Updated Nov 30, 2022 02:15

Malt Market in China

Market Overview
In , the Chinese malt market increased by % to $, rising for the fifth consecutive year after four years of decline. The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs in and is expected to retain growth in years to come.

In value terms, malt production soared to $ in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2008 with an increase of %. Over the period under review, production hit record highs in and is expected to retain growth in the immediate term.


Consumption
After six years of growth, consumption of malt decreased by -% to tons in . The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the consumption volume increased by % against the previous year. Over the period under review, consumption reached the maximum volume at tons in , and then declined modestly in the following year.

The revenue of the malt market in China surged to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Malt consumption peaked in and is expected to retain growth in the near future.


Market Forecast
Driven by increasing demand for malt in China, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of malt in China were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for malt. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately (less than percentage point) over the period under review.


Trade Balance
China remains a net exporter of malt; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.