Slovakia: Malt Market 2024

Malt Market Size in Slovakia

In 2021, after three years of growth, there was significant decline in the Slovak malt market, when its value decreased by -80.9% to $X. In general, consumption faced a abrupt descent. Malt consumption peaked at $X in 2020, and then reduced dramatically in the following year.

Malt Production in Slovakia

In value terms, malt production expanded modestly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 12% against the previous year. Over the period under review, production attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Malt Exports

Exports from Slovakia

Malt exports from Slovakia rose notably to X tons in 2021, increasing by 9.9% on the previous year. The total export volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when exports increased by 16%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, malt exports soared to $X in 2021. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for malt exports from Slovakia, with a 60% share of total exports. Moreover, malt exports to Poland exceeded the volume sent to the second major destination, Hungary (X tons), sixfold. The third position in this ranking was taken by Slovenia (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+6.6% per year) and Slovenia (+18.2% per year).

In value terms, Poland ($X) remains the key foreign market for malt (not roasted) exports from Slovakia, comprising 62% of total exports. The second position in the ranking was taken by Hungary ($X), with a 9.9% share of total exports. It was followed by Slovenia, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to Poland stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+4.8% per year) and Slovenia (+15.4% per year).

Export Prices by Country

In 2021, the average malt export price amounted to $X per ton, increasing by 5.2% against the previous year. Over the period under review, the export price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 8.5%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and Poland ($X per ton), while the average price for exports to Hungary ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-0.1%), while the prices for the other major destinations experienced a decline.

Malt Imports

Imports into Slovakia

In 2021, overseas purchases of malt (not roasted) were finally on the rise to reach X tons after three years of decline. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 250%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, malt imports skyrocketed to $X in 2021. Over the period under review, imports showed a temperate increase. The most prominent rate of growth was recorded in 2017 when imports increased by 210%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest malt supplier to Slovakia, with a 60% share of total imports. Moreover, malt imports from Ukraine exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine amounted to -16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-16.8% per year) and Germany (+108.2% per year).

In value terms, the Czech Republic ($X), Ukraine ($X) and Germany ($X) appeared to be the largest malt suppliers to Slovakia, with a combined 93% share of total imports.

Among the main suppliers, Germany, with a CAGR of +104.0%, recorded the highest rates of growth with regard to 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, with an increase of 25% against the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, malt import price increased by +59.5% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Czech Republic ($X per ton), while the price for Ukraine ($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 Czech Republic (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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