MERCOSUR: Malt Market 2024

Malt Market Size in MERCOSUR

In 2022, the MERCOSUR malt market decreased by -0.5% to $X for the first time since 2017, thus ending a four-year rising trend. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, leveling off in the following year.

Malt Production in MERCOSUR

In value terms, malt production reached $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 10%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Malt Exports

Exports in MERCOSUR

In 2022, exports of malt in MERCOSUR reached X tons, therefore, remained relatively stable against the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 9.2% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, malt exports stood at $X in 2022. Over the period under review, exports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of 5.2% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) and Uruguay (X tons) dominates exports structure, together making up 95% of total exports. The following exporters - Colombia (X tons) and Brazil (X tons) - together made up 5% of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +16.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest malt supplying countries in MERCOSUR were Argentina ($X), Uruguay ($X) and Brazil ($X), with a combined 98% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of +23.1%, saw the highest rates of growth with regard to the value of exports, 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 MERCOSUR amounted to $X per ton, rising by 1.8% against the previous year. In general, the export price, however, showed a mild contraction. The pace of growth was the most pronounced in 2013 an increase of 6.2% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.3%), while the other leaders experienced a decline in the export price figures.

Malt Imports

Imports in MERCOSUR

In 2022, supplies from abroad of malt decreased by -16.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports reached the peak of X tons, and then declined markedly in the following year.

In value terms, malt imports fell slightly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. As a result, imports attained the peak of $X, and then dropped modestly in the following year.

Imports by Country

Brazil dominates imports structure, accounting for X tons, which was approx. 79% of total imports in 2022. Peru (X tons) took the second position in the ranking, followed by Venezuela (X tons). All these countries together took near 10% share of total imports. Paraguay (X tons), Chile (X tons) and Colombia (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of +2.2% from 2012 to 2022. At the same time, Colombia (+8.4%) and Paraguay (+8.1%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +8.4% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Peru (-1.1%) and Venezuela (-13.1%) illustrated a downward trend over the same period. While the share of Brazil (+15 p.p.) and Paraguay (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Venezuela (-15.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported malt in MERCOSUR, comprising 80% of total imports. The second position in the ranking was held by Peru ($X), with a 5% share of total imports. It was followed by Paraguay, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to +2.2%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (-1.7% per year) and Paraguay (+9.8% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, jumping by 17% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. 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 Paraguay ($X per ton), while Venezuela ($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 (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform