ECOWAS: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in ECOWAS

The ECOWAS market for gingerbread, sweet biscuits and waffles contracted slightly to $X in 2023, remaining constant against the previous year. The total consumption indicated notable growth 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2023.

Production of Gingerbread, Sweet Biscuits and Waffles in ECOWAS

In value terms, gingerbread, sweet biscuit and waffle production dropped modestly to $X in 2023 estimated in export price. The total production indicated a perceptible increase from 2012 to 2023: its value 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2023.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in ECOWAS

After four years of growth, overseas shipments of gingerbread, sweet biscuits and waffles decreased by X% to X tons in 2023. Total exports indicated a notable increase from 2012 to 2023: its volume 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 increased by X% against 2017 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, the exports reached the maximum at X tons in 2022, and then contracted in the following year.

In value terms, gingerbread, sweet biscuit and waffle exports reduced to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then contracted slightly in the following year.

Exports by Country

Senegal was the main exporter of gingerbread, sweet biscuits and waffles in ECOWAS, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by Ghana (X tons) and Cote d'Ivoire (X tons), together making up a X% share of total exports. Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ghana (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Senegal ($X), Ghana ($X) and Nigeria ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Ghana, 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 mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in ECOWAS

In 2023, gingerbread, sweet biscuit and waffle imports in ECOWAS rose modestly to X tons, increasing by X% against 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle imports expanded to $X in 2023. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Cote d'Ivoire (X tons), Senegal (X tons), Ghana (X tons), Guinea (X tons), Benin (X tons), Togo (X tons), Nigeria (X tons), Burkina Faso (X tons), Mali (X tons), Liberia (X tons), Gambia (X tons) and Niger (X tons) was the largest importer of gingerbread, sweet biscuits and waffles in ECOWAS, generating X% of total import.

From 2012 to 2023, the biggest increases were recorded for Togo (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Senegal ($X) and Ghana ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Guinea, Liberia, Mali, Nigeria, Gambia, Benin, Niger, Togo and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Togo, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 ECOWAS amounted to $X per ton, falling by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform