Luxembourg: Inactive Yeast Market 2024

Inactive Yeast Market Size in Luxembourg

In 2021, the Luxembourg inactive yeast market decreased by -3.5% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Inactive Yeast Production in Luxembourg

In value terms, inactive yeast production rose significantly to $X in 2021 estimated in export price. In general, production showed a slight slump. The most prominent rate of growth was recorded in 2019 with an increase of 139%. Inactive yeast production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Inactive Yeast Exports

Exports from Luxembourg

In 2021, exports of inactive yeasts and other dead single-cell micro-organisms from Luxembourg rose rapidly to X tons, with an increase of 14% on the previous year. In general, exports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 57%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, inactive yeast exports declined to $X in 2021. Over the period under review, exports enjoyed a modest expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 217%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons), Austria (X tons) and Germany (X tons) were the main destinations of inactive yeast exports from Luxembourg, with a combined 77% share of total exports. Spain, Belgium, Switzerland and Italy lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +17.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X) remains the key foreign market for inactive yeasts and other dead single-cell micro-organisms exports from Luxembourg, comprising 53% of total exports. The second position in the ranking was taken by Austria ($X), with an 18% share of total exports. It was followed by Spain, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-4.3% per year) and Spain (-5.8% per year).

Export Prices by Country

The average inactive yeast export price stood at $X per ton in 2021, which is down by -24% against the previous year. In general, the export price, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2019 an increase of 102% against the previous year. The export price peaked at $X per ton in 2020, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into Luxembourg

In 2021, purchases abroad of inactive yeasts and other dead single-cell micro-organisms decreased by -16.6% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by 160% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, inactive yeast imports fell dramatically to $X in 2021. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 113% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of inactive yeast imports to Luxembourg, together comprising 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +28.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest inactive yeast suppliers to Luxembourg, with a combined 97% share of total imports.

The Netherlands, with a CAGR of +26.8%, 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 more modest paces of growth.

Import Prices by Country

The average inactive yeast import price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, inactive yeast import price increased by +15.2% against 2017 indices. The pace of growth appeared the most rapid in 2017 an increase of 45%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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