Latin America and the Caribbean: Active Yeast Market 2024

Active Yeast Market Size in Latin America and the Caribbean

The Latin American active yeast market reached $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Active Yeast Production in Latin America and the Caribbean

In value terms, active yeast production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Active Yeast Exports

Exports in Latin America and the Caribbean

In 2022, the amount of bakers and active yeast exported in Latin America and the Caribbean surged to X tons, growing by X% compared with the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, active yeast exports soared to $X in 2022. Over the period under review, exports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Mexico (X tons), distantly followed by Argentina (X tons), Paraguay (X tons) and Colombia (X tons) were the key exporters of bakers and active yeast, together making up X% of total exports. The following exporters - Peru (X tons) and Guatemala (X tons) - each accounted for a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Colombia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Mexico ($X) remains the largest active yeast supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

In Mexico, active yeast exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price recorded a slight shrinkage. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the export price figures.

Active Yeast Imports

Imports in Latin America and the Caribbean

In 2022, active yeast imports in Latin America and the Caribbean rose to X tons, picking up by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, active yeast imports rose modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Brazil was the major importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Peru (X tons), Chile (X tons), Ecuador (X tons), Mexico (X tons) and Argentina (X tons), together achieving a X% share of total imports. Colombia (X tons), Uruguay (X tons), the Dominican Republic (X tons), Costa Rica (X tons), El Salvador (X tons), Guatemala (X tons) and Venezuela (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to active yeast imports into Brazil stood at X%. At the same time, Chile (X%), Ecuador (X%), Uruguay (X%), Peru (X%), the Dominican Republic (X%), Colombia (X%) and El Salvador (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Argentina and Guatemala experienced a relatively flat trend pattern. By contrast, Costa Rica (X%), Mexico (X%) and Venezuela (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Ecuador and Peru increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported bakers and active yeast in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Mexico, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Mexico (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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