ECOWAS: Active Yeast Market 2024

Active Yeast Market Size in ECOWAS

The ECOWAS active yeast market totaled $X in 2023, approximately equating the previous year. The total consumption indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Active Yeast Production in ECOWAS

In value terms, active yeast production reached $X in 2023 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Active Yeast Exports

Exports in ECOWAS

In 2023, shipments abroad of bakers and active yeast decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, posted a modest increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, active yeast exports contracted to $X in 2023. Overall, exports, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Senegal (X tons), Cote d'Ivoire (X tons) and Ghana (X tons) represented roughly X% of total exports in 2023.

From 2012 to 2023, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest active yeast supplying countries in ECOWAS were Ghana ($X), Senegal ($X) and Cote d'Ivoire ($X), with a combined X% share of total exports.

Cote d'Ivoire, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, increasing by X% against the previous year. In general, the export price continues to indicate a temperate expansion. The growth pace was the most rapid in 2019 when the export price increased by X%. The level of export peaked in 2023 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the export price figures.

Active Yeast Imports

Imports in ECOWAS

In 2023, purchases abroad of bakers and active yeast was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Total imports indicated a temperate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, active yeast imports reduced slightly to $X in 2023. Total imports indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Nigeria (X tons) and Cote d'Ivoire (X tons) represented roughly X% of total imports in 2023. Senegal (X tons) ranks next in terms of the total imports with a X% share, followed by Niger (X%). Mali (X tons), Burkina Faso (X tons) and Ghana (X tons) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Niger (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest active yeast importing markets in ECOWAS were Cote d'Ivoire ($X), Nigeria ($X) and Senegal ($X), together comprising X% of total imports. Niger, Mali, Burkina Faso and Ghana lagged somewhat behind, together accounting for a further X%.

Niger, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mali ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform