France: Waffle And Wafer Market 2023

Waffle And Wafer Market Size in France

The French waffle and wafer market was estimated at $X in 2021, growing by 10% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.4% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Waffle And Wafer Production in France

In value terms, waffle and wafer production rose markedly to $X in 2021 estimated in export price. Overall, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 44% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Waffle And Wafer Exports

Exports from France

In 2021, shipments abroad of waffles and wafers decreased by -0.8% to X tons, falling for the fourth year in a row after two years of growth. In general, exports showed a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 3% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, waffle and wafer exports declined modestly to $X in 2021. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by 9.8% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for waffle and wafer exports from France, accounting for a 36% share of total exports. Moreover, waffle and wafer exports to Belgium exceeded the volume sent to the second major destination, Romania (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at -9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+57.5% per year) and Spain (-5.1% per year).

In value terms, Belgium ($X) remains the key foreign market for waffles and wafers exports from France, comprising 35% of total exports. The second position in the ranking was held by Romania ($X), with a 16% share of total exports. It was followed by Spain, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Belgium stood at -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+70.9% per year) and Spain (+0.1% per year).

Export Prices by Country

The average waffle and wafer export price stood at $X per ton in 2021, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 21%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Gabon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Waffle And Wafer Imports

Imports into France

In 2021, approx. X tons of waffles and wafers were imported into France; picking up by 7.6% compared with the year before. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, waffle and wafer imports expanded markedly to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 12%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of waffle and wafer to France, accounting for a 39% share of total imports. Moreover, waffle and wafer imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.5% per year) and Poland (+8.5% per year).

In value terms, the largest waffle and wafer suppliers to France were Belgium ($X), Germany ($X) and Poland ($X), together comprising 64% of total imports.

Poland, with a CAGR of +11.7%, saw the highest rates of growth with regard to the value of imports, among 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 2021, the average waffle and wafer import price amounted to $X per ton, remaining stable against the previous year. In general, the import price, however, saw a mild decrease. The most prominent rate of growth was recorded in 2016 an increase of 8.1% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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