Peru: Roasted Malt Market 2024

Roasted Malt Market Size in Peru

In 2022, after two years of growth, there was decline in the Peruvian roasted malt market, when its value decreased by -4% to $X. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Roasted Malt Production in Peru

In value terms, roasted malt production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, showed a slight decrease. The pace of growth was the most pronounced in 2018 with an increase of 31% against the previous year. Roasted malt production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Roasted Malt Exports

Exports from Peru

In 2022, shipments abroad of roasted malt decreased by -17.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 353% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined significantly in the following year.

In value terms, roasted malt exports fell to $X in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 820%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

The United States (X tons) was the main destination for roasted malt exports from Peru, with a 86% share of total exports. Moreover, roasted malt exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +41.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+23.0% per year) and Spain (+1.1% per year).

In value terms, the United States ($X) emerged as the key foreign market for roasted malt exports from Peru, comprising 88% of total exports. The second position in the ranking was taken by Chile ($X), with a 3.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+49.3% per year) and Spain (-1.5% per year).

Export Prices by Country

The average roasted malt export price stood at $X per ton in 2022, picking up by 5.4% against the previous year. Over the period under review, the export price, however, saw a slight decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 103% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Chile ($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 Chile (+21.4%), while the prices for the other major destinations experienced a decline.

Roasted Malt Imports

Imports into Peru

In 2022, imports of roasted malt into Peru contracted significantly to X tons, which is down by -30.6% compared with the previous year's figure. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 157%. As a result, imports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, roasted malt imports dropped rapidly to $X in 2022. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2021 with an increase of 164% against the previous year. As a result, imports attained the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2022, Colombia (X tons) constituted the largest supplier of roasted malt to Peru, with a 82% share of total imports. Moreover, roasted malt imports from Colombia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. Belgium (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from Colombia totaled +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+0.2% per year) and Belgium (-19.1% per year).

In value terms, Colombia ($X) constituted the largest supplier of roasted malt to Peru, comprising 69% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 8.2% share of total imports. It was followed by Belgium, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from Colombia amounted to +32.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.2% per year) and Belgium (-16.9% per year).

Import Prices by Country

In 2022, the average roasted malt import price amounted to $X per ton, leveling off at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 23%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Chile ($X per ton), while the price for Colombia ($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 (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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