Latin America and the Caribbean: Malt Market 2024

Malt Market Size in Latin America and the Caribbean

The Latin American malt market declined to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a mild reduction. The pace of growth was the most pronounced in 2021 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Malt Production in Latin America and the Caribbean

In value terms, malt production declined modestly to $X in 2022 estimated in export price. Overall, production saw a mild setback. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Malt Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of malt (not roasted) were exported in Latin America and the Caribbean; surging by X% against the previous year. In general, exports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, malt exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) and Uruguay (X tons) prevails in exports structure, together committing X% of total exports. Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest malt supplying countries in Latin America and the Caribbean were Argentina ($X), Uruguay ($X) and Colombia ($X), with a combined X% share of total exports.

Colombia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price recorded a slight expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Malt Imports

Imports in Latin America and the Caribbean

In 2022, the amount of malt (not roasted) imported in Latin America and the Caribbean reduced sharply to X tons, dropping by X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then fell significantly in the following year.

In value terms, malt imports reached $X in 2022. The total import value increased at an average annual rate of X% over the period 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 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Brazil represented the main importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Mexico (X tons), constituting a X% share of total imports. Venezuela (X tons), Guatemala (X tons), Chile (X tons), Peru (X tons), Colombia (X tons), the Dominican Republic (X tons), Paraguay (X tons) and Bolivia (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Colombia (X%), Guatemala (X%), Paraguay (X%), Chile (X%) and the Dominican Republic (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Bolivia experienced a relatively flat trend pattern. By contrast, Mexico (X%), Peru (X%) and Venezuela (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Colombia (X p.p.) and Guatemala (X p.p.) significantly strengthened its position in terms of the total imports, while Peru, Mexico and Venezuela saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported malt (not roasted) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Guatemala (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Colombia ($X per ton) and Guatemala ($X per ton), while the Dominican Republic ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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