Mexico - Waffles And Wafers Without Chocolate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWaffle and Wafer Price in Mexico - 2023
Contents:
- Waffle and Wafer Price in Mexico (CIF) - 2023
- Waffle and Wafer Price in Mexico (FOB) - 2023
- Waffle and Wafer Imports in Mexico
- Waffle and Wafer Exports in Mexico
Waffle and Wafer Price in Mexico (CIF) - 2023
The average waffle and wafer import price stood at $7,925 per ton in June 2023, increasing by 6.2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.7%. The pace of growth was the most pronounced in July 2022 an increase of 45% m-o-m. Over the period under review, average import prices reached the peak figure at $10,219 per ton in December 2022; however, from January 2023 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($15,164 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 Belgium (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Waffle and Wafer Price in Mexico (FOB) - 2023
In June 2023, the average waffle and wafer export price amounted to $6,063 per ton, which is down by -7.6% against the previous month. Over the period under review, export price indicated temperate growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, waffle and wafer export price decreased by -8.8% against April 2023 indices. The most prominent rate of growth was recorded in September 2022 an increase of 54% month-to-month. As a result, the export price reached the peak level of $8,686 per ton. From October 2022 to June 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was El Salvador ($12,193 per ton), while the average price for exports to Honduras ($3,459 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Waffle and Wafer Imports in Mexico
In 2022, overseas purchases of waffles and wafers were finally on the rise to reach 18K tons after two years of decline. Overall, imports, however, saw a abrupt curtailment.
In value terms, waffle and wafer imports soared to $101M in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Waffle and Wafer in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 49.6 | 44.9 | 57.1 | 66.0 | 10.0% |
| United States | 13.6 | 13.0 | 14.1 | 16.9 | 7.5% |
| Italy | 5.5 | 4.8 | 7.9 | 8.9 | 17.4% |
| Spain | 0.7 | 0.5 | 0.4 | 4.5 | 85.9% |
| Guatemala | 2.7 | 1.5 | 2.8 | 2.8 | 1.2% |
| Brazil | 7.1 | 5.6 | 1.6 | 1.1 | -46.3% |
| Indonesia | 6.0 | 6.1 | 0.2 | N/A | -81.7% |
| Poland | 2.8 | 4.0 | N/A | N/A | 42.9% |
| Others | 3.1 | 5.0 | 3.3 | 0.7 | -39.1% |
| Total | 91.2 | 85.4 | 87.4 | 101 | 3.5% |
Top Suppliers of Waffle and Wafer to Mexico in 2022:
- Canada (10.9K tons)
- United States (4.5K tons)
- Italy (1.2K tons)
- Guatemala (1.1K tons)
- Spain (0.4K tons)
- Brazil (0.3K tons)
Waffle and Wafer Exports in Mexico
In 2022, after three years of growth, there was significant decline in overseas shipments of waffles and wafers, when their volume decreased by -8.8% to 5.6K tons. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 7.2% against the previous year. As a result, the exports reached the peak of 6.2K tons, and then contracted in the following year.
In value terms, waffle and wafer exports rose rapidly to $28M in 2022. The total export value increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Waffle and Wafer in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.0 | 16.9 | 17.5 | 18.3 | 6.9% |
| Guatemala | 1.4 | 1.2 | 1.6 | 2.4 | 19.7% |
| Costa Rica | 1.3 | 1.2 | 1.7 | 1.9 | 13.5% |
| Panama | 1.8 | 1.3 | 1.7 | 1.8 | 0.0% |
| Honduras | 0.9 | 0.9 | 1.4 | 1.6 | 21.1% |
| El Salvador | 0.7 | 0.7 | 0.9 | 1.2 | 19.7% |
| Canada | 1.2 | 1.6 | N/A | N/A | 33.3% |
| Others | 0.8 | 0.4 | 0.2 | 0.4 | -20.6% |
| Total | 23.0 | 24.2 | 25.0 | 27.6 | 6.3% |
Top Export Markets for Waffle and Wafer from Mexico in 2022:
- United States (3953.8 tons)
- Honduras (416.3 tons)
- Guatemala (397.1 tons)
- Panama (337.6 tons)
- El Salvador (229.1 tons)
- Costa Rica (211.8 tons)
This report provides an in-depth analysis of the waffle and wafer market 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 10721259 - Waffles and wafers (including salted) (excluding those 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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