Canada - Sweet Biscuits, Waffles And Wafers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sweet Biscuit, Waffle and Wafer in Canada - 2023
Contents:
- Price for Sweet Biscuit, Waffle and Wafer in Canada (FOB) - 2023
- Price for Sweet Biscuit, Waffle and Wafer in Canada (CIF) - 2023
- Exports of Sweet Biscuit, Waffle and Wafer in Canada
- Imports of Sweet Biscuit, Waffle and Wafer in Canada
Price for Sweet Biscuit, Waffle and Wafer in Canada (FOB) - 2023
In June 2023, the average export price for sweet biscuits, waffles and wafers amounted to $5,751 per ton, surging by 3.3% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in September 2022 when the average export price increased by 8.6% m-o-m. Over the period under review, the average export prices reached the maximum at $6,429 per ton in October 2022; however, from November 2022 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In June 2023, the country with the highest price was Mexico ($6,574 per ton), while the average price for exports to the United States totaled $5,738 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.3%).
Price for Sweet Biscuit, Waffle and Wafer in Canada (CIF) - 2023
In June 2023, the average import price for sweet biscuits, waffles and wafers amounted to $4,054 per ton, surging by 6.4% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 23% month-to-month. The import price peaked at $4,646 per ton in October 2022; however, from November 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Belgium ($7,313 per ton), while the price for Portugal ($1,290 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the UK (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sweet Biscuit, Waffle and Wafer in Canada
Sweet biscuit, waffle and wafer exports from Canada rose remarkably to 189K tons in 2022, growing by 8.6% against the previous year's figure. The total export volume increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, sweet biscuit, waffle and wafer exports soared to $1.1B in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sweet Biscuit, Waffle and Wafer in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 755 | 695 | 855 | 1,052 | 11.7% |
| Mexico | 5.5 | 2.0 | 2.7 | 34.2 | 83.9% |
| Others | 9.1 | 9.0 | 9.4 | 14.4 | 16.5% |
| Total | 769 | 706 | 867 | 1,100 | 12.7% |
Top Export Markets for Sweet Biscuit, Waffle and Wafer from Canada in 2022:
- United States (182.4K tons)
- Mexico (3.9K tons)
Imports of Sweet Biscuit, Waffle and Wafer in Canada
Sweet biscuit, waffle and wafer imports into Canada expanded notably to 104K tons in 2022, growing by 6.8% on the previous year's figure. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat 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, sweet biscuit, waffle and wafer imports soared to $419M in 2022. The total import value increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sweet Biscuit, Waffle and Wafer in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 166 | 140 | 153 | 182 | 3.1% |
| Mexico | 27.3 | 28.3 | 32.4 | 40.7 | 14.2% |
| Italy | 16.5 | 15.4 | 20.9 | 24.6 | 14.2% |
| United Kingdom | 24.3 | 17.3 | 22.0 | 24.0 | -0.4% |
| Belgium | 20.0 | 16.8 | 21.4 | 23.3 | 5.2% |
| India | 7.1 | 10.3 | 9.6 | 12.3 | 20.1% |
| United Arab Emirates | 2.1 | 6.7 | 7.8 | 9.6 | 66.0% |
| Poland | 3.5 | 5.2 | 7.6 | 9.0 | 37.0% |
| Turkey | 4.6 | 5.4 | 5.6 | 7.7 | 18.7% |
| Germany | 8.9 | 6.0 | 5.3 | 7.0 | -7.7% |
| Others | 62.7 | 72.5 | 75.0 | 78.6 | 7.8% |
| Total | 343 | 323 | 361 | 419 | 6.9% |
Top Suppliers of Sweet Biscuit, Waffle and Wafer to Canada in 2022:
- United States (48.1K tons)
- Mexico (13.5K tons)
- Italy (5.1K tons)
- India (5.0K tons)
- United Kingdom (4.6K tons)
- Belgium (3.7K tons)
- Turkey (2.2K tons)
- United Arab Emirates (1.8K tons)
- Poland (1.8K tons)
- Germany (1.5K tons)
This report provides an in-depth analysis of the market for sweet biscuit, waffle and wafer in Canada. 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 10721253 - Sweet biscuits, waffles and wafers completely or partially coated or covered with chocolate or other preparations containing cocoa
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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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As of June 2023, the price of Waffle and Wafer reached $6,228 per ton (FOB, Canada), showing a 3.2% increase compared to the previous month.
114
The most significant growth rate was observed in August 2023, with a 28% increase compared to the previous month. Sweet Biscuit exports surged to $61M in October 2023.
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The Gingerbread exports reached a peak of 19K tons in 2022, but experienced a sharp decline in the following year. In terms of value, Gingerbread exports decreased significantly to $80M in 2023.
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In February 2023, the gingerbread price amounted to $7,300 per ton (FOB, Canada), remaining stable against the previous month.
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