Sweet Biscuit, Waffle and Wafer Market in the EU Reached $5.5B

IndexBox has just published a new report: 'EU - Sweet Biscuits, Waffles And Wafers - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The revenue of the market for sweet biscuits, waffles and wafers in the European Union amounted to $5.5B in 2018, surging by 3.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption of sweet biscuits, waffles and wafers continues to indicate a relatively flat trend pattern.

Consumption By Country in the EU

The countries with the highest volumes of consumption of sweet biscuits, waffles and wafers in 2018 were the UK (278K tons), Italy (269K tons) and France (224K tons), with a combined 50% share of total consumption. These countries were followed by Germany, Spain, Ireland, Portugal, Romania, Slovakia, Bulgaria, Hungary and Belgium, which together accounted for a further 39%.

From 2007 to 2018, the most notable rate of growth in terms of consumption of sweet biscuits, waffles and wafers, amongst the main consuming countries, was attained by Romania, while consumption of sweet biscuits, waffles and wafers for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit, waffle and wafer markets in the European Union were Italy ($1.4B), the UK ($1B) and France ($697M), together accounting for 56% of the total market. These countries were followed by Germany, Spain, Ireland, Romania, Portugal, Bulgaria, Slovakia, Hungary and Belgium, which together accounted for a further 35%.

The countries with the highest levels of sweet biscuit, waffle and wafer per capita consumption in 2018 were Ireland (11,206 kg per 1000 persons), Slovakia (6,497 kg per 1000 persons) and Portugal (4,933 kg per 1000 persons).

Market Forecast 2019-2025 in the EU

Driven by rising demand for sweet biscuit, waffle and wafer in the European Union, the market is expected to start an upward consumption trend over the next seven-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.6% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 1.6M tons by the end of 2025.

Production in the EU

In 2018, approx. 1.8M tons of sweet biscuits, waffles and wafers were produced in the European Union; lowering by -3.6% against the previous year. The total output volume increased at an average annual rate of +1.2% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations over the period under review. The volume of production of sweet biscuits, waffles and wafers peaked at 1.9M tons in 2017, and then declined slightly in the following year.

Production By Country in the EU

The countries with the highest volumes of production of sweet biscuits, waffles and wafers in 2018 were Italy (281K tons), Germany (270K tons) and the UK (215K tons), together comprising 43% of total production. These countries were followed by Poland, the Netherlands, Spain, Belgium, France, the Czech Republic, Bulgaria and Denmark, which together accounted for a further 50%.

From 2007 to 2018, the most notable rate of growth in terms of production of sweet biscuits, waffles and wafers, amongst the main producing countries, was attained by the Czech Republic, while production of sweet biscuits, waffles and wafers for the other leaders experienced more modest paces of growth.

Exports in the EU

In 2018, the exports of sweet biscuits, waffles and wafers in the European Union totaled 2M tons, going up by 2.3% against the previous year. The total export volume increased at an average annual rate of +4.1% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, exports of sweet biscuits, waffles and wafers reached their maximum in 2018 and are expected to retain its growth in the near future. In value terms, exports of sweet biscuits, waffles and wafers amounted to $7.1B (IndexBox estimates) in 2018.

Exports by Country

The exports of the four major exporters of sweet biscuits, waffles and wafers, namely Germany, the Netherlands, Belgium and Poland, represented more than half of total export. Italy (142K tons) occupied a 7.2% share (based on tons) of total exports, which put it in second place, followed by the UK (6.8%), Spain (6%), the Czech Republic (5.4%) and France (5.4%).

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Czech Republic, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit, waffle and wafer supplying countries in the European Union were Germany ($1.2B), the Netherlands ($936M) and Poland ($889M), together comprising 42% of total exports. Belgium, Italy, the UK, France, Spain and the Czech Republic lagged somewhat behind, together comprising a further 43%.

Export Prices by Country

In 2018, the export price for sweet biscuits, waffles and wafers in the European Union amounted to $3,641 per ton, going up by 4.8% against the previous year. Overall, the export price for sweet biscuits, waffles and wafers continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($5,039 per ton), while Spain ($2,375 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, the imports of sweet biscuits, waffles and wafers in the European Union stood at 1.7M tons, jumping by 4.7% against the previous year. The total import volume increased at an average annual rate of +2.5% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. In value terms, imports of sweet biscuits, waffles and wafers totaled $5.3B (IndexBox estimates) in 2018.

Imports by Country

France (258K tons), Germany (216K tons) and the UK (197K tons) represented roughly 40% of total imports of sweet biscuits, waffles and wafers in 2018. Italy (129K tons) took the next position in the ranking, followed by Belgium (120K tons) and the Netherlands (115K tons). All these countries together held approx. 22% share of total imports. Spain (73K tons), Austria (65K tons), Portugal (62K tons), Ireland (61K tons), Romania (57K tons) and Poland (55K tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Romania, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit, waffle and wafer importing markets in the European Union were France ($794M), Germany ($750M) and the UK ($735M), together comprising 43% of total imports. These countries were followed by the Netherlands, Belgium, Italy, Spain, Austria, Poland, Ireland, Portugal and Romania, which together accounted for a further 41%.

Import Prices by Country

In 2018, the import price for sweet biscuits, waffles and wafers in the European Union amounted to $3,154 per ton, rising by 2.8% against the previous year. In general, the import price for sweet biscuits, waffles and wafers continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the UK ($3,741 per ton), while Portugal ($2,437 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform