India: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in India

The Indian waffle and wafer market stood at $X in 2023, leveling off at the previous year. Overall, consumption recorded a buoyant increase. Waffle and wafer consumption peaked at $X in 2021; afterwards, it flattened through to 2023.

Waffle And Wafer Production in India

In value terms, waffle and wafer production totaled $X in 2023 estimated in export price. In general, production enjoyed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Waffle And Wafer Exports

Exports from India

Waffle and wafer exports from India soared to X tons in 2023, jumping by X% on 2022 figures. In general, exports posted strong growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in the near future.

In value terms, waffle and wafer exports expanded remarkably to $X in 2023. Overall, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Cambodia (X tons), Nepal (X tons) and Canada (X tons) were the main destinations of waffle and wafer exports from India, with a combined X% share of total exports. South Africa, Bangladesh, the United States, the United Arab Emirates, Thailand, Mozambique, Tanzania, Papua New Guinea, Saudi Arabia and Malaysia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Nepal ($X), Cambodia ($X) and Saudi Arabia ($X) were the largest markets for waffle and wafer exported from India worldwide, with a combined X% share of total exports. The United Arab Emirates, Bangladesh, Canada, South Africa, the United States, Thailand, Malaysia, Mozambique, Tanzania and Papua New Guinea lagged somewhat behind, together accounting for a further X%.

Bangladesh, 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 waffle and wafer export price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, export price indicated a prominent increase from 2012 to 2023: its price 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, waffle and wafer export price increased by X% against 2021 indices. The growth pace was the most rapid in 2015 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Canada ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Waffle And Wafer Imports

Imports into India

In 2023, purchases abroad of waffles and wafers decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports, however, recorded a tangible expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports remained at a lower figure.

In value terms, waffle and wafer imports contracted to $X in 2023. Over the period under review, imports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Indonesia (X tons) constituted the largest supplier of waffle and wafer to India, accounting for a X% share of total imports. Moreover, waffle and wafer imports from Indonesia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. The third position in this ranking was taken by Malaysia (X tons), with an X% share.

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

In value terms, Indonesia ($X) constituted the largest supplier of waffles and wafers to India, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

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

Import Prices by Country

In 2023, the average waffle and wafer import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated tangible growth 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, waffle and wafer import price increased by X% against 2019 indices. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform