United Kingdom: Inactive Yeast Market 2024

Inactive Yeast Market Size in the UK

In 2021, the UK inactive yeast market increased by less than 0.1% to $X, rising for the fourth year in a row after three years of decline. Over the period under review, consumption continues to indicate a noticeable decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Inactive Yeast Production in the UK

In value terms, inactive yeast production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 89%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Inactive Yeast Exports

Exports from the UK

In 2021, overseas shipments of inactive yeasts and other dead single-cell micro-organisms decreased by -15.3% to X tons, falling for the third consecutive year after three years of growth. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 10%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, inactive yeast exports plummeted to $X in 2021. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 37%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X tons), the Netherlands (X tons) and Ireland (X tons) were the main destinations of inactive yeast exports from the UK, together comprising 50% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +32.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for inactive yeast exported from the UK were the Netherlands ($X), Ireland ($X) and Belgium ($X), with a combined 50% share of total exports. Switzerland, Sweden, France, Morocco, Turkey, Brazil, Russia, Spain, Hungary and Australia lagged somewhat behind, together accounting for a further 35%.

Russia, with a CAGR of +31.5%, saw the highest rates of growth with regard to the value of exports, among 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

The average inactive yeast export price stood at $X per ton in 2021, waning by -2% against the previous year. Over the period under review, the export price saw a slight slump. The most prominent rate of growth was recorded in 2014 an increase of 73%. As a result, the export price reached 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 export markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Turkey ($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 Switzerland (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into the UK

In 2021, the amount of inactive yeasts and other dead single-cell micro-organisms imported into the UK fell to X tons, with a decrease of -6.3% on the previous year's figure. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 289% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, inactive yeast imports stood at $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 +28.7% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 42%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest inactive yeast supplier to the UK, accounting for a 43% share of total imports. Moreover, inactive yeast imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Poland (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +49.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.0% per year) and Poland (+65.7% per year).

In value terms, Belgium ($X), the Netherlands ($X) and Denmark ($X) were the largest inactive yeast suppliers to the UK, with a combined 40% share of total imports. Germany, China, the United States, Sweden, France, Brazil, Estonia, Poland, Spain and the Czech Republic lagged somewhat behind, together accounting for a further 39%.

Among the main suppliers, Sweden, with a CAGR of +118.0%, saw the highest rates of growth with regard to 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

The average inactive yeast import price stood at $X per ton in 2021, surging by 7.6% against the previous year. In general, the import price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2014 an increase of 97% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 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 France ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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