Scandinavia: Malt Market 2024

Malt Market Size in Scandinavia

The Scandinavia malt market reached $X in 2021, increasing by 2.3% against the previous year. Over the period under review, consumption, however, recorded a noticeable shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Malt Production in Scandinavia

In value terms, malt production rose notably to $X in 2021 estimated in export price. In general, production, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Malt Exports

Exports in Scandinavia

After three years of decline, overseas shipments of malt (not roasted) increased by 6.1% to X tons in 2021. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when exports increased by 29%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, malt exports reached $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 32% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden represented the main exporting country with an export of about X tons, which finished at 87% of total exports. It was distantly followed by Finland (X tons), mixing up a 13% share of total exports.

Sweden was also the fastest-growing in terms of the malt (not roasted) exports, with a CAGR of +2.9% from 2012 to 2021. Finland (-5.9%) illustrated a downward trend over the same period. While the share of Sweden (+12 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Finland (-12.3 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest malt supplier in Scandinavia, comprising 83% of total exports. The second position in the ranking was taken by Finland ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Sweden totaled +1.4%.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, surging by 5.9% against the previous year. Over the period under review, the export price, however, showed a slight decline. The most prominent rate of growth was recorded in 2018 an increase of 11%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-0.0%).

Malt Imports

Imports in Scandinavia

In 2021, purchases abroad of malt (not roasted) decreased by -2.7% to X tons for the first time since 2017, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 30% against the previous year. The volume of import peaked at X tons in 2020, and then shrank in the following year.

In value terms, malt imports declined slightly to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 32%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Norway (X tons) and Sweden (X tons) dominates imports structure, together generating 96% of total imports. Finland (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +28.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2021.

In terms of the main importing countries, Finland, with a CAGR of +16.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, the import price, however, recorded a mild decrease. The pace of growth was the most pronounced in 2017 when the import price increased by 5.2%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform