Middle East: Roasted Malt Market 2024

Roasted Malt Market Size in the Middle East

The Middle Eastern roasted malt market reached $X in 2022, surging by 3% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 8.8%. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Roasted Malt Production in the Middle East

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 +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 11% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Roasted Malt Exports

Exports in the Middle East

Roasted malt exports fell rapidly to X tons in 2022, declining by -61.5% against 2021 figures. In general, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2019 with an increase of 1,207% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, roasted malt exports shrank remarkably to $X in 2022. Overall, exports, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 843%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey prevails in exports structure, accounting for X tons, which was approx. 76% of total exports in 2022. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 9.9% share, followed by Kuwait (7.1%) and Lebanon (6.2%).

From 2012 to 2022, average annual rates of growth with regard to roasted malt exports from Turkey stood at +1.2%. At the same time, Lebanon (+21.8%) and the United Arab Emirates (+13.6%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +21.8% from 2012-2022. By contrast, Kuwait (-12.6%) illustrated a downward trend over the same period. Turkey (+18 p.p.), the United Arab Emirates (+7.5 p.p.) and Lebanon (+5.5 p.p.) significantly strengthened its position in terms of the total exports, while Kuwait saw its share reduced by -16.8% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest roasted malt supplier in the Middle East, comprising 64% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total exports. It was followed by Lebanon, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +4.3%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+19.3% per year) and Lebanon (+15.3% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of 54% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the export price increased by 73% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

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 the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.1%), while the other leaders experienced more modest paces of growth.

Roasted Malt Imports

Imports in the Middle East

In 2022, overseas purchases of roasted malt increased by 130% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded modest growth. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, roasted malt imports skyrocketed to $X in 2022. In general, imports continue to indicate perceptible growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) was the main importer of roasted malt, generating 67% of total imports. Israel (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Jordan (10%). The following importers - the United Arab Emirates (X tons) and Oman (X tons) - each amounted to a 3.9% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to roasted malt imports into Turkey stood at +3.8%. At the same time, Oman (+40.5%), the United Arab Emirates (+18.4%) and Israel (+3.4%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +40.5% from 2012-2022. By contrast, Jordan (-9.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Israel, the United Arab Emirates and Oman increased by +16, +3, +1.7 and +1.7 percentage points, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported roasted malt in the Middle East, comprising 66% of total imports. The second position in the ranking was taken by Israel ($X), with a 13% share of total imports. It was followed by Jordan, with a 9.2% share.

In Turkey, roasted malt imports increased at an average annual rate of +4.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (+4.1% per year) and Jordan (-4.5% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, with an increase of 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2020 an increase of 19% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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