Mexico - 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 Mexico - 2023
Contents:
- Price for Sweet Biscuit, Waffle and Wafer in Mexico (FOB) - 2023
- Price for Sweet Biscuit, Waffle and Wafer in Mexico (CIF) - 2023
- Exports of Sweet Biscuit, Waffle and Wafer in Mexico
- Imports of Sweet Biscuit, Waffle and Wafer in Mexico
Price for Sweet Biscuit, Waffle and Wafer in Mexico (FOB) - 2023
The average export price for sweet biscuits, waffles and wafers stood at $2,600 per ton in June 2023, declining by -5.6% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 33% m-o-m. Over the period under review, the average export prices attained the peak figure at $3,355 per ton in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In June 2023, the country with the highest price was Canada ($2,858 per ton), while the average price for exports to the United States amounted to $2,571 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 (+0.8%).
Price for Sweet Biscuit, Waffle and Wafer in Mexico (CIF) - 2023
The average import price for sweet biscuits, waffles and wafers stood at $5,892 per ton in June 2023, picking up by 32% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.6%. The import price peaked at $6,976 per ton in December 2022; however, from January 2023 to June 2023, import prices stood at a somewhat 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 Canada ($11,693 per ton), while the price for Guatemala ($3,345 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 Spain (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sweet Biscuit, Waffle and Wafer in Mexico
In 2022, approx. 444K tons of sweet biscuits, waffles and wafers were exported from Mexico; with an increase of 2% compared with the previous year. Overall, exports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 69%. 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 $1.2B in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 +59.4% against 2019 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 Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 685 | 755 | 903 | 1,125 | 18.0% |
| Canada | 29.3 | 31.5 | 31.3 | 28.9 | -0.5% |
| Guatemala | 8.4 | 6.7 | 9.2 | 12.3 | 13.6% |
| Others | 27.1 | 23.7 | 22.7 | 29.7 | 3.1% |
| Total | 750 | 817 | 966 | 1,196 | 16.8% |
Top Export Markets for Sweet Biscuit, Waffle and Wafer from Mexico in 2022:
- United States (420.0K tons)
- Guatemala (7.4K tons)
- Canada (7.1K tons)
Imports of Sweet Biscuit, Waffle and Wafer in Mexico
In 2022, imports of sweet biscuits, waffles and wafers into Mexico expanded sharply to 31K tons, picking up by 8.9% on 2021. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sweet biscuit, waffle and wafer imports skyrocketed to $170M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed 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 Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 52.7 | 48.4 | 61.4 | 71.8 | 10.9% |
| United States | 46.5 | 45.4 | 49.9 | 56.1 | 6.5% |
| Spain | 2.8 | 4.6 | 5.2 | 14.8 | 74.2% |
| Italy | 6.6 | 5.2 | 8.8 | 10.5 | 16.7% |
| China | 4.6 | 6.0 | 7.6 | 4.7 | 0.7% |
| Guatemala | 3.1 | 1.7 | 2.8 | 2.8 | -3.3% |
| Brazil | 7.1 | 5.6 | 1.8 | 1.3 | -43.2% |
| India | 1.6 | 1.8 | N/A | 0.3 | -42.8% |
| Indonesia | 6.1 | 6.2 | 0.2 | N/A | -81.9% |
| Others | 18.2 | 15.1 | 7.3 | 7.2 | -26.6% |
| Total | 149 | 140 | 145 | 170 | 4.5% |
Top Suppliers of Sweet Biscuit, Waffle and Wafer to Mexico in 2022:
- United States (14.7K tons)
- Canada (6.4K tons)
- Spain (4.7K tons)
- Italy (1.4K tons)
- China (1.3K tons)
- Guatemala (1.1K tons)
- Brazil (0.3K tons)
- India (0.2K tons)
This report provides an in-depth analysis of the market for sweet biscuit, waffle and wafer in Mexico. 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:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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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In July 2022, the waffle and wafer price amounted to $8,288 per ton (CIF, Mexico), growing by 45% against the previous month.
104
The growth pace of Sweet Biscuit was the most rapid in September 2023 with a month-on-month increase of 12%. In value terms, sweet biscuit exports declined to $102M in December 2023.
250
In July 2022, the sweet biscuit price amounted to $2,675 per ton (FOB, Mexico), growing by 13% against the previous month.
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