Italy: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Italy

The Italian market for gingerbread, sweet biscuits and waffles shrank to $X in 2023, waning by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Gingerbread, sweet biscuit and waffle consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Production of Gingerbread, Sweet Biscuits and Waffles in Italy

In value terms, gingerbread, sweet biscuit and waffle production fell to $X in 2023 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

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Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Italy

Gingerbread, sweet biscuit and waffle exports from Italy rose modestly to X tons in 2023, surging by X% against the previous year. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle exports surged to $X in 2023. Overall, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons), France (X tons) and the United States (X tons) were the main destinations of gingerbread, sweet biscuit and waffle exports from Italy, together accounting for X% of total exports. Saudi Arabia, the UK, Poland, Spain, Israel, Romania, China, the United Arab Emirates, Libya and Australia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Germany ($X) appeared to be the largest markets for gingerbread, sweet biscuit and waffle exported from Italy worldwide, together comprising X% of total exports. Saudi Arabia, the UK, Spain, Israel, Poland, the United Arab Emirates, China, Australia, Romania and Libya lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Poland, with a CAGR of X%, saw 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 export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2023, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Italy

Gingerbread, sweet biscuit and waffle imports into Italy totaled X tons in 2023, surging by X% compared with the previous year's figure. The total import volume 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 growth pace was the most rapid in 2017 with an increase of X%. Imports peaked in 2023 and are likely to see gradual growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle imports skyrocketed to $X in 2023. In general, total imports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X tons), France (X tons) and Germany (X tons) were the main suppliers of gingerbread, sweet biscuit and waffle imports to Italy, together comprising X% of total imports. Spain, the Netherlands, Poland and the Czech Republic 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 the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and France ($X) appeared to be the largest gingerbread, sweet biscuit and waffle suppliers to Italy, together comprising X% of total imports. Poland, the Netherlands, Spain and the Czech Republic lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Czech Republic, with a CAGR of X%, saw 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, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 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