Peru: Inactive Yeast Market 2024

Inactive Yeast Market Size in Peru

In 2021, the Peruvian inactive yeast market decreased by -14.9% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption showed a mild slump. Inactive yeast consumption peaked at $X in 2020, and then reduced in the following year.

Inactive Yeast Production in Peru

In value terms, inactive yeast production contracted to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 62% against the previous year. Inactive yeast production peaked at $X in 2020, and then shrank in the following year.

Inactive Yeast Exports

Exports from Peru

In 2021, shipments abroad of inactive yeasts and other dead single-cell micro-organisms decreased by -88.9% to X kg, falling for the third consecutive year after three years of growth. Over the period under review, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 379% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, inactive yeast exports plummeted to $X in 2021. In general, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2016 when exports increased by 374%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Bolivia (X kg) was the main destination for inactive yeast exports from Peru, accounting for a 66% share of total exports. Moreover, inactive yeast exports to Bolivia exceeded the volume sent to the second major destination, the UK (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia totaled -27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+0.7% per year) and Chile (-46.2% per year).

In value terms, the UK ($X) remains the key foreign market for inactive yeasts and other dead single-cell micro-organisms exports from Peru, comprising 62% of total exports. The second position in the ranking was held by Bolivia ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to -16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-27.8% per year) and Chile (-39.8% per year).

Export Prices by Country

In 2021, the average inactive yeast export price amounted to $X per ton, shrinking by -2.8% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2019 an increase of 288% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Bolivia ($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 Chile (+12.5%), while the prices for the other major destinations experienced a decline.

Inactive Yeast Imports

Imports into Peru

In 2021, after two years of growth, there was significant decline in supplies from abroad of inactive yeasts and other dead single-cell micro-organisms, when their volume decreased by -58.8% to X tons. Overall, imports showed a deep slump. The growth pace was the most rapid in 2020 with an increase of 105% against the previous year. As a result, imports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, inactive yeast imports declined significantly to $X in 2021. Over the period under review, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 110% against the previous year. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

Argentina (X tons), Brazil (X tons) and Guatemala (X tons) were the main suppliers of inactive yeast imports to Peru, with a combined 70% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +72.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Brazil ($X) and Guatemala ($X) were the largest inactive yeast suppliers to Peru, together comprising 37% of total imports.

Argentina, with a CAGR of +35.7%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average inactive yeast import price amounted to $X per ton, surging by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.3%. The pace of growth was the most pronounced in 2013 when the average import price increased by 30%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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