Philippines - Gingerbread, Sweet Biscuits And Waffles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Gingerbread, Sweet Biscuit and Waffle in the Philippines - 2023
Contents:
- Price for Gingerbread, Sweet Biscuit and Waffle in the Philippines (CIF) - 2023
- Price for Gingerbread, Sweet Biscuit and Waffle in the Philippines (FOB) - 2023
- Imports of Gingerbread, Sweet Biscuit and Waffle in the Philippines
- Exports of Gingerbread, Sweet Biscuit and Waffle in the Philippines
Price for Gingerbread, Sweet Biscuit and Waffle in the Philippines (CIF) - 2023
The average import price for gingerbread, sweet biscuits and waffles stood at $3,030 per ton in July 2023, increasing by 6.7% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 20% month-to-month. The import price peaked in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($5,616 per ton), while the price for South Korea ($634 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Gingerbread, Sweet Biscuit and Waffle in the Philippines (FOB) - 2023
In July 2023, the average export price for gingerbread, sweet biscuits and waffles amounted to $3,135 per ton, remaining relatively unchanged against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in September 2022 when the average export price increased by 35% against the previous month. As a result, the export price reached the peak level of $3,820 per ton. From October 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Qatar ($3,504 per ton), while the average price for exports to China ($1,962 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guam (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Gingerbread, Sweet Biscuit and Waffle in the Philippines
After two years of decline, purchases abroad of gingerbread, sweet biscuits and waffles increased by 35% to 64K tons in 2022. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, gingerbread, sweet biscuit and waffle imports soared to $179M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Gingerbread, Sweet Biscuit and Waffle in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 84.5 | 76.4 | 59.1 | 99.3 | 5.5% |
| China | 24.3 | 25.5 | 22.5 | 27.2 | 3.8% |
| Thailand | 6.7 | 9.4 | 7.7 | 11.6 | 20.1% |
| Malaysia | 9.4 | 7.3 | 6.6 | 10.3 | 3.1% |
| Italy | 2.6 | 2.6 | 2.4 | 4.8 | 22.7% |
| Vietnam | 4.5 | 5.6 | 1.6 | 2.9 | -13.6% |
| United States | 1.1 | 1.7 | 2.3 | 2.8 | 36.5% |
| Bangladesh | 0.1 | 0.2 | 2.1 | 2.1 | 175.9% |
| Others | 7.5 | 8.0 | 9.3 | 18.4 | 34.9% |
| Total | 141 | 137 | 114 | 179 | 8.3% |
Top Suppliers of Gingerbread, Sweet Biscuit and Waffle to the Philippines in 2022:
- Indonesia (37.4K tons)
- China (9.2K tons)
- Thailand (3.7K tons)
- Malaysia (2.2K tons)
- United States (1.6K tons)
- Italy (1.1K tons)
- Bangladesh (1.0K tons)
- Vietnam (0.8K tons)
Exports of Gingerbread, Sweet Biscuit and Waffle in the Philippines
In 2022, gingerbread, sweet biscuit and waffle exports from the Philippines soared to 5.4K tons, picking up by 28% compared with the previous year's figure. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, gingerbread, sweet biscuit and waffle exports skyrocketed to $16M in 2022. In general, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 63% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Gingerbread, Sweet Biscuit and Waffle in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 742 | 742 | 1,490 | 2,231 | 44.3% |
| United Arab Emirates | 1,178 | 470 | 733 | 1,602 | 10.8% |
| United States | 1,214 | 932 | 977 | 1,490 | 7.1% |
| Taiwan (Chinese) | 2,585 | 368 | 215 | 1,455 | -17.4% |
| Thailand | N/A | 58.3 | 92.1 | 1,342 | 379.8% |
| Canada | 1,048 | 526 | 1,158 | 1,282 | 6.9% |
| Hong Kong SAR | 57.5 | 347 | 940 | 655 | 125.0% |
| Saudi Arabia | 129 | 200 | 432 | 621 | 68.8% |
| South Korea | 3,589 | 407 | 423 | 492 | -48.4% |
| Kuwait | 183 | 267 | 383 | 404 | 30.2% |
| Samoa | 157 | 81.0 | 196 | 381 | 34.4% |
| Papua New Guinea | 183 | 201 | 183 | 369 | 26.3% |
| Qatar | 32.5 | 119 | 225 | 287 | 106.7% |
| Others | 2,319 | 1,855 | 3,246 | 3,021 | 9.2% |
| Total | 13,416 | 6,572 | 10,693 | 15,633 | 5.2% |
Top Export Markets for Gingerbread, Sweet Biscuit and Waffle from the Philippines in 2022:
- Malaysia (943.7 tons)
- Taiwan (Chinese) (508.1 tons)
- United Arab Emirates (506.5 tons)
- Thailand (436.5 tons)
- United States (418.5 tons)
- Canada (386.2 tons)
- Hong Kong SAR (282.4 tons)
- Saudi Arabia (215.8 tons)
- South Korea (163.5 tons)
- Samoa (144.9 tons)
- Kuwait (133.3 tons)
- Papua New Guinea (133.0 tons)
- Qatar (96.1 tons)
This report provides an in-depth analysis of the market for gingerbread, sweet biscuit and waffle in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10721230 - Gingerbread and the like
- Prodcom 10721253 - Sweet biscuits, waffles and wafers completely or partially coated or covered with chocolate or other preparations containing cocoa
- Prodcom 10721255 - Sweet biscuits (including sandwich biscuits, excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
- Prodcom 10721257 - Waffles and wafers with a water content > .10 % by weight of the finished product (excluding ice cream cornets, s andwiched waffles, other similar products)
- Prodcom 10721259 - Waffles and wafers (including salted) (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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