New Zealand: Malt Market 2024

Malt Market Size in New Zealand

In 2022, the New Zealand malt market decreased by -3.5% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Malt Production in New Zealand

In value terms, malt production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 15%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Malt Exports

Exports from New Zealand

In 2022, shipments abroad of malt increased by 254% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, exports continue to indicate a temperate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, malt exports skyrocketed to $X in 2022. Overall, exports saw a notable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for malt exports from New Zealand, with a 69% share of total exports. Moreover, malt exports to Australia exceeded the volume sent to the second major destination, Japan (X tons), sixfold. The Philippines (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+93.7% per year) and the Philippines (+183.7% per year).

In value terms, Australia ($X), Japan ($X) and the Philippines ($X) were the largest markets for malt exported from New Zealand worldwide, together accounting for 85% of total exports.

In terms of the main countries of destination, the Philippines, with a CAGR of +151.9%, recorded 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

The average malt export price stood at $X per ton in 2022, waning by -15.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to French Polynesia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Malt Imports

Imports into New Zealand

In 2022, purchases abroad of malt decreased by -62.8% to X tons, falling for the second year in a row after six years of growth. Over the period under review, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2015 when imports increased by 35% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, malt imports shrank dramatically to $X in 2022. In general, imports showed a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 49%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Australia (X tons) and the UK (X tons) were the main suppliers of malt imports to New Zealand, together accounting for 98% of total imports. These countries were followed by the United States, which accounted for a further 1.6%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +20.3%), while purchases for the other leaders experienced a decline.

In value terms, the UK ($X), Germany ($X) and Australia ($X) constituted the largest malt suppliers to New Zealand, together accounting for 79% of total imports. The United States lagged somewhat behind, comprising a further 21%.

The United States, with a CAGR of +47.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average malt import price amounted to $X per ton, surging by 26% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, malt import price increased by +92.2% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 40%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($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 States (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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