Spain: Roasted Malt Market 2024

Roasted Malt Market Size in Spain

The Spanish roasted malt market rose markedly to $X in 2022, increasing by 5% against the previous year. Over the period under review, consumption, however, saw a slight decrease. Roasted malt consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Roasted Malt Production in Spain

In value terms, roasted malt production expanded notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 with an increase of 61% against the previous year. Roasted malt production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Roasted Malt Exports

Exports from Spain

In 2022, overseas shipments of roasted malt decreased by -20.3% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 84% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, roasted malt exports reduced rapidly to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 55%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank notably in the following year.

Exports by Country

Portugal (X tons) was the main destination for roasted malt exports from Spain, accounting for a 70% share of total exports. Moreover, roasted malt exports to Portugal exceeded the volume sent to the second major destination, Morocco (X tons), threefold. The third position in this ranking was held by France (X tons), with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal totaled +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+42.6% per year) and France (+114.7% per year).

In value terms, Portugal ($X) remains the key foreign market for roasted malt exports from Spain, comprising 70% of total exports. The second position in the ranking was held by Morocco ($X), with a 22% share of total exports. It was followed by France, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value to Portugal amounted to +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+41.9% per year) and France (+119.1% per year).

Export Prices by Country

In 2022, the average roasted malt export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Morocco ($X per ton) and Portugal ($X per ton), while the average price for exports to France ($X per ton) and Cabo Verde ($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 France (+2.0%), while the prices for the other major destinations experienced a decline.

Roasted Malt Imports

Imports into Spain

In 2022, after ten years of growth, there was significant decline in supplies from abroad of roasted malt, when their volume decreased by -5.1% to X tons. In general, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 41%. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, roasted malt imports stood at $X in 2022. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of roasted malt imports to Spain, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +35.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) constituted the largest roasted malt suppliers to Spain, with a combined 95% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +32.2%, recorded the highest growth rate of 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

The average roasted malt import price stood at $X per ton in 2022, rising by 15% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 15%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Germany ($X per ton), while the price for Belgium ($X per ton) and the UK ($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 (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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