Spain: Active Yeast Market 2024

Active Yeast Market Size in Spain

In 2023, the Spanish active yeast market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a slight decline. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Active Yeast Production in Spain

In value terms, active yeast production stood at $X in 2023 estimated in export price. In general, production showed a slight descent. The growth pace was the most rapid in 2018 when the production volume increased by X%. Active yeast production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Active Yeast Exports

Exports from Spain

In 2023, exports of bakers and active yeast from Spain skyrocketed to X tons, with an increase of X% against 2022 figures. Over the period under review, total exports indicated a strong 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in years to come.

In value terms, active yeast exports surged to $X in 2023. In general, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons), Saudi Arabia (X tons) and Senegal (X tons) were the main destinations of active yeast exports from Spain, together comprising X% of total exports. France, Italy, Cuba and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

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

In value terms, Portugal ($X) remains the key foreign market for bakers and active yeast exports from Spain, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Portugal totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2023, the average active yeast export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated perceptible 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. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Italy ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Active Yeast Imports

Imports into Spain

In 2023, after two years of decline, there was significant growth in overseas purchases of bakers and active yeast, when their volume increased by X% to X tons. Overall, imports enjoyed a mild increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, active yeast imports surged to $X in 2023. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded 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 somewhat lower figure.

Imports by Country

In 2023, Portugal (X tons) constituted the largest active yeast supplier to Spain, accounting for a X% share of total imports. Moreover, active yeast imports from Portugal exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by Egypt (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Portugal was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Egypt (X% per year).

In value terms, the largest active yeast suppliers to Spain were Portugal ($X), France ($X) and Belgium ($X), with a combined X% share of total imports. Italy, Egypt, Turkey and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Egypt, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average active yeast import price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, import price indicated a pronounced increase 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 import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2023 and is expected to retain growth in years to come.

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 Belgium ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform