Bangladesh: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Bangladesh

The Bangladeshi market for sweet biscuits, waffles and wafers reduced modestly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, posted a resilient increase. Sweet biscuit, waffle and wafer consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Sweet Biscuits, Waffles and Wafers in Bangladesh

In value terms, sweet biscuit, waffle and wafer production contracted modestly to $X in 2022 estimated in export price. In general, production, however, showed prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Bangladesh

In 2022, overseas shipments of sweet biscuits, waffles and wafers decreased by X% to X tons for the first time since 2013, thus ending a eight-year rising trend. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank remarkably in the following year.

In value terms, sweet biscuit, waffle and wafer exports contracted to $X in 2022. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

The United Arab Emirates (X tons), Oman (X tons) and the Philippines (X tons) were the main destinations of sweet biscuit, waffle and wafer exports from Bangladesh, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), the Philippines ($X) and India ($X) constituted the largest markets for sweet biscuit, waffle and wafer exported from Bangladesh worldwide, with a combined X% share of total exports.

Among the main countries of destination, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% 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 near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Oman ($X 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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Bangladesh

In 2022, approx. X tons of sweet biscuits, waffles and wafers were imported into Bangladesh; increasing by X% on the previous year. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, sweet biscuit, waffle and wafer imports expanded rapidly to $X in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

India (X tons), Malaysia (X tons) and the United Arab Emirates (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Bangladesh, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit, waffle and wafer suppliers to Bangladesh were India ($X), Malaysia ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :