Egypt: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Egypt

The Egyptian market for gingerbread, sweet biscuits and waffles shrank to $X in 2023, stabilizing at the previous year. Overall, the total consumption indicated a measured 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; afterwards, it flattened through to 2023.

Production of Gingerbread, Sweet Biscuits and Waffles in Egypt

In value terms, gingerbread, sweet biscuit and waffle production dropped slightly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a perceptible 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2023.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Egypt

In 2023, overseas shipments of gingerbread, sweet biscuits and waffles decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, total exports indicated a measured 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 decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports reached $X in 2023. Overall, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked in 2023 and are likely to see steady growth in the near future.

Exports by Country

Saudi Arabia (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Egypt, accounting for a X% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to Saudi Arabia exceeded the volume sent to the second major destination, Jordan (X tons), twofold. The third position in this ranking was taken by Iraq (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Iraq (X% per year).

In value terms, Saudi Arabia ($X), Iraq ($X) and Jordan ($X) constituted the largest markets for gingerbread, sweet biscuit and waffle exported from Egypt worldwide, together accounting for X% of total exports. Palestine, Libya, Russia, Sudan, Australia, the United Arab Emirates, Kuwait, Yemen, Oman and Lebanon lagged somewhat behind, together accounting for a further X%.

Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2023 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Iraq ($X per ton) and Libya ($X per ton), while the average price for exports to Russia ($X per ton) and the United Arab Emirates ($X per ton) were 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.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Egypt

In 2023, purchases abroad of gingerbread, sweet biscuits and waffles decreased by X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, gingerbread, sweet biscuit and waffle imports declined remarkably to $X in 2023. In general, imports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons) constituted the largest gingerbread, sweet biscuit and waffle supplier to Egypt, accounting for a X% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Egypt, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2023, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2023 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Bulgaria ($X per ton) and the United Arab Emirates ($X per ton), while the price for Poland ($X per ton) and Belgium ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform