Turkey: Inactive Yeast Market 2024

Inactive Yeast Market Size in Turkey

In 2023, after two years of growth, there was significant decline in the Turkish inactive yeast market, when its value decreased by X% to $X. In general, consumption showed a slight shrinkage. Inactive yeast consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Inactive Yeast Production in Turkey

In value terms, inactive yeast production rose sharply to $X in 2023 estimated in export price. Overall, production, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Inactive Yeast Exports

Exports from Turkey

In 2023, shipments abroad of inactive yeasts and other dead single-cell micro-organisms decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, inactive yeast exports dropped dramatically to $X in 2023. In general, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then declined notably in the following year.

Exports by Country

Russia (X tons), Singapore (X tons) and Cyprus (X tons) were the main destinations of inactive yeast exports from Turkey, together accounting for X% of total exports.

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

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

From 2012 to 2023, the average annual growth rate of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Cyprus (X% per year).

Export Prices by Country

In 2023, the average inactive yeast export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, showed tangible growth. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Singapore ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Inactive Yeast Imports

Imports into Turkey

Inactive yeast imports into Turkey fell rapidly to X tons in 2023, which is down by X% on the previous year. Overall, imports continue to indicate a mild decrease. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, inactive yeast imports dropped rapidly to $X in 2023. In general, total imports indicated a slight 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. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Russia (X tons) constituted the largest inactive yeast supplier to Turkey, with a X% share of total imports. Moreover, inactive yeast imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Germany (X% per year).

In value terms, Malaysia ($X), Belgium ($X) and China ($X) were the largest inactive yeast suppliers to Turkey, with a combined X% share of total imports. Germany, Spain, Italy, Brazil, France, Russia, Ukraine, Vietnam, Georgia and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, saw 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

The average inactive yeast import price stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price continues to indicate noticeable growth. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform