South Africa: Roasted Malt Market 2024

Roasted Malt Market Size in South Africa

In 2022, the South African roasted malt market increased by 109% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate a resilient expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Roasted Malt Production in South Africa

In value terms, roasted malt production totaled less than $X in 2022 estimated in export price. Overall, production showed a sharp contraction. The pace of growth was the most pronounced in 2013 with a decrease of -78.7%. Roasted malt production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Roasted Malt Exports

Exports from South Africa

In 2022, overseas shipments of roasted malt were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 329% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, roasted malt exports soared to $X in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 310%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Botswana (X tons), Mozambique (X tons) and Lesotho (X tons) were the main destinations of roasted malt exports from South Africa, together comprising 74% of total exports. Swaziland, Namibia and Zambia lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Swaziland (with a CAGR of +166.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X), Botswana ($X) and Lesotho ($X) appeared to be the largest markets for roasted malt exported from South Africa worldwide, with a combined 74% share of total exports. Swaziland, Namibia and Zambia lagged somewhat behind, together accounting for a further 26%.

Swaziland, with a CAGR of +140.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average roasted malt export price amounted to $X per ton, remaining stable against the previous year. In general, the export price recorded a mild decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mozambique ($X per ton) and Zambia ($X per ton), while the average price for exports to Lesotho ($X per ton) and Botswana ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+4.8%), while the prices for the other major destinations experienced a decline.

Roasted Malt Imports

Imports into South Africa

Roasted malt imports into South Africa surged to X tons in 2022, rising by 37% compared with the previous year. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 75%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, roasted malt imports skyrocketed to $X in 2022. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 109% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of roasted malt to South Africa, accounting for a 48% share of total imports. Moreover, roasted malt imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+44.5% per year) and the Netherlands (+20.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of roasted malt to South Africa, comprising 47% of total imports. The second position in the ranking was taken by France ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+46.7% per year) and the Netherlands (+21.9% per year).

Import Prices by Country

In 2022, the average roasted malt import price amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2021 an increase of 19%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Poland ($X per ton), while the price for Uruguay ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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