Denmark: Inactive Yeast Market 2024

Inactive Yeast Market Size in Denmark

The Danish inactive yeast market contracted significantly to $X in 2021, dropping by -96.5% against the previous year. In general, consumption showed a sharp reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Inactive Yeast Production in Denmark

In value terms, inactive yeast production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Inactive Yeast Exports

Exports from Denmark

For the eighth consecutive year, Denmark recorded growth in shipments abroad of inactive yeasts and other dead single-cell micro-organisms, which increased by 17% to X tons in 2021. Overall, exports saw strong growth. The growth pace was the most rapid in 2014 when exports increased by 47%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, inactive yeast exports skyrocketed to $X in 2021. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 45% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Belgium (X tons), Estonia (X tons) and Spain (X tons) were the main destinations of inactive yeast exports from Denmark, with a combined 55% share 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 Belgium (with a CAGR of +189.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for inactive yeast exported from Denmark were Spain ($X), the Netherlands ($X) and Italy ($X), together comprising 43% of total exports. Belgium, Estonia, Germany, the United States, France, the UK, Latvia, Sweden and Norway lagged somewhat behind, together accounting for a further 37%.

Belgium, with a CAGR of +126.5%, saw 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

In 2021, the average inactive yeast export price amounted to $X per ton, increasing by 14% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average export price increased by 29%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sweden ($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 Estonia (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into Denmark

In 2021, the amount of inactive yeasts and other dead single-cell micro-organisms imported into Denmark expanded markedly to X tons, increasing by 10% compared with 2020 figures. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 41% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, inactive yeast imports rose markedly to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +54.9% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 31% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Estonia (X tons), Germany (X tons) and France (X tons) were the main suppliers of inactive yeast imports to Denmark, with a combined 74% share of total imports. These countries were followed by Finland, Russia, Ireland and Belgium, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +375.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) constituted the largest supplier of inactive yeasts and other dead single-cell micro-organisms to Denmark, comprising 38% of total imports. The second position in the ranking was held by France ($X), with an 18% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Estonia amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.1% per year) and Germany (+14.5% per year).

Import Prices by Country

In 2021, the average inactive yeast import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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 France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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