Kuwait: Active Yeast Market 2024

Active Yeast Market Size in Kuwait

The Kuwaiti active yeast market stood at $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated a strong 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 decreased by X% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Active Yeast Production in Kuwait

In value terms, active yeast production rose slightly to $X in 2022 estimated in export price. In general, the total production indicated buoyant 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 decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Active Yeast Exports

Exports from Kuwait

In 2017, after two years of decline, there was decline in overseas shipments of bakers and active yeast, when their volume decreased by X% to X kg. Overall, exports saw a precipitous descent. The smallest decline of X% was in 2015. Over the period under review, the exports attained the maximum at X kg in 2014; however, from 2015 to 2017, the exports stood at a somewhat lower figure.

In value terms, active yeast exports totaled $X in 2017. In general, exports continue to indicate a sharp descent. The smallest decline of X% was in 2015. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2017, the exports remained at a lower figure.

Exports by Country

Spain (X kg) was the main destination for active yeast exports from Kuwait, with a approx. X% share of total exports.

From 2014 to 2017, the average annual growth rate of volume to Spain was relatively modest.

From 2014 to 2017, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

In 2017, the average active yeast export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price saw pronounced growth. The most prominent rate of growth was recorded in 2015 a decrease of X% against the previous year. The export price peaked in 2017 and is likely to see gradual growth in the immediate term.

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

From 2014 to 2017, the rate of growth in terms of prices for Bahrain amounted to X% per year.

Active Yeast Imports

Imports into Kuwait

In 2022, overseas purchases of bakers and active yeast decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, total imports indicated a resilient increase from 2012 to 2022: its volume 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, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, active yeast imports shrank to $X in 2022. Overall, total imports indicated a strong expansion 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, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Turkey (X tons), France (X tons) and Mexico (X tons) were the main suppliers of active yeast imports to Kuwait, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), France ($X) and Mexico ($X) constituted the largest active yeast suppliers to Kuwait, together accounting for X% of total imports.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average active yeast import price stood at $X per ton in 2022, flattening at the previous year. Overall, the import price showed a slight downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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