Spain: Inactive Yeast Market 2024

Inactive Yeast Market Size in Spain

In 2021, the Spanish inactive yeast market increased by 196% to $X, rising for the third consecutive year after two years of decline. Overall, consumption continues to indicate a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Inactive Yeast Production in Spain

In value terms, inactive yeast production surged to $X in 2021 estimated in export price. Over the period under review, production posted a significant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Inactive Yeast Exports

Exports from Spain

In 2021, the amount of inactive yeasts and other dead single-cell micro-organisms exported from Spain surged to X tons, rising by 27% against the previous year. Overall, exports posted a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 145% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, inactive yeast exports skyrocketed to $X in 2021. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 71%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons), the Netherlands (X tons) and Chile (X tons) were the main destinations of inactive yeast exports from Spain, together accounting for 60% of total exports. These countries were followed by the UK, Italy, Belgium, the United States, Germany, Ecuador and Portugal, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of +277.0%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for inactive yeasts and other dead single-cell micro-organisms exports from Spain, comprising 36% of total exports. The second position in the ranking was held by Chile ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+85.0% per year) and the Netherlands (+40.5% per year).

Export Prices by Country

The average inactive yeast export price stood at $X per ton in 2021, picking up by 10% against the previous year. Overall, the export price enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2014 an increase of 63%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to the Netherlands ($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 Estonia (+43.0%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into Spain

In 2021, supplies from abroad of inactive yeasts and other dead single-cell micro-organisms increased by 35% to X tons, rising for the third consecutive year after two years of decline. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.9% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, inactive yeast imports surged to $X in 2021. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 34%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

France (X tons), Brazil (X tons) and Italy (X tons) were the main suppliers of inactive yeast imports to Spain, together comprising 63% of total imports. Belgium, Poland, Denmark, the Netherlands and Germany lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +32.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of inactive yeasts and other dead single-cell micro-organisms to Spain, comprising 33% of total imports. The second position in the ranking was taken by Denmark ($X), with a 13% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from France totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+20.5% per year) and Belgium (+4.9% per year).

Import Prices by Country

The average inactive yeast import price stood at $X per ton in 2021, falling by -2.9% against the previous year. Overall, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, inactive yeast import price decreased by -25.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 55%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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 Italy (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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