CIS: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in CIS

The CIS market for sweet biscuits, waffles and wafers fell to $X in 2022, which is down by X% against the previous year. In general, consumption showed a mild descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Sweet Biscuits, Waffles and Wafers in CIS

In value terms, sweet biscuit, waffle and wafer production shrank modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a mild slump. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Sweet Biscuits, Waffles and Wafers

Exports in CIS

In 2022, sweet biscuit, waffle and wafer exports in the CIS reached X tons, growing by X% against the previous year. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, sweet biscuit, waffle and wafer exports shrank to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Russia prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Kazakhstan (X tons) took the second position in the ranking, followed by Uzbekistan (X tons). All these countries together took approx. X% share of total exports. Moldova (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sweet biscuit, waffle and wafer 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 2012-2022. Moldova experienced a relatively flat trend pattern. While the share of Uzbekistan (X p.p.) and Russia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Moldova (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Moldova (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price saw a perceptible decrease. The growth pace was the most rapid in 2019 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

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

Imports of Sweet Biscuits, Waffles and Wafers

Imports in CIS

In 2022, approx. X tons of sweet biscuits, waffles and wafers were imported in the CIS; with a decrease of X% compared with the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, sweet biscuit, waffle and wafer imports reduced to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Kazakhstan (X tons) and Russia (X tons) were the key importers of sweet biscuits, waffles and wafers in 2022, reaching near X% and X% of total imports, respectively. It was distantly followed by Kyrgyzstan (X tons), Azerbaijan (X tons), Tajikistan (X tons) and Uzbekistan (X tons), together generating a X% share of total imports. The following importers - Belarus (X tons) and Moldova (X tons) - each accounted for a X% share of total imports.

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

In value terms, Russia ($X), Kazakhstan ($X) and Azerbaijan ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Uzbekistan, Kyrgyzstan, Tajikistan, Moldova and Belarus lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, 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

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