Indonesia: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Indonesia

The Indonesian market for gingerbread, sweet biscuits and waffles was finally on the rise to reach $X in 2023, after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2023.

Production of Gingerbread, Sweet Biscuits and Waffles in Indonesia

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% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Indonesia

After eleven years of growth, shipments abroad of gingerbread, sweet biscuits and waffles decreased by X% to X tons in 2023. Over the period under review, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2022, and then declined in the following year.

In value terms, gingerbread, sweet biscuit and waffle exports reduced to $X in 2023. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then reduced in the following year.

Exports by Country

China (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Indonesia, with a X% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to China exceeded the volume sent to the second major destination, the Philippines (X tons), twofold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Thailand (X% per year).

In value terms, China ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2023, falling by X% against the previous year. In general, the export price showed a slight curtailment. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the average export prices remained at a lower figure.

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

In 2023, supplies from abroad of gingerbread, sweet biscuits and waffles decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2022, and then shrank in the following year.

In value terms, gingerbread, sweet biscuit and waffle imports reduced to $X in 2023. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then fell in the following year.

Imports by Country

Malaysia (X tons), Thailand (X tons) and Italy (X tons) were the main suppliers of gingerbread, sweet biscuit and waffle imports to Indonesia, together comprising X% of total imports. China and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, Thailand ($X), Malaysia ($X) and Italy ($X) appeared to be the largest gingerbread, sweet biscuit and waffle suppliers to Indonesia, together comprising X% of total imports. China and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of 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 average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2023, reducing 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 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then fell slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Malaysia ($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 a decline.

Source: IndexBox Platform