Romania: Inactive Yeast Market 2024

Inactive Yeast Market Size in Romania

In 2021, the Romanian inactive yeast market increased by 6.7% to $X, rising for the fifth year in a row after three years of decline. Overall, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Inactive Yeast Production in Romania

In value terms, inactive yeast production dropped to $X in 2021 estimated in export price. Overall, production saw a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 82% against the previous year. Inactive yeast production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Inactive Yeast Exports

Exports from Romania

In 2021, overseas shipments of inactive yeasts and other dead single-cell micro-organisms decreased by -12.5% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 1,059%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, inactive yeast exports reached $X in 2021. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 269%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for inactive yeast exports from Romania, with a 84% share of total exports. Moreover, inactive yeast exports to Poland exceeded the volume sent to the second major destination, Hungary (X tons), eightfold. The third position in this ranking was held by Moldova (X tons), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume to Poland totaled +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+21.2% per year) and Moldova (+6.7% per year).

In value terms, Poland ($X) remains the key foreign market for inactive yeasts and other dead single-cell micro-organisms exports from Romania, comprising 63% of total exports. The second position in the ranking was held by Moldova ($X), with a 13% share of total exports. It was followed by Hungary, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Poland stood at +31.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+6.7% per year) and Hungary (+19.4% per year).

Export Prices by Country

The average inactive yeast export price stood at $X per ton in 2021, rising by 15% against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 165%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Italy ($X per ton), while the average price for exports to Poland ($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 Italy (+41.2%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into Romania

In 2021, supplies from abroad of inactive yeasts and other dead single-cell micro-organisms increased by 58% to X tons, rising for the second year in a row after two years of decline. Overall, imports posted resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 165% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, inactive yeast imports surged to $X in 2021. Over the period under review, imports continue to indicate prominent growth. The growth pace was the most rapid in 2020 when imports increased by 38%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Russia (X tons) constituted the largest inactive yeast supplier to Romania, with a 68% share of total imports. Moreover, inactive yeast imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), sixfold. Italy (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +65.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+5.4% per year) and Italy (+8.9% per year).

In value terms, the largest inactive yeast suppliers to Romania were Italy ($X), Spain ($X) and Russia ($X), with a combined 50% share of total imports.

Russia, with a CAGR of +45.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average inactive yeast import price stood at $X per ton in 2021, falling by -13.9% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in 2019 an increase of 150%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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