India: Inactive Yeast Market 2024

Inactive Yeast Market Size in India

The Indian inactive yeast market rose slightly to $X in 2023, growing by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Inactive yeast consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Inactive Yeast Production in India

In value terms, inactive yeast production totaled $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Inactive Yeast Exports

Exports from India

In 2023, approx. X tons of inactive yeasts and other dead single-cell micro-organisms were exported from India; waning by X% on 2022. In general, exports, however, saw a tangible increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, inactive yeast exports fell sharply to $X in 2023. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2022, and then dropped dramatically in the following year.

Exports by Country

The Philippines (X tons) was the main destination for inactive yeast exports from India, with a X% share of total exports. Moreover, inactive yeast exports to the Philippines exceeded the volume sent to the second major destination, the United States (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the Philippines stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

In value terms, the largest markets for inactive yeast exported from India were South Korea ($X), the United States ($X) and the Philippines ($X), with a combined X% share of total exports. Germany, Australia, France and the Netherlands lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2023, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into India

In 2023, the amount of inactive yeasts and other dead single-cell micro-organisms imported into India shrank to X tons, which is down by X% on the previous year's figure. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, inactive yeast imports surged to $X in 2023. In general, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Brazil (X tons) constituted the largest inactive yeast supplier to India, accounting for a X% share of total imports. Moreover, inactive yeast imports from Brazil exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fivefold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and China (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of inactive yeasts and other dead single-cell micro-organisms to India, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average inactive yeast import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform