Panama: Active Yeast Market 2024

Active Yeast Market Size in Panama

The Panamanian active yeast market declined modestly to $X in 2022, falling by X% against the previous year. Over the period under review, the total consumption indicated tangible growth 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Active yeast consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Active Yeast Production in Panama

In value terms, active yeast production declined to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion 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. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Active Yeast Exports

Exports from Panama

In 2022, approx. X tons of bakers and active yeast were exported from Panama; which is down by X% on the previous year. Overall, exports, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, active yeast exports fell sharply to $X in 2022. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Venezuela (X tons) was the main destination for active yeast exports from Panama, accounting for a X% share of total exports. Moreover, active yeast exports to Venezuela exceeded the volume sent to the second major destination, Costa Rica (X kg), fourfold. The third position in this ranking was taken by Guatemala (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Venezuela stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Guatemala (X% per year).

In value terms, Guatemala ($X), Venezuela ($X) and Costa Rica ($X) were the largest markets for active yeast exported from Panama worldwide, together comprising X% of total exports.

Guatemala, 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 mixed trend patterns.

Export Prices by Country

The average active yeast export price stood at $X per ton in 2022, leveling off at the previous year. In general, export price indicated a mild 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 export price increased by X% against 2020 indices. The growth pace was the most rapid in 2014 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Costa Rica ($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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Active Yeast Imports

Imports into Panama

In 2022, the amount of bakers and active yeast imported into Panama dropped to X tons, which is down by X% compared with the previous year's figure. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, active yeast imports amounted to $X in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Mexico (X tons) constituted the largest active yeast supplier to Panama, with a X% share of total imports. Moreover, active yeast imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Portugal (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of bakers and active yeast to Panama, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Portugal (X% per year).

Import Prices by Country

The average active yeast import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, import price indicated temperate growth 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. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform