Lithuania: Roasted Malt Market 2024

Roasted Malt Market Size in Lithuania

The Lithuanian roasted malt market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, showed a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Roasted Malt Production in Lithuania

In value terms, roasted malt production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 19%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Roasted Malt Exports

Exports from Lithuania

In 2022, the amount of roasted malt exported from Lithuania declined dramatically to X tons, which is down by -34.7% against 2021 figures. Overall, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 41% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, roasted malt exports dropped to $X in 2022. Over the period under review, exports showed a mild setback. The most prominent rate of growth was recorded in 2014 with an increase of 30% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for roasted malt exports from Lithuania, accounting for a 93% share of total exports. Moreover, roasted malt exports to Germany exceeded the volume sent to the second major destination, Russia (X tons), more than tenfold. The third position in this ranking was held by Latvia (X tons), with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-14.3% per year) and Latvia (-11.4% per year).

In value terms, Germany ($X) remains the key foreign market for roasted malt exports from Lithuania, comprising 92% of total exports. The second position in the ranking was held by Russia ($X), with a 4% share of total exports. It was followed by Latvia, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-12.2% per year) and Latvia (-10.8% per year).

Export Prices by Country

In 2022, the average roasted malt export price amounted to $X per ton, rising by 37% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Belarus ($X per ton) and Russia ($X per ton), while the average price for exports to Latvia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Roasted Malt Imports

Imports into Lithuania

In 2022, overseas purchases of roasted malt decreased by -48.1% to X tons, falling for the third consecutive year after four years of growth. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 128% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, roasted malt imports contracted rapidly to $X in 2022. Over the period under review, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by 217%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Austria (X tons) constituted the largest supplier of roasted malt to Lithuania, accounting for a 40% share of total imports. Moreover, roasted malt imports from Austria exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. Estonia (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria stood at +89.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.5% per year) and Estonia (+1.2% per year).

In value terms, Austria ($X) constituted the largest supplier of roasted malt to Lithuania, comprising 52% of total imports. The second position in the ranking was taken by Estonia ($X), with an 18% share of total imports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria stood at +87.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+6.8% per year) and Poland (+11.4% per year).

Import Prices by Country

The average roasted malt import price stood at $X per ton in 2022, rising by 37% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 63% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Russia ($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 (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform