Vietnam - Waffles And Wafers Without Chocolate - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Vietnam - Waffles And Wafers Without Chocolate - Market Analysis, Forecast, Size, Trends And Insights

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Waffle and Wafer Price in Vietnam - 2021

Contents:

  1. Waffle and Wafer Price in Vietnam (CIF) - 2022
  2. Waffle and Wafer Price in Vietnam (FOB) - 2022
  3. Waffle and Wafer Imports in Vietnam
  4. Waffle and Wafer Exports in Vietnam

Waffle and Wafer Price in Vietnam (CIF) - 2022

In 2022, the average waffle and wafer import price amounted to $3,975 per ton, dropping by -4.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2013 an increase of 39%. Over the period under review, average import prices reached the maximum at $4,324 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($3,979 per ton) and China ($3,864 per ton), while the price for Malaysia ($3,686 per ton) and Thailand ($3,689 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Waffle and Wafer Price in Vietnam (FOB) - 2022

The average waffle and wafer export price stood at $2,893 per ton in 2022, with a decrease of -9.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 19%. As a result, the export price attained the peak level of $3,197 per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($4,541 per ton), while the average price for exports to Iran ($1,233 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 Iran (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Waffle and Wafer Imports in Vietnam

In 2022, waffle and wafer imports into Vietnam was estimated at 12K tons, therefore, remained relatively stable against the previous year. Overall, imports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 1% against the previous year.

In value terms, waffle and wafer imports fell slightly to $47M in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 9%. As a result, imports attained the peak of $49M, and then contracted slightly in the following year.

Import of Waffle and Wafer in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia28.731.935.632.64.3%
Malaysia7.15.14.55.0-11.0%
China3.64.24.13.70.9%
Thailand4.02.22.62.7-12.3%
South Korea0.70.70.90.6-5.0%
Others1.71.11.62.615.2%
Total45.845.249.347.31.1%

Top Suppliers of Waffle and Wafer to Vietnam in 2022:

  1. Indonesia (8.2K tons)
  2. Malaysia (1.4K tons)
  3. China (1.0K tons)
  4. Thailand (0.7K tons)
  5. South Korea (0.1K tons)

Waffle and Wafer Exports in Vietnam

Waffle and wafer exports from Vietnam skyrocketed to 1.9K tons in 2022, growing by 28% against the previous year. Over the period under review, exports, however, showed a mild decrease.

In value terms, waffle and wafer exports surged to $5.5M in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 33%. As a result, the exports reached the peak of $6.3M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Waffle and Wafer in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Philippines4227738112,12671.4%
China9671,2501,224945-0.8%
South Korea473686532433-2.9%
Cambodia791755292372-22.2%
Lao People's Democratic Republic537775316332-14.8%
Malaysia32.724632425097.0%
Angola1632041801660.6%
Singapore15115990.0136-3.4%
United States55.414612293.419.0%
Hong Kong SAR15176.857.144.3-33.6%
Myanmar20313682.927.5-48.6%
Others7821,086771624-7.2%
Total4,7296,2934,8025,5485.5%

Top Export Markets for Waffle and Wafer from Vietnam in 2022:

  1. Philippines (806.8 tons)
  2. China (312.4 tons)
  3. South Korea (153.4 tons)
  4. Cambodia (117.2 tons)
  5. Lao People's Democratic Republic (104.6 tons)
  6. Malaysia (82.6 tons)
  7. Angola (54.5 tons)
  8. United States (30.1 tons)
  9. Singapore (29.9 tons)
  10. Hong Kong SAR (13.9 tons)
  11. Myanmar (8.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the waffle and wafer market in Vietnam. 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:

  • Vietnam

Data coverage:

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