Singapore: Roasted Malt Market 2024

Roasted Malt Market Size in Singapore

The Singaporean roasted malt market declined slightly to $X in 2022, with a decrease of -3% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Roasted Malt Production in Singapore

In value terms, roasted malt production shrank slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 85% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Roasted Malt Exports

Exports from Singapore

In 2022, approx. X tons of roasted malt were exported from Singapore; reducing by -25.8% compared with the year before. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 192% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, roasted malt exports shrank to $X in 2022. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 161% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) and Indonesia (X tons) were the main destinations of roasted malt exports from Singapore.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +3.0%).

In value terms, the largest markets for roasted malt exported from Singapore were Malaysia ($X) and Indonesia ($X).

Malaysia, with a CAGR of -1.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average roasted malt export price amounted to $X per ton, increasing by 28% against the previous year. In general, the export price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 109%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+36.6%), while the prices for the other major destinations experienced a decline.

Roasted Malt Imports

Imports into Singapore

In 2022, after three years of growth, there was significant decline in supplies from abroad of roasted malt, when their volume decreased by -25% to X tons. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 156% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, roasted malt imports declined to $X in 2022. Overall, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 77%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Australia (X tons), France (X tons) and India (X tons) were the main suppliers of roasted malt imports to Singapore, with a combined 81% share of total imports. The UK, Germany, China and Malaysia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +372.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), India ($X) and France ($X) appeared to be the largest roasted malt suppliers to Singapore, with a combined 69% share of total imports. The UK, Germany, China and Malaysia lagged somewhat behind, together accounting for a further 27%.

China, with a CAGR of +360.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average roasted malt import price stood at $X per ton in 2022, growing by 20% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, roasted malt import price decreased by -17.5% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 38% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for France ($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 (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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