Colombia: Malt Market 2024

Malt Market Size in Colombia

The Colombian malt market expanded to $X in 2022, picking up by X% against the previous year. In general, consumption, however, recorded a mild setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Malt Production in Colombia

In value terms, malt production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Malt production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Malt Exports

Exports from Colombia

In 2022, shipments abroad of malt (not roasted) decreased by X% to X tons, falling for the second year in a row after nine years of growth. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, malt exports reduced sharply to $X in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for malt exports from Colombia, with a X% share of total exports. Moreover, malt exports to Ecuador exceeded the volume sent to the second major destination, Panama (X tons), threefold. Guatemala (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Guatemala (X% per year).

In value terms, Ecuador ($X) emerged as the key foreign market for malt (not roasted) exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Panama ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ecuador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Peru (X% per year).

Export Prices by Country

The average malt export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Panama ($X per ton) and Saint Vincent and the Grenadines ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Malt Imports

Imports into Colombia

Malt imports into Colombia soared to X tons in 2022, jumping by X% on the previous year. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, malt imports skyrocketed to $X in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of malt imports to Colombia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest malt suppliers to Colombia were Germany ($X), France ($X) and Canada ($X), together accounting for X% of total imports. The Netherlands, Spain, Brazil and the UK lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average malt import price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained 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 Brazil ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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