Singapore: Inactive Yeast Market 2024

Inactive Yeast Market Size in Singapore

In 2023, the Singaporean inactive yeast market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a pronounced decrease. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Inactive Yeast Production in Singapore

In value terms, inactive yeast production reached $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Inactive Yeast Exports

Exports from Singapore

In 2023, approx. X tons of inactive yeasts and other dead single-cell micro-organisms were exported from Singapore; picking up by X% against 2022. Overall, exports recorded moderate growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to continue growth in the immediate term.

In value terms, inactive yeast exports totaled $X in 2023. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for inactive yeast exports from Singapore, with a X% share of total exports. Moreover, inactive yeast exports to Australia exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Hong Kong SAR (X% per year).

In value terms, Australia ($X), Malaysia ($X) and Cambodia ($X) constituted the largest markets for inactive yeast exported from Singapore worldwide, together comprising X% of total exports. Indonesia, New Zealand, Hong Kong SAR, Vietnam and Pakistan lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, New Zealand, 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 inactive yeast export price amounted to $X per ton, reducing by X% against the previous year. In general, export price indicated a measured increase 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

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 Indonesia ($X per ton), while the average price for exports to Pakistan ($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 Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into Singapore

In 2023, approx. X tons of inactive yeasts and other dead single-cell micro-organisms were imported into Singapore; falling by X% against 2022 figures. In general, imports recorded a deep setback. 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 tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, inactive yeast imports reduced sharply to $X in 2023. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded 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

Turkey (X tons), the United States (X tons) and Vietnam (X tons) were the main suppliers of inactive yeast imports to Singapore, 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 Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the average inactive yeast import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained 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 the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform