Colombia: Inactive Yeast Market 2024

Inactive Yeast Market Size in Colombia

The Colombian inactive yeast market expanded markedly to $X in 2021, surging by 6% against the previous year. Overall, consumption showed a abrupt descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Inactive Yeast Production in Colombia

In value terms, inactive yeast production expanded to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 16%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Inactive Yeast Exports

Exports from Colombia

In 2021, overseas shipments of inactive yeasts and other dead single-cell micro-organisms were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2018 when exports increased by 80% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, inactive yeast exports dropped to $X in 2021. Overall, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 43% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Italy (X tons) and the Dominican Republic (X kg) were the main destinations of inactive yeast exports from Colombia, together comprising 54% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +10.0%), while the other leaders experienced a decline.

In value terms, the United States ($X) emerged as the key foreign market for inactive yeasts and other dead single-cell micro-organisms exports from Colombia, comprising 73% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-31.9% per year) and the Dominican Republic (-31.1% per year).

Export Prices by Country

The average inactive yeast export price stood at $X per ton in 2021, reducing by -20.9% against the previous year. Overall, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 26%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

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 the United States ($X per ton), while the average price for exports to Italy ($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 (-3.0%), while the prices for the other major destinations experienced a decline.

Inactive Yeast Imports

Imports into Colombia

In 2021, purchases abroad of inactive yeasts and other dead single-cell micro-organisms increased by 69% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 73% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, inactive yeast imports surged to $X in 2021. In general, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest inactive yeast supplier to Colombia, accounting for a 36% share of total imports. Moreover, inactive yeast imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by France (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+96.9% per year) and France (+71.9% per year).

In value terms, Brazil ($X), the United States ($X) and France ($X) were the largest inactive yeast suppliers to Colombia, with a combined 55% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +79.4%, saw the highest growth rate of 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

The average inactive yeast import price stood at $X per ton in 2021, with an increase of 42% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level 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 the Netherlands ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :