Indonesia: Inactive Yeast Market 2024

Inactive Yeast Market Size in Indonesia

After three years of growth, the Indonesian inactive yeast market decreased by -4.2% to $X in 2021. Overall, consumption saw a perceptible downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Inactive Yeast Production in Indonesia

In value terms, inactive yeast production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production saw a slight setback. The growth pace was the most rapid in 2019 when the production volume increased by 26%. Inactive yeast production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Inactive Yeast Exports

Exports from Indonesia

In 2021, overseas shipments of inactive yeasts and other dead single-cell micro-organisms increased by 63% to X tons, rising for the sixth consecutive year after three years of decline. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 3,065%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, inactive yeast exports surged to $X in 2021. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of 1,947% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Vietnam (X tons), Taiwan (Chinese) (X tons) and Bangladesh (X tons) were the main destinations of inactive yeast exports from Indonesia, with a combined 73% share of total exports. These countries were followed by South Korea, Australia and Japan, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +428.6%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Australia ($X) and Japan ($X) constituted the largest markets for inactive yeast exported from Indonesia worldwide, together accounting for 74% of total exports. These countries were followed by Taiwan (Chinese), South Korea and Bangladesh, which together accounted for a further 22%.

South Korea, with a CAGR of +458.1%, recorded the highest growth rate of 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, with a decrease of -20.4% against the previous year. Over the period under review, the export price faced a abrupt decrease. The growth pace was the most rapid in 2020 when the average export price increased by 200%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Bangladesh ($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 South Korea (+11.1%), while the prices for the other major destinations experienced a decline.

Inactive Yeast Imports

Imports into Indonesia

Inactive yeast imports into Indonesia rose to X tons in 2021, surging by 4.6% compared with the previous year's figure. In general, imports, however, showed a mild slump. The pace of growth appeared the most rapid in 2013 with an increase of 30% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, inactive yeast imports rose sharply to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 21%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Vietnam (X tons), Brazil (X tons) and Turkey (X tons) were the main suppliers of inactive yeast imports to Indonesia, together comprising 79% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +17.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X), Vietnam ($X) and China ($X) appeared to be the largest inactive yeast suppliers to Indonesia, together comprising 57% of total imports.

Turkey, with a CAGR of +25.8%, saw the highest rates of growth with regard to the value of imports, among 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, picking up by 7.9% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, inactive yeast import price increased by +112.1% against 2013 indices. The pace of growth was the most pronounced in 2014 an increase of 31%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Brazil ($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 (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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