Croatia: Inactive Yeast Market 2024

Inactive Yeast Market Size in Croatia

The Croatian inactive yeast market surged to $X in 2021, increasing by 27% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Inactive yeast consumption peaked at $X in 2013; afterwards, it flattened through to 2021.

Inactive Yeast Production in Croatia

In value terms, inactive yeast production declined markedly to $X in 2021 estimated in export price. Overall, production continues to indicate a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 837% against the previous year. Inactive yeast production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Inactive Yeast Exports

Exports from Croatia

In 2021, exports of inactive yeasts and other dead single-cell micro-organisms from Croatia surged to X tons, increasing by 230% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a precipitous slump. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, inactive yeast exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2020 with an increase of 177% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Slovenia (X tons) was the main destination for inactive yeast exports from Croatia, accounting for a 67% share of total exports. Moreover, inactive yeast exports to Slovenia exceeded the volume sent to the second major destination, Iran (X tons), fourfold. The third position in this ranking was held by Serbia (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia totaled +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (0.0% per year) and Serbia (-44.5% per year).

In value terms, the largest markets for inactive yeast exported from Croatia were Slovenia ($X), Bosnia and Herzegovina ($X) and Serbia ($X), together comprising 88% of total exports.

Among the main countries of destination, Slovenia, with a CAGR of +2.3%, 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 mixed trend patterns.

Export Prices by Country

The average inactive yeast export price stood at $X per ton in 2021, reducing by -64.9% against the previous year. Overall, the export price, however, posted a strong increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 167% against the previous year. The export price peaked at $X per ton in 2020, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Iran ($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 Serbia (+40.1%), while the prices for the other major destinations experienced mixed trend patterns.

Inactive Yeast Imports

Imports into Croatia

In 2021, overseas purchases of inactive yeasts and other dead single-cell micro-organisms were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a noticeable reduction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, inactive yeast imports soared to $X in 2021. Over the period under review, total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.8% 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 +62.3% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest inactive yeast supplier to Croatia, accounting for a 63% share of total imports. Moreover, inactive yeast imports from Italy exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), sixfold. Hungary (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+10.1% per year) and Hungary (+126.3% per year).

In value terms, the largest inactive yeast suppliers to Croatia were Italy ($X), Hungary ($X) and Belgium ($X), with a combined 66% share of total imports.

Hungary, with a CAGR of +107.4%, saw the highest growth rate of 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

In 2021, the average inactive yeast import price amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +6.0%. The pace of growth appeared the most rapid in 2013 an increase of 24%. The import price peaked in 2021 and is likely to see steady growth in the near future.

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 UK ($X per ton), while the price for Ukraine ($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 (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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