Sri Lanka - Sweet Biscuits, Waffles And Wafers - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Sri Lanka - Sweet Biscuits, Waffles And Wafers - Market Analysis, Forecast, Size, Trends And Insights

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Price for Sweet Biscuit, Waffle and Wafer in Sri Lanka - 2021

Contents:

  1. Price for Sweet Biscuit, Waffle and Wafer in Sri Lanka (FOB) - 2022
  2. Price for Sweet Biscuit, Waffle and Wafer in Sri Lanka (CIF) - 2022
  3. Exports of Sweet Biscuit, Waffle and Wafer in Sri Lanka
  4. Imports of Sweet Biscuit, Waffle and Wafer in Sri Lanka

Price for Sweet Biscuit, Waffle and Wafer in Sri Lanka (FOB) - 2022

The average export price for sweet biscuits, waffles and wafers stood at $2,390 per ton in 2022, surging by 16% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sweet biscuit, waffle and wafer export price increased by +109.3% against 2018 indices. The growth pace was the most rapid in 2021 an increase of 50% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($4,569 per ton), while the average price for exports to Sierra Leone ($1,396 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Sweet Biscuit, Waffle and Wafer in Sri Lanka (CIF) - 2022

In 2022, the average import price for sweet biscuits, waffles and wafers amounted to $2,119 per ton, dropping by -35.5% against the previous year. In general, the import price recorded a perceptible decline. The pace of growth was the most pronounced in 2019 when the average import price increased by 115%. The import price peaked at $4,768 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($8,047 per ton), while the price for Pakistan ($692 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Sweet Biscuit, Waffle and Wafer in Sri Lanka

In 2022, approx. 8.4K tons of sweet biscuits, waffles and wafers were exported from Sri Lanka; leveling off at 2021 figures. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 83% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, sweet biscuit, waffle and wafer exports skyrocketed to $20M in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 173%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Sweet Biscuit, Waffle and Wafer in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ghana2,1371,2764,1253,37716.5%
Maldives1,1907171,9343,26440.0%
Liberia69.239.65901,659188.3%
United Kingdom6054769871,05920.5%
Sierra Leone3852638791,03939.2%
Qatar49642170895424.4%
Gambia20024182981960.0%
United States44527676677020.1%
Guinea-Bissau19060.351164150.0%
Canada31432764956521.6%
United Arab Emirates24117941254631.3%
BeninN/A12.264.5409479.0%
Netherlands95.631.313237758.0%
Others2,3572,0324,7834,64825.4%
Total8,7246,35117,36920,12732.1%

Top Export Markets for Sweet Biscuit, Waffle and Wafer from Sri Lanka in 2022:

  1. Ghana (1306.0 tons)
  2. Liberia (797.6 tons)
  3. Sierra Leone (744.2 tons)
  4. Maldives (714.2 tons)
  5. United Kingdom (533.3 tons)
  6. Qatar (423.1 tons)
  7. Gambia (410.3 tons)
  8. United States (351.5 tons)
  9. Guinea-Bissau (296.1 tons)
  10. Canada (279.8 tons)
  11. Benin (218.8 tons)
  12. United Arab Emirates (179.0 tons)
  13. Netherlands (163.1 tons)

Imports of Sweet Biscuit, Waffle and Wafer in Sri Lanka

In 2022, imports of sweet biscuits, waffles and wafers into Sri Lanka dropped rapidly to 124 tons, falling by -21.9% against 2021 figures. In general, imports faced a sharp slump. The growth pace was the most rapid in 2021 when imports increased by 96%.

In value terms, sweet biscuit, waffle and wafer imports declined notably to $263K in 2022. Overall, imports faced a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year.

Import of Sweet Biscuit, Waffle and Wafer in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia41.910569.497.832.7%
Italy95.010.22.248.9-19.9%
TurkeyN/AN/A29.936.321.4%
United Kingdom29.46.814.020.5-11.3%
India16.81.23.920.46.7%
United Arab Emirates25921433918.5-58.5%
China17.10.12.47.4-24.4%
Pakistan4.20.30.16.616.3%
Indonesia16813.741.20.1-91.6%
Denmark55.40.2N/AN/A-99.6%
Others81.135.021.47.0-55.8%
Total768387524263-30.0%

Top Suppliers of Sweet Biscuit, Waffle and Wafer to Sri Lanka in 2022:

  1. Indonesia (undefined tons)
  2. Turkey (42.4 tons)
  3. India (21.1 tons)
  4. Malaysia (21.1 tons)
  5. China (10.0 tons)
  6. Pakistan (9.5 tons)
  7. United Arab Emirates (7.4 tons)
  8. Italy (6.1 tons)
  9. United Kingdom (4.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for sweet biscuit, waffle and wafer in Sri Lanka. 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:

  • Sri Lanka

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Sri Lanka
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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