MENA: Roasted Malt Market 2024

Roasted Malt Market Size in MENA

The MENA's roasted malt market fell to $X in 2022, flattening at the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Roasted Malt Production in MENA

In value terms, roasted malt production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Roasted Malt Exports

Exports in MENA

In 2022, roasted malt exports in MENA soared to X tons, increasing by 18% against the previous year. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 604% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, roasted malt exports soared to $X in 2022. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 337%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Egypt prevails in exports structure, resulting at X tons, which was near 93% of total exports in 2022. It was distantly followed by Turkey (X tons), generating a 5.5% share of total exports.

Egypt was also the fastest-growing in terms of the roasted malt exports, with a CAGR of +43.2% from 2012 to 2022. At the same time, Turkey (+1.2%) displayed positive paces of growth. Egypt (+69 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -39.3% from 2012 to 2022, respectively.

In value terms, Egypt ($X) remains the largest roasted malt supplier in MENA, comprising 92% of total exports. The second position in the ranking was taken by Turkey ($X), with a 5.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Egypt totaled +44.9%.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with an increase of 18% against the previous year. In general, the export price enjoyed noticeable growth. The pace of growth was the most pronounced in 2013 an increase of 57% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.0%).

Roasted Malt Imports

Imports in MENA

In 2022, approx. X tons of roasted malt were imported in MENA; increasing by 8.8% on 2021. Overall, imports, however, recorded a slight reduction. The growth pace was the most rapid in 2019 with an increase of 94% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, roasted malt imports skyrocketed to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 69% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Algeria represented the main importer of roasted malt in MENA, with the volume of imports resulting at X tons, which was approx. 58% of total imports in 2022. Turkey (X tons) ranks second in terms of the total imports with a 28% share, followed by Israel (6%). Jordan (X tons) took a relatively small share of total imports.

Algeria was also the fastest-growing in terms of the roasted malt imports, with a CAGR of +17.0% from 2012 to 2022. At the same time, Turkey (+3.8%) and Israel (+3.4%) displayed positive paces of growth. By contrast, Jordan (-9.2%) illustrated a downward trend over the same period. Algeria (+48 p.p.), Turkey (+12 p.p.) and Israel (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Jordan saw its share reduced by -5% from 2012 to 2022, respectively.

In value terms, Algeria ($X), Turkey ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 88% share of total imports.

Algeria, with a CAGR of +15.8%, saw the highest rates of growth with regard to 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

The import price in MENA stood at $X per ton in 2022, picking up by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2020 when the import price increased by 27%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform