Canada: Inactive Yeast Market 2024

Inactive Yeast Market Size in Canada

The Canadian inactive yeast market expanded notably to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Inactive Yeast Production in Canada

In value terms, inactive yeast production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight descent. 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 remained at a lower figure.

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Inactive Yeast Exports

Exports from Canada

In 2022, approx. X tons of inactive yeasts and other dead single-cell micro-organisms were exported from Canada; with an increase of X% compared with the previous year. In general, exports, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, inactive yeast exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its value 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, exports increased by X% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for inactive yeast exports from Canada, accounting for a X% share of total exports. Moreover, inactive yeast exports to the United States exceeded the volume sent to the second major destination, Belgium (X tons), sixfold. China (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 the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and China (X% per year).

In value terms, the United States ($X) remains the key foreign market for inactive yeasts and other dead single-cell micro-organisms exports from Canada, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with an X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and China (X% per year).

Export Prices by Country

The average inactive yeast export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, export price indicated strong growth 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 export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Guatemala ($X per ton) and the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Inactive Yeast Imports

Imports into Canada

For the third year in a row, Canada recorded growth in purchases abroad of inactive yeasts and other dead single-cell micro-organisms, which increased by X% to X tons in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, inactive yeast imports skyrocketed 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest inactive yeast supplier to Canada, accounting for a X% share of total imports. Moreover, inactive yeast imports from the United States exceeded the figures recorded by the second-largest supplier, Estonia (X tons), fivefold. The third position in this ranking was held by Brazil (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Brazil (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Italy (X% per year).

Import Prices by Country

The average inactive yeast import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated a noticeable increase 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 was the most pronounced in 2015 an increase of X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Brazil ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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