China: Inactive Yeast Market 2024

Inactive Yeast Market Size in China

In 2021, the Chinese inactive yeast market decreased by -3.9% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Inactive Yeast Production in China

In value terms, inactive yeast production contracted slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +19.0% against 2017 indices. The growth pace was the most rapid in 2016 with an increase of 37%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Inactive Yeast Exports

Exports from China

In 2021, approx. X tons of inactive yeasts and other dead single-cell micro-organisms were exported from China; increasing by 2.1% against the year before. Over the period under review, exports showed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 81%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, inactive yeast exports reached $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 61% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X tons), the United States (X tons) and Germany (X tons) were the main destinations of inactive yeast exports from China, together accounting for 50% of total exports. These countries were followed by Vietnam, the Netherlands, Japan, South Korea, Bangladesh, Russia, Italy, Taiwan (Chinese), Spain and the UK, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +84.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for inactive yeast exported from China were the United States ($X), Belgium ($X) and Germany ($X), together accounting for 42% of total exports. These countries were followed by the Netherlands, Japan, Vietnam, South Korea, Spain, Russia, the UK, Taiwan (Chinese), Italy and Bangladesh, which together accounted for a further 37%.

Spain, with a CAGR of +81.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, growing by 4.1% against the previous year. Overall, the export price posted prominent growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 57%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Bangladesh ($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 Vietnam (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into China

In 2021, purchases abroad of inactive yeasts and other dead single-cell micro-organisms was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate notable growth. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, inactive yeast imports soared to $X in 2021. Over the period under review, imports enjoyed strong growth. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest inactive yeast supplier to China, accounting for a 52% share of total imports. Moreover, inactive yeast imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+33.4% per year) and Taiwan (Chinese) (-1.5% per year).

In value terms, the largest inactive yeast suppliers to China were the UK ($X), the United States ($X) and Malaysia ($X), with a combined 80% share of total imports. Taiwan (Chinese), France, Italy and Brazil lagged somewhat behind, together accounting for a further 11%.

Italy, with a CAGR of +38.0%, recorded the highest rates of growth with regard to 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

The average inactive yeast import price stood at $X per ton in 2021, dropping by -5.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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 the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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