Mexico: Inactive Yeast Market 2024

Inactive Yeast Market Size in Mexico

In 2021, the Mexican inactive yeast market decreased by -0.7% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a pronounced downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Inactive Yeast Production in Mexico

In value terms, inactive yeast production reached $X in 2021 estimated in export price. Overall, production showed a perceptible decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 32% against the previous year. Inactive yeast production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Inactive Yeast Exports

Exports from Mexico

In 2021, the amount of inactive yeasts and other dead single-cell micro-organisms exported from Mexico surged to X tons, with an increase of 47% on 2020 figures. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 95%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, inactive yeast exports amounted to $X in 2021. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 82%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for inactive yeast exports from Mexico, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +17.4%.

In value terms, the United States ($X) also remains the key foreign market for inactive yeasts and other dead single-cell micro-organisms exports from Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +14.8%.

Export Prices by Country

In 2021, the average inactive yeast export price amounted to $X per ton, reducing by -31.2% against the previous year. Over the period under review, the export price saw a perceptible downturn. The growth pace was the most rapid in 2016 an increase of 43% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for Ireland amounted to +95.1% per year.

Inactive Yeast Imports

Imports into Mexico

In 2021, supplies from abroad of inactive yeasts and other dead single-cell micro-organisms increased by 2.2% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 18% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, inactive yeast imports dropped to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 31%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of inactive yeast to Mexico, accounting for a 61% share of total imports. Moreover, inactive yeast imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+6.6% per year) and China (+32.5% per year).

In value terms, the United States ($X) constituted the largest supplier of inactive yeasts and other dead single-cell micro-organisms to Mexico, comprising 64% of total imports. The second position in the ranking was held by Brazil ($X), with a 13% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+7.7% per year) and China (+31.1% per year).

Import Prices by Country

In 2021, the average inactive yeast import price amounted to $X per ton, declining by -2.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 16% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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 China ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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