Turkey: Roasted Malt Market 2024

Roasted Malt Market Size in Turkey

The Turkish roasted malt market rose sharply to $X in 2022, growing by 8.6% against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Roasted malt consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Roasted Malt Production in Turkey

In value terms, roasted malt production expanded to $X in 2022 estimated in export price. In general, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 39%. Roasted malt production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Roasted Malt Exports

Exports from Turkey

In 2022, approx. X tons of roasted malt were exported from Turkey; shrinking by -68.6% on the year before. Overall, exports, however, posted a slight expansion. The most prominent rate of growth was recorded in 2019 with an increase of 8,289% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, roasted malt exports plummeted to $X in 2022. In general, exports, however, showed a noticeable increase. The growth pace was the most rapid in 2019 when exports increased by 3,838% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Georgia (X tons) was the main destination for roasted malt exports from Turkey, with a 93% share of total exports. Moreover, roasted malt exports to Georgia exceeded the volume sent to the second major destination, Cyprus (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+9.7% per year) and Kenya (0.0% per year).

In value terms, Georgia ($X) remains the key foreign market for roasted malt exports from Turkey, comprising 90% of total exports. The second position in the ranking was taken by Kenya ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Georgia stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (0.0% per year) and Cyprus (+2.9% per year).

Export Prices by Country

The average roasted malt export price stood at $X per ton in 2022, surging by 47% against the previous year. In general, the export price showed a perceptible increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 172% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Georgia ($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 Georgia (+3.1%).

Roasted Malt Imports

Imports into Turkey

After three years of decline, purchases abroad of roasted malt increased by 568% to X tons in 2022. In general, imports continue to indicate a tangible increase. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, roasted malt imports surged to $X in 2022. Over the period under review, imports posted a noticeable expansion. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of roasted malt to Turkey, accounting for a 76% share of total imports. Moreover, roasted malt imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by Greece (X tons), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +145.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.8% per year) and Greece (+48.3% per year).

In value terms, France ($X) constituted the largest supplier of roasted malt to Turkey, comprising 80% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Greece, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +134.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.4% per year) and Greece (+50.2% per year).

Import Prices by Country

In 2022, the average roasted malt import price amounted to $X per ton, rising by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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