Portugal: Inactive Yeast Market 2024

Inactive Yeast Market Size in Portugal

The Portuguese inactive yeast market rose rapidly to $X in 2021, growing by 13% against the previous year. In general, consumption, however, showed a perceptible contraction. Inactive yeast consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Inactive Yeast Production in Portugal

In value terms, inactive yeast production rose notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by 44%. Inactive yeast production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Inactive Yeast Exports

Exports from Portugal

In 2021, shipments abroad of inactive yeasts and other dead single-cell micro-organisms decreased by -14.7% to X tons, falling for the third consecutive year after two years of growth. Overall, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 340% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, inactive yeast exports surged to $X in 2021. In general, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 68% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for inactive yeast exports from Portugal, accounting for a 46% share of total exports. Moreover, inactive yeast exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was held by France (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+572.1% per year) and France (+214.5% per year).

In value terms, the largest markets for inactive yeast exported from Portugal were Spain ($X), France ($X) and Italy ($X), with a combined 79% share of total exports. These countries were followed by Ireland, Angola, Poland and Luxembourg, which together accounted for a further 9.9%.

Luxembourg, with a CAGR of +646.3%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2021, the average inactive yeast export price amounted to $X per ton, increasing by 37% against the previous year. In general, the export price posted prominent growth. The growth pace was the most rapid in 2016 an increase of 290% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Poland ($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 Luxembourg (+53.2%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into Portugal

In 2021, approx. X tons of inactive yeasts and other dead single-cell micro-organisms were imported into Portugal; picking up by 16% compared with the previous year's figure. Over the period under review, imports posted moderate growth. The pace of growth appeared the most rapid in 2014 when imports increased by 70% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, inactive yeast imports dropped to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 26%. Over the period under review, imports hit record highs at $X in 2020, and then dropped in the following year.

Imports by Country

Brazil (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of inactive yeast imports to Portugal, together accounting for 66% of total imports. Belgium, France, China and Denmark lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +54.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest inactive yeast suppliers to Portugal were France ($X), Spain ($X) and Denmark ($X), together accounting for 58% of total imports. Belgium, Germany, Brazil and China lagged somewhat behind, together comprising a further 37%.

Among the main suppliers, China, with a CAGR of +56.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average inactive yeast import price amounted to $X per ton, shrinking by -19.1% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average import price increased by 56%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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