Report Update Nov 1, 2024

Singapore - Malt (Not Roasted) - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Malt Market 2024

Malt Market Size in Singapore

In 2021, the Singaporean malt market decreased by -8.1% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Malt Production in Singapore

In value terms, malt production plummeted to $X in 2021 estimated in export price. Over the period under review, production saw a precipitous decline. Over the period under review, production reached the peak level at $X in 2020, and then dropped dramatically in the following year.

Malt Exports

Exports from Singapore

After two years of growth, shipments abroad of malt (not roasted) decreased by -54.5% to X tons in 2021. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 6,765%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, malt exports stood at $X in 2021. Overall, exports, however, showed temperate growth. The most prominent rate of growth was recorded in 2016 with an increase of 2,469%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for malt exports from Singapore, accounting for a 81% share of total exports. Moreover, malt exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia stood at +216.7%.

In value terms, Indonesia ($X) remains the key foreign market for malt (not roasted) exports from Singapore, comprising 80% of total exports. The second position in the ranking was held by Malaysia ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to +232.0%.

Export Prices by Country

The average malt export price stood at $X per ton in 2021, surging by 128% against the previous year. Over the period under review, the export price, however, saw a deep slump. The growth pace was the most rapid in 2017 when the average export price increased by 152%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Indonesia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.4%), while the prices for the other major destinations experienced a decline.

Malt Imports

Imports into Singapore

In 2021, purchases abroad of malt (not roasted) increased by 7.9% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, malt imports expanded sharply to $X in 2021. In general, imports, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 7.1%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia (X tons), China (X tons) and France (X tons) were the main suppliers of malt imports to Singapore, together comprising 92% of total imports. These countries were followed by Germany, Belgium and the UK, which together accounted for a further 7.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +57.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), China ($X) and France ($X) constituted the largest malt suppliers to Singapore, with a combined 92% share of total imports. Germany, Belgium and the UK lagged somewhat behind, together comprising a further 8.3%.

Among the main suppliers, Germany, with a CAGR of +44.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average malt import price amounted to $X per ton, which is down by -1.8% against the previous year. Overall, the import price saw a pronounced reduction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for malt (not roasted) in the world?

The country with the largest volume of malt consumption was China, comprising approx. 17% of total volume. Moreover, malt consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 6.8% share.

What are the largest producers of malt (not roasted) in the world?

China remains the largest malt producing country worldwide, comprising approx. 18% of total volume. Moreover, malt production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 6.8% share.

What are the leading suppliers of malt (not roasted) to Singapore?

In value terms, the largest malt suppliers to Singapore were China, Australia and France, together accounting for 86% of total imports. Belgium, Germany and Denmark lagged somewhat behind, together accounting for a further 14%.

What are the leading importers of malt (not roasted) from Singapore?

In value terms, Indonesia, Cambodia and Malaysia constituted the largest markets for malt exported from Singapore worldwide, together comprising 86% of total exports. Hong Kong SAR and the Philippines lagged somewhat behind, together accounting for a further 13%.

What is the average export price for malt (not roasted) in Singapore?

In 2021, the average malt export price amounted to $665 per ton, shrinking by -28.9% against the previous year.

What is the average import price for malt (not roasted) in Singapore?

The average malt import price stood at $499 per ton in 2021, rising by 7.9% against the previous year.

This report provides an in-depth analysis of the malt market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11061030 - Malt, not roasted (excluding alcohol duty)

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023