Colombia: Active Yeast Market 2024

Active Yeast Market Size in Colombia

The Colombian active yeast market totaled $X in 2023, increasing by X% against the previous year. Overall, consumption, however, saw a mild downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Active Yeast Production in Colombia

In value terms, active yeast production declined modestly to $X in 2023 estimated in export price. In general, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Active Yeast Exports

Exports from Colombia

In 2023, exports of bakers and active yeast from Colombia reduced to X tons, which is down by X% against the previous year. In general, total exports indicated a resilient expansion from 2012 to 2023: its volume 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, exports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, active yeast exports reduced to $X in 2023. Overall, total exports indicated noticeable growth 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, exports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Ecuador (X tons) was the main destination for active yeast exports from Colombia, accounting for a X% share of total exports. Moreover, active yeast exports to Ecuador exceeded the volume sent to the second major destination, Peru (X tons), fourfold. The third position in this ranking was held by the Dominican Republic (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Ecuador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and the Dominican Republic (X% per year).

In value terms, Ecuador ($X) remains the key foreign market for bakers and active yeast exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Ecuador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Peru (X% per year).

Export Prices by Country

The average active yeast export price stood at $X per ton in 2023, approximately mirroring the previous year. Over the period under review, the export price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Peru ($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 States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Active Yeast Imports

Imports into Colombia

In 2023, approx. X tons of bakers and active yeast were imported into Colombia; increasing by X% on 2022 figures. In general, imports showed buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, active yeast imports expanded remarkably to $X in 2023. Overall, imports saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Mexico (X tons), China (X tons) and Russia (X tons) were the main suppliers of active yeast imports to Colombia, together comprising X% of total imports.

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

In value terms, Mexico ($X), China ($X) and France ($X) were the largest active yeast suppliers to Colombia, with a combined X% share of total imports. Russia, Argentina and Canada lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Russia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the average active yeast import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then contracted in the following year.

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 France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform