New Zealand: Roasted Malt Market 2024

Roasted Malt Market Size in New Zealand

The New Zealand roasted malt market fell dramatically to $X in 2022, declining by -21.7% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Roasted Malt Production in New Zealand

In value terms, roasted malt production reduced to $X in 2022 estimated in export price. In general, production recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 24%. Roasted malt production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Roasted Malt Exports

Exports from New Zealand

In 2022, approx. X tons of roasted malt were exported from New Zealand; jumping by 65% against 2021 figures. Over the period under review, exports, however, recorded a dramatic slump. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, roasted malt exports skyrocketed to $X in 2022. Overall, exports, however, faced a abrupt descent. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for roasted malt exports from New Zealand, accounting for a 66% share of total exports. Moreover, roasted malt exports to Australia exceeded the volume sent to the second major destination, China (X tons), fourfold. India (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia amounted to +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+3.0% per year) and India (+31.7% per year).

In value terms, Australia ($X) emerged as the key foreign market for roasted malt exports from New Zealand, comprising 46% of total exports. The second position in the ranking was taken by China ($X), with a 23% share of total exports. It was followed by India, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+7.2% per year) and India (+31.1% per year).

Export Prices by Country

The average roasted malt export price stood at $X per ton in 2022, dropping by -16.4% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, roasted malt export price increased by +32.4% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 58% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Australia ($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 (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Roasted Malt Imports

Imports into New Zealand

In 2022, purchases abroad of roasted malt decreased by -77% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 167%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, roasted malt imports fell markedly to $X in 2022. In general, imports recorded a deep contraction. The pace of growth was the most pronounced in 2015 when imports increased by 188% against the previous year. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of roasted malt to New Zealand, with a 63% share of total imports. Moreover, roasted malt imports from Germany exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-11.5% per year) and the UK (-19.8% per year).

In value terms, the largest roasted malt suppliers to New Zealand were Germany ($X), Australia ($X) and the UK ($X), together comprising 98% of total imports.

Germany, with a CAGR of +5.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average roasted malt import price stood at $X per ton in 2022, surging by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2019 an increase of 27%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Germany ($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 UK (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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