Southern Asia: Roasted Malt Market 2024

Roasted Malt Market Size in Southern Asia

The South Asian roasted malt market declined to $X in 2022, reducing by -2.7% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Roasted Malt Production in Southern Asia

In value terms, roasted malt production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of 14%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Roasted Malt Exports

Exports in Southern Asia

In 2022, overseas shipments of roasted malt decreased by -51% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 176% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, roasted malt exports shrank dramatically to $X in 2022. Overall, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 111%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India was the largest exporting country with an export of about X tons, which accounted for 82% of total exports. It was distantly followed by Nepal (X tons) and Sri Lanka (X tons), together constituting an 18% share of total exports.

Exports from India decreased at an average annual rate of -15.8% from 2012 to 2022. At the same time, Nepal (+59.4%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +59.4% from 2012-2022. By contrast, Sri Lanka (-15.5%) illustrated a downward trend over the same period. While the share of Nepal (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-9.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest roasted malt supplier in Southern Asia, comprising 92% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 4.8% share of total exports.

In India, roasted malt exports decreased by an average annual rate of -10.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (-17.3% per year) and Nepal (+43.5% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by 5.3% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, roasted malt export price increased by +73.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 50% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.5%), while the other leaders experienced a decline in the export price figures.

Roasted Malt Imports

Imports in Southern Asia

In 2022, overseas purchases of roasted malt were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, showed a slight setback. The most prominent rate of growth was recorded in 2018 when imports increased by 142%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, roasted malt imports skyrocketed to $X in 2022. In general, imports, however, saw a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of 130% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Nepal (X tons) and India (X tons) prevails in imports structure, together generating 82% of total imports. Sri Lanka (X tons) held the next position in the ranking, followed by Pakistan (X tons). All these countries together took near 17% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of +3.6%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest roasted malt importing markets in Southern Asia were Nepal ($X), India ($X) and Sri Lanka ($X), together comprising 87% of total imports.

Nepal, with a CAGR of +3.6%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, jumping by 17% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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