MERCOSUR: Roasted Malt Market 2024

Roasted Malt Market Size in MERCOSUR

The MERCOSUR roasted malt market fell to $X in 2022, declining by -2.8% against the previous year. Over the period under review, consumption continues to indicate a perceptible reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Roasted Malt Production in MERCOSUR

In value terms, roasted malt production stood at $X in 2022 estimated in export price. In general, production, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2019 with an increase of 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Roasted Malt Exports

Exports in MERCOSUR

After three years of decline, shipments abroad of roasted malt increased by 53% to X tons in 2022. Overall, exports, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 266%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, roasted malt exports surged to $X in 2022. Over the period under review, exports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2015 when exports increased by 237%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia was the main exporting country with an export of around X tons, which amounted to 66% of total exports. It was distantly followed by Uruguay (X tons), creating a 32% share of total exports. Chile (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to roasted malt exports from Colombia stood at -7.1%. At the same time, Uruguay (+45.2%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +45.2% from 2012-2022. By contrast, Chile (-20.7%) illustrated a downward trend over the same period. Uruguay (+31 p.p.) significantly strengthened its position in terms of the total exports, while Chile and Colombia saw its share reduced by -9.4% and -22% from 2012 to 2022, respectively.

In value terms, Colombia ($X), Uruguay ($X) and Chile ($X) were the countries with the highest levels of exports in 2022, with a combined 99% share of total exports.

Uruguay, with a CAGR of +38.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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, reducing by -10.4% against the previous year. Overall, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2019 when the export price increased by 23% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.1%), while the other leaders experienced a decline in the export price figures.

Roasted Malt Imports

Imports in MERCOSUR

In 2022, approx. X tons of roasted malt were imported in MERCOSUR; declining by -8% against the previous year's figure. Overall, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2018 when imports increased by 110%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, roasted malt imports declined modestly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 91% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Brazil represented the key importer of roasted malt in MERCOSUR, with the volume of imports resulting at X tons, which was approx. 47% of total imports in 2022. Ecuador (X tons) took a 28% share (based on physical terms) of total imports, which put it in second place, followed by Peru (11%). Argentina (X tons), Chile (X tons), Guyana (X tons) and Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +52.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported roasted malt in MERCOSUR, comprising 58% of total imports. The second position in the ranking was taken by Ecuador ($X), with a 17% share of total imports. It was followed by Peru, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +51.5%. The remaining importing countries recorded the following average annual rates of imports growth: Ecuador (-15.1% per year) and Peru (+9.4% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by 8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2019 an increase of 28% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Ecuador ($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 (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform