South-Eastern Asia: Malt Market 2024

Malt Exports

Exports in South-Eastern Asia

In 2022, after three years of growth, there was significant decline in overseas shipments of malt, when their volume decreased by -18.1% to X tons. In general, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2015 when exports increased by 407% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, malt exports dropped remarkably to $X in 2022. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 323% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam represented the largest exporting country with an export of around X tons, which resulted at 50% of total exports. Thailand (X tons) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by Lao People's Democratic Republic (14%) and Singapore (7.7%). Cambodia (X tons) took a little share of total exports.

Exports from Vietnam increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, Lao People's Democratic Republic (+85.9%), Thailand (+57.0%) and Cambodia (+14.1%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +85.9% from 2012-2022. By contrast, Singapore (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, Lao People's Democratic Republic and Cambodia increased by +22, +14 and +1.7 percentage points, respectively.

In value terms, Vietnam ($X) remains the largest malt supplier in South-Eastern Asia, comprising 51% of total exports. The second position in the ranking was taken by Thailand ($X), with a 20% share of total exports. It was followed by Lao People's Democratic Republic, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled +11.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+49.8% per year) and Lao People's Democratic Republic (+69.5% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, growing by 2.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 54%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Singapore ($X per ton) and Vietnam ($X per ton), while Thailand ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.1%), while the other leaders experienced mixed trends in the export price figures.

Malt Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of malt decreased by -1.3% to X tons, falling for the second year in a row after five years of growth. Total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.6% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by 21%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, malt imports amounted to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 5.5% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X tons) was the largest importer of malt, committing 44% of total imports. Thailand (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (14%), Cambodia (10%) and Singapore (6.4%). The following importers - Myanmar (X tons) and Malaysia (X tons) - together made up 6.4% of total imports.

From 2012 to 2022, average annual rates of growth with regard to malt imports into Vietnam stood at +5.5%. At the same time, Myanmar (+18.1%), Cambodia (+9.1%) and the Philippines (+5.1%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +18.1% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Malaysia (-1.8%) and Thailand (-2.6%) illustrated a downward trend over the same period. While the share of Vietnam (+8 p.p.), Cambodia (+4.1 p.p.), Myanmar (+2.7 p.p.) and the Philippines (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (-1.9 p.p.), Singapore (-2.1 p.p.) and Thailand (-12.1 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported malt in South-Eastern Asia, comprising 36% of total imports. The second position in the ranking was held by the Philippines ($X), with an 18% share of total imports. It was followed by Thailand, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam was relatively modest. In the other countries, the average annual rates were as follows: the Philippines (+7.0% per year) and Thailand (-4.7% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, increasing by 2.6% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 an increase of 8.5%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Vietnam ($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 Philippines (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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