Scandinavia: Roasted Malt Market 2024

Roasted Malt Market Size in Scandinavia

In 2022, the Scandinavia roasted malt market increased by 19% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +48.8% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Roasted Malt Production in Scandinavia

In value terms, roasted malt production contracted to $X in 2022 estimated in export price. The total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +10.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 42%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Roasted Malt Exports

Exports in Scandinavia

In 2022, the amount of roasted malt exported in Scandinavia reduced to X tons, which is down by -5.1% on 2021 figures. In general, exports showed a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, roasted malt exports surged to $X in 2022. Overall, exports saw a perceptible downturn. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Finland (X tons) was the major exporter of roasted malt, constituting 82% of total exports. It was distantly followed by Sweden (X tons), generating an 18% share of total exports.

Exports from Finland decreased at an average annual rate of -9.1% from 2012 to 2022. At the same time, Sweden (+68.7%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +68.7% from 2012-2022. Sweden (+18 p.p.) significantly strengthened its position in terms of the total exports, while Finland saw its share reduced by -17.9% from 2012 to 2022, respectively.

In value terms, Finland ($X) remains the largest roasted malt supplier in Scandinavia, comprising 67% of total exports. The second position in the ranking was taken by Sweden ($X), with a 33% share of total exports.

In Finland, roasted malt exports shrank by an average annual rate of -6.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, increasing by 62% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 +86.8% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Sweden ($X per ton), while Finland totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+4.5%).

Roasted Malt Imports

Imports in Scandinavia

Roasted malt imports expanded rapidly to X tons in 2022, growing by 5.8% compared with the year before. Overall, imports posted pronounced growth. The growth pace was the most rapid in 2016 when imports increased by 74%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, roasted malt imports surged to $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.6% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 46% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Norway (X tons) and Sweden (X tons) were the key importers of roasted malt in 2022, amounting to approx. 36% and 33% of total imports, respectively. It was followed by Finland (X tons), making up a 31% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of +24.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest roasted malt importing markets in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Finland, with a CAGR of +25.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 2022, picking up by 12% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 45% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+0.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform