Ireland: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Ireland

For the fourth year in a row, the Irish market for gingerbread, sweet biscuits and waffles recorded growth in sales value, which increased by X% to $X in 2023. Overall, consumption, however, recorded a slight slump. Gingerbread, sweet biscuit and waffle consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Ireland

In 2023, shipments abroad of gingerbread, sweet biscuits and waffles increased by X% to X tons, rising for the second year in a row after seven years of decline. Over the period under review, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports soared to $X in 2023. Overall, exports, however, continue to indicate a deep downturn. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Ireland, accounting for a X% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

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

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

Export Prices by Country

In 2023, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated prominent growth from 2012 to 2023: its price 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, gingerbread, sweet biscuit and waffle export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United States ($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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Ireland

Gingerbread, sweet biscuit and waffle imports into Ireland expanded markedly to X tons in 2023, surging by X% against the previous year's figure. Overall, total imports indicated perceptible growth 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, imports increased by X% against 2021 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle imports surged to $X in 2023. In general, total imports indicated strong 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, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, the UK (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to Ireland, with a X% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, the UK ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Ireland, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Poland, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Poland (X% per year).

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 period under review, import price indicated slight growth from 2012 to 2023: its price 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, gingerbread, sweet biscuit and waffle import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2023 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform