Ireland: Gingerbread Market 2023

Gingerbread Market Size in Ireland

The Irish gingerbread market skyrocketed to $X in 2021, surging by 55% against the previous year. Over the period under review, consumption enjoyed a strong increase. Gingerbread consumption peaked in 2021 and is expected to retain growth in years to come.

Gingerbread Production in Ireland

In value terms, gingerbread production declined slightly to $X in 2021 estimated in export price. In general, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by 46% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Gingerbread Exports

Exports from Ireland

In 2021, gingerbread exports from Ireland fell markedly to X tons, waning by -78.4% on the year before. Overall, exports showed a dramatic decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 67% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, gingerbread exports shrank significantly to $X in 2021. In general, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 48% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for gingerbread exports from Ireland, with a 51% share of total exports. Moreover, gingerbread exports to the UK exceeded the volume sent to the second major destination, Denmark (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled -31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+147.7% per year) and the Netherlands (-0.8% per year).

In value terms, the largest markets for gingerbread exported from Ireland were the UK ($X), the Netherlands ($X) and Denmark ($X), together accounting for 72% of total exports.

In terms of the main countries of destination, Denmark, with a CAGR of +132.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gingerbread export price stood at $X per ton in 2021, increasing by 33% against the previous year. In general, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 82%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while the average price for exports to Spain ($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 Germany (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Gingerbread Imports

Imports into Ireland

In 2021, supplies from abroad of gingerbread decreased by -31.8% to X tons, falling for the fifth consecutive year after three years of growth. In general, imports showed a noticeable descent. The growth pace was the most rapid in 2015 when imports increased by 29% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, gingerbread imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X tons) constituted the largest gingerbread supplier to Ireland, accounting for a 87% share of total imports. Moreover, gingerbread imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by Italy (X tons), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.4% per year) and Italy (+4.6% per year).

In value terms, the UK ($X) constituted the largest supplier of gingerbread to Ireland, comprising 88% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.2% share of total imports. It was followed by Italy, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from the UK totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.1% per year) and Italy (+8.5% per year).

Import Prices by Country

The average gingerbread import price stood at $X per ton in 2021, jumping by 96% against the previous year. Overall, the import price enjoyed a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Denmark ($X per ton) and the UK ($X per ton), while the price for the Netherlands ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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