Uruguay: Active Yeast Market 2024

Active Yeast Market Size in Uruguay

The Uruguayan active yeast market expanded sharply to $X in 2022, rising by X% against the previous year. Over the period under review, consumption showed a strong increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Active Yeast Production in Uruguay

In value terms, active yeast production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Active Yeast Exports

Exports from Uruguay

Active yeast exports from Uruguay plummeted to X kg in 2022, reducing by X% compared with 2021 figures. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, active yeast exports declined sharply to $X in 2022. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Free Zones (X kg) was the main destination for active yeast exports from Uruguay, with a X% share of total exports. It was followed by Argentina (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones stood at X%.

In value terms, Free Zones ($X) remains the key foreign market for bakers and active yeast exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones stood at X%.

Export Prices by Country

In 2022, the average active yeast export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Argentina amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Active Yeast Imports

Imports into Uruguay

In 2022, active yeast imports into Uruguay totaled X tons, growing by X% on 2021 figures. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, active yeast imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of active yeast to Uruguay, accounting for a X% share of total imports. Moreover, active yeast imports from Argentina exceeded the figures recorded by the second-largest supplier, Paraguay (X tons), fivefold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (X% per year) and Turkey (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of bakers and active yeast to Uruguay, comprising X% of total imports. The second position in the ranking was taken by Paraguay ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Argentina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (X% per year) and Turkey (X% per year).

Import Prices by Country

The average active yeast import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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