Slovenia: Roasted Malt Market 2024

Roasted Malt Market Size in Slovenia

The Slovene roasted malt market dropped to $X in 2022, declining by -5.4% against the previous year. Overall, consumption continues to indicate a mild downturn. Roasted malt consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Roasted Malt Production in Slovenia

In value terms, roasted malt production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 47%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Roasted Malt Exports

Exports from Slovenia

After seven years of growth, overseas shipments of roasted malt decreased by -1.5% to X tons in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 90% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted slightly in the following year.

In value terms, roasted malt exports totaled $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2016 with an increase of 92%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Montenegro (X tons), Serbia (X tons) and Croatia (X tons) were the main destinations of roasted malt exports from Slovenia, with a combined 61% share of total exports. Slovakia, Bosnia and Herzegovina, Hungary, Jordan and Italy lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +254.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for roasted malt exported from Slovenia were Serbia ($X), Montenegro ($X) and Croatia ($X), with a combined 61% share of total exports. Slovakia, Bosnia and Herzegovina, Hungary, Jordan and Italy lagged somewhat behind, together accounting for a further 30%.

In terms of the main countries of destination, Hungary, with a CAGR of +221.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average roasted malt export price stood at $X per ton in 2022, increasing by 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2014 an increase of 21% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Roasted Malt Imports

Imports into Slovenia

In 2022, after two years of growth, there was significant decline in purchases abroad of roasted malt, when their volume decreased by -14.5% to X tons. In general, imports recorded a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 55%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, roasted malt imports contracted to $X in 2022. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of roasted malt to Slovenia, accounting for a 43% share of total imports. Moreover, roasted malt imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic stood at -14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+8.6% per year) and the UK (+31.9% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of roasted malt to Slovenia, comprising 34% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Belgium, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic stood at -14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+34.3% per year) and Belgium (+9.4% per year).

Import Prices by Country

In 2022, the average roasted malt import price amounted to $X per ton, approximately reflecting the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 -10.4% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 82%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform