In 2023, Italy led European sold production of malt extract, valued at €44.13 million, followed by Denmark at €31.23 million and Germany at €26.812 million. Finland produced €9.0848 million, while Estonia and Lithuania contributed marginally with €0.12396 million and €0.03593 million, respectively. Year-on-year, Denmark showed the highest growth with 14.56%, Italy followed at 12.01%, while Finland and Estonia experienced declines of 3.17% and 0.61%. Lithuania's growth remained flat. The compound annual growth rate over the past five years suggests a steady increment in Italian and Danish markets, while other countries demonstrate mixed trends.
Future trends to watch include the potential for increased demand in premium malt extract products and innovations in production technologies, which may drive growth in key markets like Italy and Denmark. Economic fluctuations and trade policies will impact smaller markets, potentially influencing their growth trajectories over the coming years.
Top countries in Sold Production of Malt Extract by Country
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 44,130,000 | 2023 | +4.93% | +12.01% | View data |
| 2 | 2 Denmark | 31,230,000 | 2023 | +3.23% | +14.56% | View data |
| 3 | 3 Germany | 26,812,000 | 2021 | +8.29% | +9.11% | View data |
| 4 | 4 Finland | 9,084,800 | 2023 | -3.06% | -3.17% | View data |
| 5 | 5 Estonia | 123,960 | 2023 | +19.39% | -0.61% | View data |
| 6 | 6 Lithuania | 35,930 | 2023 | +7.47% | View data |
