Middle East: Malt Market 2024

Malt Market Size in the Middle East

For the seventh consecutive year, the Middle Eastern malt market recorded growth in sales value, which increased by 7.2% to $X in 2022. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Malt Production in the Middle East

In value terms, malt production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2014 with an increase of 10%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Malt Exports

Exports in the Middle East

In 2022, shipments abroad of malt decreased by -78.1% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2019 with an increase of 10%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, malt exports reduced sharply to $X in 2022. In general, exports saw a precipitous contraction. The growth pace was the most rapid in 2019 with an increase of 24% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Oman (X tons) was the main exporter of malt, generating 53% of total exports. It was distantly followed by the United Arab Emirates (X tons), Kuwait (X tons), Turkey (X tons) and Saudi Arabia (X tons), together constituting a 44% share of total exports.

Exports from Oman increased at an average annual rate of +60.5% from 2012 to 2022. At the same time, Saudi Arabia (+65.7%), Kuwait (+58.1%) and the United Arab Emirates (+24.6%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +65.7% from 2012-2022. By contrast, Turkey (-39.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman, the United Arab Emirates, Kuwait and Saudi Arabia increased by +53, +20, +13 and +4.6 percentage points, respectively.

In value terms, the largest malt supplying countries in the Middle East were Oman ($X), Turkey ($X) and the United Arab Emirates ($X), together comprising 70% of total exports. Kuwait and Saudi Arabia lagged somewhat behind, together accounting for a further 14%.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +47.3%, 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 2022, the export price in the Middle East amounted to $X per ton, with a decrease of -15.5% against the previous year. Overall, the export price recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 an increase of 21%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.1%), while the other leaders experienced a decline in the export price figures.

Malt Imports

Imports in the Middle East

In 2022, the amount of malt imported in the Middle East surged to X tons, jumping by 51% compared with the previous year's figure. Overall, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 56% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, malt imports surged to $X in 2022. In general, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the largest importer of malt in the Middle East, with the volume of imports resulting at X tons, which was approx. 78% of total imports in 2022. It was distantly followed by Israel (X tons), comprising a 14% share of total imports. The following importers - Iran (X tons) and Lebanon (X tons) - together made up 5% of total imports.

Turkey was also the fastest-growing in terms of the malt imports, with a CAGR of +22.3% from 2012 to 2022. At the same time, Israel (+6.3%), Iran (+5.5%) and Lebanon (+5.0%) displayed positive paces of growth. Turkey (+32 p.p.) significantly strengthened its position in terms of the total imports, while Lebanon, Iran and Israel saw its share reduced by -3.4%, -4.8% and -19.7% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported malt in the Middle East, comprising 82% of total imports. The second position in the ranking was taken by Israel ($X), with an 11% share of total imports. It was followed by Iran, with a 2% share.

In Turkey, malt imports expanded at an average annual rate of +26.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+4.7% per year) and Iran (+2.0% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, jumping by 27% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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