U.S.: Roasted Malt Market 2024

Roasted Malt Market Size in the U.S.

The U.S. roasted malt market fell to $X in 2022, which is down by -1.8% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.1% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Roasted Malt Production in the U.S.

In value terms, roasted malt production reduced modestly to $X in 2022. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.3% against 2019 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Roasted Malt Exports

Exports from the U.S.

After four years of decline, overseas shipments of roasted malt increased by 3.7% to X tons in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2013 with an increase of 111%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, roasted malt exports expanded remarkably to $X in 2022. In general, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2013 with an increase of 92% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for roasted malt exports from the United States, accounting for a 70% share of total exports. Moreover, roasted malt exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. Colombia (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-10.3% per year) and Colombia (+19.7% per year).

In value terms, Canada ($X) remains the key foreign market for roasted malt exports from the United States, comprising 69% of total exports. The second position in the ranking was taken by Mexico ($X), with an 18% share of total exports. It was followed by Colombia, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to -9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-9.3% per year) and Colombia (+21.3% per year).

Export Prices by Country

In 2022, the average roasted malt export price amounted to $X per ton, picking up by 3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to South Korea ($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 Canada (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Roasted Malt Imports

Imports into the U.S.

In 2022, imports of roasted malt into the United States declined to X tons, shrinking by -5.1% against the previous year's figure. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 24% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, roasted malt imports shrank slightly to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of roasted malt imports to the United States, together comprising 85% of total imports. Denmark, the Netherlands, Canada and France lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +296.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest roasted malt suppliers to the United States were the UK ($X), Germany ($X) and Belgium ($X), together comprising 86% of total imports. The Netherlands, Canada, Denmark and France lagged somewhat behind, together accounting for a further 13%.

Denmark, with a CAGR of +199.4%, saw the highest growth rate of the value of imports, among the main suppliers 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, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 an increase of 6.3%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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