Lithuania: Inactive Yeast Market 2024

Inactive Yeast Market Size in Lithuania

In 2022, the Lithuanian inactive yeast market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption, however, showed a prominent increase. Over the period under review, the market attained the maximum level at $X in 2021, and then declined remarkably in the following year.

Inactive Yeast Production in Lithuania

In value terms, inactive yeast production surged to $X in 2022 estimated in export price. Overall, production, however, posted a strong increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Inactive yeast production peaked in 2022 and is likely to continue growth in years to come.

Inactive Yeast Exports

Exports from Lithuania

In 2022, after two years of growth, there was significant decline in shipments abroad of inactive yeasts and other dead single-cell micro-organisms, when their volume decreased by X% to X tons. Overall, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, inactive yeast exports rose sharply to $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons) was the main destination for inactive yeast exports from Lithuania, with a X% share of total exports. Moreover, inactive yeast exports to Hungary exceeded the volume sent to the second major destination, Poland (X tons), threefold. Estonia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Estonia (X% per year).

In value terms, Hungary ($X) remains the key foreign market for inactive yeasts and other dead single-cell micro-organisms exports from Lithuania, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hungary amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Estonia (X% per year).

Export Prices by Country

The average inactive yeast export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inactive yeast export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into Lithuania

After two years of growth, purchases abroad of inactive yeasts and other dead single-cell micro-organisms decreased by X% to X tons in 2022. Over the period under review, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, inactive yeast imports amounted to $X in 2022. In general, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Russia (X tons), Estonia (X tons) and Latvia (X tons) were the main suppliers of inactive yeast imports to Lithuania, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest inactive yeast suppliers to Lithuania were Estonia ($X), Russia ($X) and Latvia ($X), together comprising X% of total imports.

Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average inactive yeast import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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