Bulgaria: Inactive Yeast Market 2024

Inactive Yeast Market Size in Bulgaria

After three years of growth, the Bulgarian inactive yeast market decreased by -0.8% to $X in 2021. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Inactive Yeast Production in Bulgaria

In value terms, inactive yeast production shrank to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 50% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Inactive Yeast Exports

Exports from Bulgaria

In 2021, shipments abroad of inactive yeasts and other dead single-cell micro-organisms increased by 94% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 628%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, inactive yeast exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 345%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Georgia (X tons) was the main destination for inactive yeast exports from Bulgaria, accounting for a 36% share of total exports. Moreover, inactive yeast exports to Georgia exceeded the volume sent to the second major destination, Slovenia (X tons), fourfold. The third position in this ranking was taken by Romania (X tons), with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume to Georgia totaled +134.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+401.4% per year) and Romania (+20.6% per year).

In value terms, Georgia ($X), the United States ($X) and India ($X) were the largest markets for inactive yeast exported from Bulgaria worldwide, together accounting for 38% of total exports.

Among the main countries of destination, the United States, with a CAGR of +22,665.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average inactive yeast export price stood at $X per ton in 2021, picking up by 31% against the previous year. Over the period under review, the export price, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 165% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Greece ($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 the United States (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into Bulgaria

Inactive yeast imports into Bulgaria expanded notably to X tons in 2021, surging by 6.6% compared with 2020 figures. Over the period under review, imports posted a resilient increase. The growth pace was the most rapid in 2014 with an increase of 99% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, inactive yeast imports soared to $X in 2021. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The Netherlands (X tons), France (X tons) and Belgium (X tons) were the main suppliers of inactive yeast imports to Bulgaria, together accounting for 58% of total imports. These countries were followed by Spain, Italy, Germany, the UK and Taiwan (Chinese), which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +152.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of inactive yeasts and other dead single-cell micro-organisms to Bulgaria, comprising 33% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) amounted to +88.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.8% per year) and Italy (+81.6% per year).

Import Prices by Country

In 2021, the average inactive yeast import price amounted to $X per ton, rising by 11% against the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, inactive yeast import price increased by +67.5% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 72% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Spain ($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 Czech Republic (+62.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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