Turkey: Inactive Yeast Market 2024

Inactive Yeast Market Size in Turkey

The Turkish inactive yeast market rose rapidly to $X in 2021, with an increase of 8.8% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt descent. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Inactive Yeast Production in Turkey

In value terms, inactive yeast production rose significantly to $X in 2021 estimated in export price. Overall, production, however, showed a deep downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 15% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Inactive Yeast Exports

Exports from Turkey

Inactive yeast exports from Turkey surged to X tons in 2021, jumping by 180% against the previous year. Over the period under review, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, inactive yeast exports soared to $X in 2021. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), Singapore (X tons) and the United Arab Emirates (X tons) were the main destinations of inactive yeast exports from Turkey, with a combined 86% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +528.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for inactive yeasts and other dead single-cell micro-organisms exports from Turkey, comprising 55% of total exports. The second position in the ranking was taken by Singapore ($X), with an 11% share of total exports. It was followed by the United Arab Emirates, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +520.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+427.6% per year) and the United Arab Emirates (+15.8% per year).

Export Prices by Country

In 2021, the average inactive yeast export price amounted to $X per ton, with an increase of 6.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 52%. As a result, the export price attained the peak level of $X per ton. From 2017 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 Libya ($X per ton), while the average price for exports to Singapore ($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 the United Arab Emirates (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into Turkey

In 2021, overseas purchases of inactive yeasts and other dead single-cell micro-organisms increased by 10% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 339%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, inactive yeast imports soared to $X in 2021. In general, imports posted prominent growth. The growth pace was the most rapid in 2015 when imports increased by 78% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of inactive yeast to Turkey, accounting for a 84% share of total imports. Moreover, inactive yeast imports from Russia exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. Ukraine (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+39.8% per year) and Ukraine (+28.3% per year).

In value terms, Russia ($X), Belgium ($X) and the UK ($X) constituted the largest inactive yeast suppliers to Turkey, together comprising 68% of total imports.

Among the main suppliers, Belgium, with a CAGR of +26.4%, 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, picking up by 18% against the previous year. In general, the import price, however, showed a drastic downturn. The growth pace was the most rapid in 2013 an increase of 26%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained 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 the UK ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :