nicaragua, Ghana, Guatemala, Mexico and Germany lagged somewhat behind, together comprising a further 37%.

In terms of the main countries of destination, Ghana, with a CAGR of +492.3%, recorded the highest growth rate of 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

The average malt export price stood at $X per ton in 2022, surging by 46% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price 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. Based on 2022 figures, malt export price increased by +64.1% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Guatemala ($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 Ghana (+56.0%), while the prices for the other major destinations experienced more modest paces of growth.

Malt Imports

Imports into Lithuania

Malt imports into Lithuania expanded to X tons in 2022, picking up by 4.5% compared with the previous year. Overall, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2018 when imports increased by 49%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, malt imports surged to $X in 2022. Over the period under review, imports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 37%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Poland (X tons) and Finland (X tons) were the main suppliers of malt imports to Lithuania, with a combined 73% share of total imports. Austria, Estonia, the Czech Republic, Denmark and Russia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +88.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Austria ($X) constituted the largest malt suppliers to Lithuania, with a combined 61% share of total imports.

In terms of the main suppliers, Austria, with a CAGR of +88.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average malt import price amounted to $X per ton, rising by 10% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2017 an increase of 35%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform