Costa Rica: Active Yeast Market 2024

Active Yeast Market Size in Costa Rica

The Costa Rican active yeast market dropped slightly to $X in 2022, which is down by X% against the previous year. In general, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Active Yeast Production in Costa Rica

In value terms, active yeast production declined slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Active Yeast Exports

Exports from Costa Rica

In 2022, after three years of decline, there was significant growth in overseas shipments of bakers and active yeast, when their volume increased by X% to X tons. Over the period under review, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, active yeast exports rose remarkably to $X in 2022. Overall, exports, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X tons) was the main destination for active yeast exports from Costa Rica, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Panama totaled X%.

In value terms, Panama ($X) also remains the key foreign market for bakers and active yeast exports from Costa Rica.

From 2012 to 2022, the average annual growth rate of value to Panama amounted to X%.

Export Prices by Country

The average active yeast export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, active yeast export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2012 to 2022, the rate of growth in terms of prices for El Salvador amounted to X% per year.

Active Yeast Imports

Imports into Costa Rica

After three years of decline, overseas purchases of bakers and active yeast increased by X% to X tons in 2022. Over the period under review, imports, however, continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, active yeast imports declined slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, Mexico (X tons) constituted the largest active yeast supplier to Costa Rica, accounting for a X% share of total imports. Moreover, active yeast imports from Mexico exceeded the figures recorded by the second-largest supplier, Guatemala (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (X% per year) and Turkey (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of bakers and active yeast to Costa Rica, comprising X% of total imports. The second position in the ranking was held by Guatemala ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (X% per year) and Turkey (X% per year).

Import Prices by Country

The average active yeast import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform