Israel: Inactive Yeast Market 2024

Inactive Yeast Market Size in Israel

After four years of growth, the Israeli inactive yeast market decreased by -17.7% to $X in 2021. Over the period under review, consumption recorded a pronounced downturn. Inactive yeast consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Inactive Yeast Production in Israel

In value terms, inactive yeast production reduced markedly to $X in 2021 estimated in export price. In general, production recorded a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 57% against the previous year. Inactive yeast production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Inactive Yeast Exports

Exports from Israel

In 2021, after two years of growth, there was significant decline in shipments abroad of inactive yeasts and other dead single-cell micro-organisms, when their volume decreased by -44.7% to X tons. Over the period under review, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 4,251% against the previous year. The exports peaked at X tons in 2020, and then declined notably in the following year.

In value terms, inactive yeast exports shrank notably to $X in 2021. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 when exports increased by 4,500%. The exports peaked at $X in 2020, and then declined remarkably in the following year.

Exports by Country

The United States (X tons) was the main destination for inactive yeast exports from Israel, accounting for a 47% share of total exports. Moreover, inactive yeast exports to the United States exceeded the volume sent to the second major destination, France (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+28.3% per year) and Italy (-6.1% per year).

In value terms, the United States ($X) remains the key foreign market for inactive yeasts and other dead single-cell micro-organisms exports from Israel, comprising 47% of total exports. The second position in the ranking was taken by France ($X), with a 17% share of total exports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+29.2% per year) and Italy (0.0% per year).

Export Prices by Country

The average inactive yeast export price stood at $X per ton in 2021, picking up by 12% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 15%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were South Africa ($X per ton) and Japan ($X per ton), while the average price for exports to the United States ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into Israel

In 2021, imports of inactive yeasts and other dead single-cell micro-organisms into Israel fell notably to X tons, waning by -15% against 2020 figures. In general, imports, however, showed a noticeable expansion. The pace of growth was the most pronounced in 2019 with an increase of 67% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, inactive yeast imports fell to $X in 2021. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 85% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X tons), France (X tons) and the United States (X tons) were the main suppliers of inactive yeast imports to Israel, together comprising 59% of total imports. These countries were followed by China, Estonia, Italy, Denmark and Germany, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +182.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), France ($X) and the United States ($X) were the largest inactive yeast suppliers to Israel, with a combined 59% share of total imports. China, Estonia, Italy, Denmark and Germany lagged somewhat behind, together comprising a further 26%.

Among the main suppliers, Estonia, with a CAGR of +187.7%, saw the highest rates of growth with regard to 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, growing by 6.1% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, inactive yeast import price increased by +50.1% against 2015 indices. The growth pace was the most rapid in 2017 when the average import price increased by 31% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the United States ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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