Bulgaria: Inactive Yeast Market 2024

Inactive Yeast Market Size in Bulgaria

In 2022, the Bulgarian inactive yeast market increased by X% to $X, rising for the sixth year in a row after four years of decline. In general, consumption, however, continues to indicate a slight decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Inactive Yeast Production in Bulgaria

In value terms, inactive yeast production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Inactive Yeast Exports

Exports from Bulgaria

In 2022, overseas shipments of inactive yeasts and other dead single-cell micro-organisms increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, inactive yeast exports expanded remarkably to $X in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X.1% per year) and Georgia (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for inactive yeasts and other dead single-cell micro-organisms exports from Bulgaria, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Romania (X% per year).

Export Prices by Country

The average inactive yeast export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

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

Inactive Yeast Imports

Imports into Bulgaria

For the seventh consecutive year, Bulgaria recorded growth in supplies from abroad of inactive yeasts and other dead single-cell micro-organisms, which increased by X% to X tons in 2022. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, inactive yeast imports expanded sharply to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of inactive yeast to Bulgaria, with a X% share of total imports. Moreover, inactive yeast imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and France (X% per year).

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

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

Import Prices by Country

In 2022, the average inactive yeast import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inactive yeast import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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