U.S. - Waffles And Wafers Without Chocolate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWaffle and Wafer Price in the United States - 2023
Contents:
- Waffle and Wafer Price in the United States (CIF) - 2023
- Waffle and Wafer Price in the United States (FOB) - 2023
- Waffle and Wafer Imports in the United States
- Waffle and Wafer Exports in the United States
Waffle and Wafer Price in the United States (CIF) - 2023
The average waffle and wafer import price stood at $6,908 per ton in August 2023, growing by 3.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 14% against the previous month. The import price peaked in August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($12,896 per ton), while the price for Costa Rica ($2,275 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Colombia (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Waffle and Wafer Price in the United States (FOB) - 2023
In August 2023, the average waffle and wafer export price amounted to $2,126 per ton, which is down by -7.1% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 14% month-to-month. Over the period under review, the average export prices hit record highs at $2,334 per ton in April 2023; however, from May 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Kuwait ($2,790 per ton), while the average price for exports to South Korea ($1,294 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Waffle and Wafer Imports in the United States
For the fourth year in a row, the United States recorded growth in overseas purchases of waffles and wafers, which increased by 7% to 149K tons in 2022. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, waffle and wafer imports surged to $875M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Waffle and Wafer in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 364 | 343 | 382 | 429 | 5.6% |
| Italy | 46.6 | 56.4 | 94.1 | 149 | 47.3% |
| Poland | 11.6 | 16.9 | 33.4 | 48.0 | 60.5% |
| Belgium | 25.1 | 27.9 | 41.2 | 38.7 | 15.5% |
| Germany | 20.2 | 17.9 | 24.6 | 32.5 | 17.2% |
| Mexico | 14.4 | 16.6 | 19.5 | 25.5 | 21.0% |
| Netherlands | 16.9 | 12.6 | 18.0 | 23.4 | 11.5% |
| Turkey | 5.6 | 8.8 | 9.6 | 14.2 | 36.4% |
| Brazil | 9.9 | 9.3 | 7.3 | 12.1 | 6.9% |
| Austria | 7.4 | 8.4 | 9.1 | 11.3 | 15.2% |
| Costa Rica | 3.4 | 4.8 | 4.8 | 6.5 | 24.1% |
| Colombia | 10.9 | 9.8 | 6.5 | 5.9 | -18.5% |
| Others | 54.7 | 49.7 | 61.3 | 78.3 | 12.7% |
| Total | 591 | 583 | 712 | 875 | 14.0% |
Top Suppliers of Waffle and Wafer to the United States in 2022:
- Canada (70.6K tons)
- Italy (17.4K tons)
- Mexico (8.5K tons)
- Belgium (7.7K tons)
- Poland (5.2K tons)
- Turkey (5.0K tons)
- Brazil (4.7K tons)
- Netherlands (4.2K tons)
- Costa Rica (3.3K tons)
- Germany (3.2K tons)
- Colombia (3.1K tons)
- Austria (2.2K tons)
Waffle and Wafer Exports in the United States
Waffle and wafer exports from the United States expanded sharply to 48K tons in 2022, growing by 11% on 2021 figures. The total export volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, waffle and wafer exports rose sharply to $106M in 2022. The total export value increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Waffle and Wafer in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 57.6 | 60.9 | 59.1 | 68.3 | 5.8% |
| Mexico | 13.1 | 13.1 | 14.1 | 16.9 | 8.9% |
| Australia | 1.8 | 1.4 | 1.7 | 2.5 | 11.6% |
| Saudi Arabia | 4.0 | 6.8 | 2.5 | 2.3 | -16.8% |
| Others | 13.2 | 12.9 | 14.9 | 15.7 | 6.0% |
| Total | 89.8 | 95.1 | 92.3 | 106 | 5.7% |
Top Export Markets for Waffle and Wafer from the United States in 2022:
- Canada (31.7K tons)
- Mexico (7.3K tons)
- Australia (1.1K tons)
- Saudi Arabia (0.9K tons)
This report provides an in-depth analysis of the waffle and wafer market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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American waffle and wafer imports reached $598M, the highest level ever. In physical terms, imports rose by +5.9% y-o-y to 123K tons in 2020. Canada remains the largest supplier of waffles and wafers to the U.S., comprising 55% of American import volume. Italy, Belgium, Turkey, Costa Rica, Austria and Mexico have boosted their exports to the U.S. In 2020, the average waffle and wafer import price amounted to $4,879 per ton, which was 4.5% down the figures of 2019.
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In Q1-Q3 2021, imports on the U.S. bread and bakery market reached 1.6M tons worth $5.6B, which was 13% more in physical terms and 21% higher in value terms than in the same period of the previous year. American imports are expected to surpass a $7.7B annual total, reaching the highest level ever. Mexico, Canada, Italy and India are the most significant bakery suppliers to the U.S. Fresh bread and bakery, followed by sweet biscuits and waffles, constitute the primary imported products.
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