Philippines - Waffles And Wafers Without Chocolate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWaffle and Wafer Price in the Philippines - 2023
Contents:
- Waffle and Wafer Price in the Philippines (CIF) - 2023
- Waffle and Wafer Price in the Philippines (FOB) - 2023
- Waffle and Wafer Imports in the Philippines
- Waffle and Wafer Exports in the Philippines
Waffle and Wafer Price in the Philippines (CIF) - 2023
The average waffle and wafer import price stood at $3,065 per ton in June 2023, dropping by -1.5% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 15% against the previous month. As a result, import price reached the peak level of $3,174 per ton. From March 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($5,520 per ton), while the price for Indonesia ($2,954 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 Malaysia (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Waffle and Wafer Price in the Philippines (FOB) - 2023
The average waffle and wafer export price stood at $3,276 per ton in June 2023, approximately equating the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 39% against the previous month. As a result, the export price reached the peak level of $4,363 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 Qatar ($4,093 per ton), while the average price for exports to American Samoa ($1,404 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 Canada (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Waffle and Wafer Imports in the Philippines
After two years of decline, supplies from abroad of waffles and wafers increased by 39% to 33K tons in 2022. Overall, imports, however, recorded a pronounced decline.
In value terms, waffle and wafer imports surged to $97M in 2022. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Waffle and Wafer in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 60.6 | 50.5 | 36.6 | 54.7 | -3.4% |
| China | 23.0 | 24.5 | 19.9 | 25.9 | 4.0% |
| Malaysia | 5.3 | 3.5 | 3.3 | 5.8 | 3.1% |
| Italy | 2.2 | 2.5 | 2.3 | 4.7 | 28.8% |
| Vietnam | 2.2 | 1.9 | 0.6 | 2.6 | 5.7% |
| Germany | 0.2 | 0.4 | 0.5 | 0.9 | 65.1% |
| Others | 2.6 | 2.2 | 1.6 | 2.7 | 1.3% |
| Total | 96.1 | 85.6 | 64.8 | 97.3 | 0.4% |
Top Suppliers of Waffle and Wafer to the Philippines in 2022:
- Indonesia (19.6K tons)
- China (8.8K tons)
- Malaysia (1.2K tons)
- Italy (1.0K tons)
- Vietnam (0.7K tons)
- Germany (0.7K tons)
Waffle and Wafer Exports in the Philippines
In 2022, the amount of waffles and wafers exported from the Philippines surged to 1.5K tons, growing by 82% compared with 2021. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 176%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, waffle and wafer exports surged to $4.7M in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 184%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Waffle and Wafer in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | 58.3 | 68.3 | 1,342 | 379.8% |
| Taiwan (Chinese) | 92.6 | 61.6 | 28.1 | 1,129 | 130.2% |
| Canada | 166 | 195 | 534 | 434 | 37.8% |
| South Korea | N/A | 49.6 | 177 | 363 | 170.5% |
| United Arab Emirates | 63.4 | 70.7 | 123 | 258 | 59.7% |
| United Kingdom | 29.0 | 21.0 | 311 | 153 | 74.1% |
| Japan | 40.9 | 42.7 | 81.4 | 128 | 46.3% |
| United States | 21.2 | 27.6 | 44.0 | 109 | 72.6% |
| Australia | 37.6 | 39.5 | 135 | 102 | 39.5% |
| New Zealand | 16.8 | 35.5 | 121 | 99.4 | 80.9% |
| Myanmar | 97.1 | 26.7 | 4.9 | 69.7 | -10.5% |
| American Samoa | N/A | 13.0 | 105 | 64.2 | 122.2% |
| Micronesia | N/A | 1.7 | 44.4 | 38.1 | 373.4% |
| Others | 451 | 205 | 629 | 414 | -2.8% |
| Total | 1,015 | 848 | 2,405 | 4,705 | 66.7% |
Top Export Markets for Waffle and Wafer from the Philippines in 2022:
- Thailand (436.5 tons)
- Taiwan (Chinese) (359.4 tons)
- Canada (144.9 tons)
- South Korea (115.7 tons)
- United Arab Emirates (88.8 tons)
- United Kingdom (55.0 tons)
- Micronesia (32.6 tons)
- United States (32.3 tons)
- Japan (28.1 tons)
- American Samoa (27.7 tons)
- New Zealand (27.3 tons)
- Australia (27.2 tons)
- Myanmar (24.4 tons)
This report provides an in-depth analysis of the waffle and wafer market 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 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
-
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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