Lithuania: Active Yeast Market 2024

Active Yeast Market Size in Lithuania

In 2022, the Lithuanian active yeast market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Active Yeast Production in Lithuania

In value terms, active yeast production shrank modestly to $X in 2022 estimated in export price. In general, production recorded a slight shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Active Yeast Exports

Exports from Lithuania

In 2022, after two years of decline, there was significant growth in overseas shipments of bakers and active yeast, when their volume increased by X% to X tons. In general, exports enjoyed a resilient expansion. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, active yeast exports surged to $X in 2022. Over the period under review, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons), Latvia (X tons) and Russia (X tons) were the main destinations of active yeast exports from Lithuania, together accounting for X% of total exports. Romania, Slovakia, the Czech Republic and Bulgaria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Russia ($X) and Romania ($X) were the largest markets for active yeast exported from Lithuania worldwide, with a combined X% share of total exports. Slovakia, Latvia, the Czech Republic and Bulgaria lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, saw 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 active yeast export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Latvia ($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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Active Yeast Imports

Imports into Lithuania

After three years of decline, purchases abroad of bakers and active yeast increased by X% to X tons in 2022. Over the period under review, imports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, active yeast imports soared to $X in 2022. Overall, total imports indicated a temperate 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of active yeast to Lithuania, with a X% share of total imports. Moreover, active yeast imports from Poland exceeded the figures recorded by the second-largest supplier, Belarus (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a X% share.

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

In value terms, the largest active yeast suppliers to Lithuania were Belarus ($X), Poland ($X) and Denmark ($X), together comprising X% of total imports.

Belarus, with a CAGR of X.5%, saw the highest growth rate of 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 2022, the average active yeast import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated a buoyant 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform