Australia: Active Yeast Market 2024

Active Yeast Market Size in Australia

The Australian active yeast market expanded slightly to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Active yeast consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Active Yeast Production in Australia

In value terms, active yeast production expanded sharply to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Active yeast production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Active Yeast Exports

Exports from Australia

In 2023, active yeast exports from Australia shrank to X tons, which is down by X% on the previous year. Overall, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, active yeast exports shrank dramatically to $X in 2023. Over the period under review, exports showed a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for active yeast exports from Australia, with a X% share of total exports. Moreover, active yeast exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Italy (X% per year).

In value terms, the United States ($X), Italy ($X) and New Zealand ($X) were the largest markets for active yeast exported from Australia worldwide, with a combined X% share of total exports. Japan, Thailand, South Africa and Papua New Guinea lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Papua New Guinea, 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, declining by X% against the previous year. In general, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then shrank rapidly in the following year.

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 Italy ($X per ton), while the average price for exports to Japan ($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 New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Active Yeast Imports

Imports into Australia

In 2023, approx. X tons of bakers and active yeast were imported into Australia; reducing by X% compared with 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, active yeast imports dropped dramatically to $X in 2023. In general, total imports indicated a notable expansion 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. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then contracted significantly in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of active yeast to Australia, with a X% share of total imports. Moreover, active yeast imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The third position in this ranking was held by New Zealand (X tons), with a X% share.

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

In value terms, China ($X), Belgium ($X) and France ($X) appeared to be the largest active yeast suppliers to Australia, together accounting for X% of total imports. The UK, Mexico, Singapore, New Zealand, the United States and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2023, the average active yeast import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated a noticeable expansion 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 decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the average import prices remained at a somewhat lower figure.

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 ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2023, 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