Argentina: Inactive Yeast Market 2024

Inactive Yeast Market Size in Argentina

The Argentinian inactive yeast market totaled $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Inactive Yeast Production in Argentina

In value terms, inactive yeast production amounted to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a pronounced reduction. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Inactive Yeast Exports

Exports from Argentina

In 2023, after two years of growth, there was significant decline in overseas shipments of inactive yeasts and other dead single-cell micro-organisms, when their volume decreased by X% to X tons. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports failed to regain momentum.

In value terms, inactive yeast exports reduced dramatically to $X in 2023. Over the period under review, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for inactive yeast exports from Argentina, accounting for a X% share of total exports. Moreover, inactive yeast exports to Chile exceeded the volume sent to the second major destination, the United States (X tons), fivefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Chile stood at X%.

In value terms, the largest markets for inactive yeast exported from Argentina were Chile ($X) and the United States ($X).

Chile, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average inactive yeast export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2023: its price 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, inactive yeast export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2023, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile amounted to $X per ton.

From 2012 to 2023, 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 more modest paces of growth.

Inactive Yeast Imports

Imports into Argentina

In 2023, purchases abroad of inactive yeasts and other dead single-cell micro-organisms decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, posted resilient growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, inactive yeast imports declined sharply to $X in 2023. In general, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then contracted markedly in the following year.

Imports by Country

In 2023, Brazil (X tons) constituted the largest inactive yeast supplier to Argentina, with a X% share of total imports. Moreover, inactive yeast imports from Brazil exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold. China (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 Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and China (X% per year).

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

From 2012 to 2023, the average annual growth rate of value from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Canada (X% per year).

Import Prices by Country

In 2023, the average inactive yeast import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform