India: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in India

In 2023, the Indian market for gingerbread, sweet biscuits and waffles decreased by X% to $X, falling for the second consecutive year after seven years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Gingerbread, Sweet Biscuits and Waffles in India

In value terms, gingerbread, sweet biscuit and waffle production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021; afterwards, it flattened through to 2023.

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Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from India

In 2023, the amount of gingerbread, sweet biscuits and waffles exported from India soared to X tons, jumping by X% against 2022 figures. Over the period under review, total exports indicated a strong 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 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

In value terms, gingerbread, sweet biscuit and waffle exports surged to $X in 2023. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

Angola (X tons), Yemen (X tons) and the United States (X tons) were the main destinations of gingerbread, sweet biscuit and waffle exports from India, together accounting for X% of total exports. Chad, Democratic Republic of the Congo, Uganda, South Africa, Tanzania, Benin, Somalia, Oman, Cameroon and Kenya lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chad (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from India, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with a X% share of total exports. It was followed by Yemen, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Yemen (X% per year).

Export Prices by Country

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2023, leveling off at the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chad ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into India

In 2023, approx. X tons of gingerbread, sweet biscuits and waffles were imported into India; declining by X% compared with 2022. Over the period under review, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle imports reduced rapidly to $X in 2023. Overall, imports, however, posted resilient growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2022, and then shrank markedly in the following year.

Imports by Country

In 2023, Indonesia (X tons) constituted the largest gingerbread, sweet biscuit and waffle supplier to India, accounting for a X% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. Bangladesh (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Bangladesh (X% per year).

In value terms, Indonesia ($X), Malaysia ($X) and the United Arab Emirates ($X) were the largest gingerbread, sweet biscuit and waffle suppliers to India, with a combined X% share of total imports. Bangladesh, Italy, Turkey, China and the UK lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, recorded the highest growth rate of 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 2023, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2023, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform