CIS: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in CIS

The CIS market for gingerbread, sweet biscuits and waffles reached $X in 2023, rising by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in CIS

In value terms, gingerbread, sweet biscuit and waffle production rose to $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in CIS

In 2023, shipments abroad of gingerbread, sweet biscuits and waffles decreased by X% to X tons for the first time since 2011, thus ending a eleven-year rising trend. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2022, and then dropped modestly in the following year.

In value terms, gingerbread, sweet biscuit and waffle exports rose sharply to $X in 2023. Total exports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Russia dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Uzbekistan (X tons), comprising a X% share of total exports. The following exporters - Moldova (X tons), Kazakhstan (X tons) and Belarus (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to gingerbread, sweet biscuit and waffle exports from Russia stood at X%. At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. Belarus experienced a relatively flat trend pattern. By contrast, Moldova (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) and Russia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kazakhstan (X p.p.), Belarus (X p.p.) and Moldova (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest gingerbread, sweet biscuit and waffle supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Moldova ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Moldova (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the export price, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in CIS

In 2023, overseas purchases of gingerbread, sweet biscuits and waffles increased by X% to X tons, rising for the seventh consecutive year after three years of decline. Total imports indicated a tangible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are likely to continue growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle imports expanded notably to $X in 2023. Total imports indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are likely to see steady growth in the near future.

Imports by Country

In 2023, Kyrgyzstan (X tons), distantly followed by Kazakhstan (X tons), Russia (X tons), Azerbaijan (X tons), Uzbekistan (X tons), Belarus (X tons) and Tajikistan (X tons) were the major importers of gingerbread, sweet biscuits and waffles, together creating X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Kazakhstan ($X) and Azerbaijan ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Belarus, Uzbekistan, Kyrgyzstan and Tajikistan lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a slight decline. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Russia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform