Malaysia: Inactive Yeast Market 2024

Inactive Yeast Market Size in Malaysia

In 2021, the Malaysian inactive yeast market increased by 1.6% to $X, rising for the fourth year in a row after three years of decline. Overall, consumption, however, recorded a pronounced slump. Inactive yeast consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Inactive Yeast Production in Malaysia

In value terms, inactive yeast production dropped slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Inactive yeast production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Inactive Yeast Exports

Exports from Malaysia

In 2021, the amount of inactive yeasts and other dead single-cell micro-organisms exported from Malaysia soared to X tons, surging by 20% against the year before. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 699%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, inactive yeast exports soared to $X in 2021. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 1,114%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons), South Korea (X tons) and Japan (X tons) were the main destinations of inactive yeast exports from Malaysia, together comprising 93% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +71.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for inactive yeast exported from Malaysia were South Korea ($X), Australia ($X) and Singapore ($X), together accounting for 80% of total exports. These countries were followed by Japan, China and Bangladesh, which together accounted for a further 17%.

Japan, with a CAGR of +74.6%, recorded the highest rates of growth with regard to 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

In 2021, the average inactive yeast export price amounted to $X per ton, jumping by 20% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2013 an increase of 52% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Australia ($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 China (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into Malaysia

For the third year in a row, Malaysia recorded growth in overseas purchases of inactive yeasts and other dead single-cell micro-organisms, which increased by 37% to X tons in 2021. Overall, imports showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 88% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, inactive yeast imports skyrocketed to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 37%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), China (X tons) and the United States (X tons) were the main suppliers of inactive yeast imports to Malaysia, together accounting for 95% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +71.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of inactive yeasts and other dead single-cell micro-organisms to Malaysia, comprising 39% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +37.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.7% per year) and Japan (+10.8% per year).

Import Prices by Country

In 2021, the average inactive yeast import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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