Latvia: Active Yeast Market 2024

Active Yeast Market Size in Latvia

The Latvian active yeast market rose markedly to $X in 2022, growing by X% against the previous year. In general, consumption, however, saw a perceptible shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Active Yeast Production in Latvia

In value terms, active yeast production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. Active yeast production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Active Yeast Exports

Exports from Latvia

In 2022, overseas shipments of bakers and active yeast decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, active yeast exports fell rapidly to $X in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

Estonia (X tons) was the main destination for active yeast exports from Latvia, with a X% share of total exports. Moreover, active yeast exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Estonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Russia (X% per year).

In value terms, Estonia ($X) emerged as the key foreign market for bakers and active yeast exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by Lithuania ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Russia (X% per year).

Export Prices by Country

The average active yeast export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Active Yeast Imports

Imports into Latvia

Active yeast imports into Latvia declined to X tons in 2022, shrinking by X% compared with the year before. In general, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, active yeast imports rose to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of active yeast to Latvia, accounting for a X% share of total imports. Moreover, active yeast imports from Poland exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), fivefold. Estonia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Estonia (X% per year).

In value terms, Poland ($X) constituted the largest supplier of bakers and active yeast to Latvia, comprising X% of total imports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Sweden (X% per year).

Import Prices by Country

In 2022, the average active yeast import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price 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, active yeast import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform