United Kingdom: Roasted Malt Market 2024

Roasted Malt Market Size in the UK

The UK roasted malt market rose remarkably to $X in 2022, growing by 9.6% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Roasted Malt Production in the UK

In value terms, roasted malt production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 20% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Roasted Malt Exports

Exports from the UK

In 2022, shipments abroad of roasted malt decreased by -10.7% to X tons, falling for the third year in a row after three years of growth. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 19% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, roasted malt exports dropped slightly to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 17% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for roasted malt exports from the UK, accounting for a 29% share of total exports. Moreover, roasted malt exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-4.7% per year) and the Netherlands (+0.9% per year).

In value terms, the United States ($X) remains the key foreign market for roasted malt exports from the UK, comprising 27% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+0.2% per year) and Japan (-3.2% per year).

Export Prices by Country

In 2022, the average roasted malt export price amounted to $X per ton, growing by 11% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 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 Mexico ($X per ton), while the average price for exports to Japan ($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 Mexico (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Roasted Malt Imports

Imports into the UK

In 2022, purchases abroad of roasted malt decreased by -24% to X tons, falling for the sixth year in a row after five years of growth. Overall, imports saw a deep reduction. The pace of growth appeared the most rapid in 2013 when imports increased by 147%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, roasted malt imports shrank sharply to $X in 2022. In general, imports saw a abrupt downturn. The growth pace was the most rapid in 2013 when imports increased by 127% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Poland (X tons) and Belgium (X tons) were the main suppliers of roasted malt imports to the UK, with a combined 99% 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 +107.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Poland ($X) and Belgium ($X) appeared to be the largest roasted malt suppliers to the UK, with a combined 98% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +67.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average roasted malt import price stood at $X per ton in 2022, flattening at the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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 Poland ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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