MERCOSUR: Malt Market 2024

Malt Market Size in MERCOSUR

In 2021, the MERCOSUR malt market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, recorded a perceptible decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Malt Production in MERCOSUR

In value terms, malt production reached $X in 2021 estimated in export price. In general, production, however, recorded a deep reduction. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Malt Exports

Exports in MERCOSUR

In 2021, the amount of malt (not roasted) exported in MERCOSUR rose significantly to X tons, growing by 8% against 2020 figures. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 28%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, malt exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 27% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) and Uruguay (X tons) dominates exports structure, together constituting 91% of total exports. It was distantly followed by Colombia (X tons), constituting a 5.6% share of total exports. Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Colombia (with a CAGR of +50.4%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Uruguay ($X) and Colombia ($X) were the countries with the highest levels of exports in 2021, together accounting for 97% of total exports. Brazil lagged somewhat behind, accounting for a further 1.4%.

In terms of the main exporting countries, Brazil, with a CAGR of +36.1%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, rising by 8.2% against the previous year. In general, the export price, however, saw a slight descent. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Uruguay ($X per ton) and Argentina ($X per ton), while Colombia ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-0.6%), while the other leaders experienced a decline in the export price figures.

Malt Imports

Imports in MERCOSUR

In 2021, overseas purchases of malt (not roasted) increased by 32% to X tons, rising for the third consecutive year after two years of decline. Total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.3% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of 35%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, malt imports soared to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.5% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil prevails in imports structure, resulting at X tons, which was near 81% of total imports in 2021. The following importers - Chile (X tons), Venezuela (X tons), Peru (X tons), Paraguay (X tons) and Colombia (X tons) - together made up 16% of total imports.

From 2012 to 2021, average annual rates of growth with regard to malt imports into Brazil stood at +6.4%. At the same time, Colombia (+55.6%), Paraguay (+7.5%) and Chile (+6.6%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +55.6% from 2012-2021. By contrast, Peru (-1.5%) and Venezuela (-13.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil and Colombia increased by +16 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported malt (not roasted) in MERCOSUR, comprising 80% of total imports. The second position in the ranking was taken by Chile ($X), with a 4.8% share of total imports. It was followed by Venezuela, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil totaled +4.1%. In the other countries, the average annual rates were as follows: Chile (+6.9% per year) and Venezuela (-15.4% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, picking up by 6.3% against the previous year. Overall, the import price, however, showed a mild downturn. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Paraguay ($X per ton) and Colombia ($X per ton), while Venezuela ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+0.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform