Greece: Active Yeast Market 2024

Active Yeast Market Size in Greece

The Greek active yeast market skyrocketed to $X in 2023, jumping by X% against the previous year. In general, consumption continues to indicate resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Active Yeast Production in Greece

In value terms, active yeast production rose significantly to $X in 2023 estimated in export price. Overall, production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

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Active Yeast Exports

Exports from Greece

In 2023, after two years of decline, there was growth in overseas shipments of bakers and active yeast, when their volume increased by X% to X tons. In general, exports recorded a prominent increase. 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 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, active yeast exports surged to $X in 2023. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to continue growth in the near future.

Exports by Country

Italy (X tons), Germany (X tons) and Cyprus (X tons) were the main destinations of active yeast exports from Greece, with a combined X% share of total exports. The Netherlands, Belgium, Sweden, Poland, Romania, Austria, Spain, France, Bulgaria and Hungary lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), Cyprus ($X) and Germany ($X) constituted the largest markets for active yeast exported from Greece worldwide, with a combined X% share of total exports. Belgium, the Netherlands, Sweden, Bulgaria, Romania, Austria, Poland, Spain, France and Hungary lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average active yeast export price amounted to $X per ton, rising by X% against the previous year. In general, export price indicated slight growth from 2012 to 2023: its price 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, active yeast export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2022 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Hungary ($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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Active Yeast Imports

Imports into Greece

In 2023, approx. X tons of bakers and active yeast were imported into Greece; growing by X% against 2022. Over the period under review, total imports indicated prominent growth 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 increased by X% against 2013 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in the immediate term.

In value terms, active yeast imports surged to $X in 2023. Overall, imports showed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Italy (X tons) constituted the largest active yeast supplier to Greece, with a X% share of total imports. Moreover, active yeast imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

In value terms, Italy ($X) constituted the largest supplier of bakers and active yeast to Greece, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

In 2023, the average active yeast import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform