South Africa: Inactive Yeast Market 2024

Inactive Yeast Market Size in South Africa

After three years of growth, the South African inactive yeast market decreased by -5.3% to $X in 2021. Over the period under review, consumption continues to indicate a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Inactive Yeast Production in South Africa

In value terms, inactive yeast production declined to $X in 2021 estimated in export price. In general, production continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of 47% against the previous year. 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 South Africa

In 2021, overseas shipments of inactive yeasts and other dead single-cell micro-organisms increased by 51% to X tons, rising for the second consecutive year after five years of decline. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 159%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, inactive yeast exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2020 with an increase of 111%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Lesotho (X tons) was the main destination for inactive yeast exports from South Africa, with a 73% share of total exports. Moreover, inactive yeast exports to Lesotho exceeded the volume sent to the second major destination, Swaziland (X tons), sixfold. Mozambique (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Lesotho amounted to +42.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (-6.1% per year) and Mozambique (+2.7% per year).

In value terms, Lesotho ($X) remains the key foreign market for inactive yeasts and other dead single-cell micro-organisms exports from South Africa, comprising 71% of total exports. The second position in the ranking was held by Mozambique ($X), with a 7% share of total exports. It was followed by Swaziland, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value to Lesotho stood at +32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+1.9% per year) and Swaziland (-9.9% per year).

Export Prices by Country

In 2021, the average inactive yeast export price amounted to $X per ton, increasing by 8% against the previous year. In general, the export price, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2016 an increase of 96%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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 Botswana ($X per ton), while the average price for exports to Swaziland ($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 Lithuania (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into South Africa

In 2021, the amount of inactive yeasts and other dead single-cell micro-organisms imported into South Africa skyrocketed to X tons, picking up by 31% compared with the previous year. In general, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 105%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, inactive yeast imports expanded sharply to $X in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.2% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 84% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of inactive yeast to South Africa, accounting for a 55% share of total imports. Moreover, inactive yeast imports from China exceeded the figures recorded by the second-largest supplier, Estonia (X tons), fourfold. The third position in this ranking was taken by France (X tons), with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+50.8% per year) and France (+15.3% per year).

In value terms, the largest inactive yeast suppliers to South Africa were China ($X), France ($X) and Estonia ($X), with a combined 69% share of total imports. These countries were followed by Poland, Belgium, the United States, the UK, Brazil and Argentina, which together accounted for a further 17%.

Poland, with a CAGR of +65.7%, recorded 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, which is down by -14.3% against the previous year. In general, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 61%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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