U.S.: Malt Market 2022

Malt Market Size in the U.S.

After four years of growth, the U.S. malt market decreased by -0.4% to $X in 2021. Overall, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 5.3%. Malt consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Malt Production in the U.S.

In value terms, malt production fell to $X in 2021. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 4.6%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Malt Exports

Exports from the U.S.

In 2021, after two years of growth, there was significant decline in shipments abroad of malt, when their volume decreased by -8.4% to X tons. Over the period under review, exports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2017 when exports increased by 23% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, malt exports amounted to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 25% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for malt exports from the United States, with a 95% share of total exports. Moreover, malt exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Mexico amounted to +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-18.5% per year) and Japan (-17.1% per year).

In value terms, Mexico ($X) remains the key foreign market for malt exports from the United States, comprising 94% of total exports. The second position in the ranking was held by Canada ($X), with a 4.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Mexico stood at +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-18.1% per year) and Japan (-18.6% per year).

Export Prices by Country

In 2021, the average malt export price amounted to $X per ton, picking up by 10% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.5%), while the prices for the other major destinations experienced a decline.

Malt Imports

Imports into the U.S.

In 2021, supplies from abroad of malt decreased by -6.6% to X tons for the first time since 2015, thus ending a five-year rising trend. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; 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 28% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then fell in the following year.

In value terms, malt imports dropped to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 23%. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of malt to the United States, with a 71% share of total imports. Moreover, malt imports from Canada exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.5% per year) and the UK (+2.6% per year).

In value terms, Canada ($X) constituted the largest supplier of malt to the United States, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.6% per year) and the UK (-0.0% per year).

Import Prices by Country

In 2021, the average malt import price amounted to $X per ton, shrinking by -5.7% against the previous year. In general, the import price saw a slight slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 2.1% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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