Australia: Inactive Yeast Market 2024

Inactive Yeast Market Size in Australia

In 2021, the Australian inactive yeast market decreased by -5.8% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption showed a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Inactive Yeast Production in Australia

In value terms, inactive yeast production shrank to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 77%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Inactive Yeast Exports

Exports from Australia

In 2021, shipments abroad of inactive yeasts and other dead single-cell micro-organisms increased by 29% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2014 when exports increased by 97% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, inactive yeast exports skyrocketed to $X in 2021. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 89% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for inactive yeast exports from Australia, accounting for a 63% share of total exports. Moreover, inactive yeast exports to New Zealand exceeded the volume sent to the second major destination, Thailand (X tons), sixfold. Japan (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand amounted to +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+69.2% per year) and Japan (+35.7% per year).

In value terms, New Zealand ($X) remains the key foreign market for inactive yeasts and other dead single-cell micro-organisms exports from Australia, comprising 60% of total exports. The second position in the ranking was taken by Japan ($X), with a 19% share of total exports. It was followed by Thailand, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand amounted to +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+21.1% per year) and Thailand (+57.8% per year).

Export Prices by Country

The average inactive yeast export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 5.3%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Samoa ($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 New Zealand (-0.8%), while the prices for the other major destinations experienced a decline.

Inactive Yeast Imports

Imports into Australia

For the fifth year in a row, Australia recorded growth in purchases abroad of inactive yeasts and other dead single-cell micro-organisms, which increased by 6.3% to X tons in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +102.7% against 2016 indices. The pace of growth was the most pronounced in 2018 when imports increased by 28% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, inactive yeast imports reached $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +92.0% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 31% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Brazil (X tons), the United States (X tons) and China (X tons) were the main suppliers of inactive yeast imports to Australia, together comprising 79% of total imports. Estonia, the Netherlands, France, Lithuania, the UK and New Zealand lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +91.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the United States ($X) and China ($X) were the largest inactive yeast suppliers to Australia, with a combined 60% share of total imports. Estonia, France, the Netherlands, the UK, Lithuania and New Zealand lagged somewhat behind, together accounting for a further 27%.

Among the main suppliers, the Netherlands, with a CAGR of +76.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average inactive yeast import price amounted to $X per ton, approximately reflecting the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2014 when the average import price increased by 30%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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