Japan: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Japan

In 2022, the Japanese waffle and wafer market decreased by less than X% to $X for the first time since 2015, thus ending a six-year rising trend. In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. As a result, consumption reached the peak level of $X, leveling off in the following year.

Waffle And Wafer Exports

Exports from Japan

For the fifth consecutive year, Japan recorded growth in overseas shipments of waffles and wafers, which increased by X% to X tons in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, waffle and wafer exports reduced to $X in 2022. In general, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

Hong Kong SAR (X tons), China (X tons) and the United States (X tons) were the main destinations of waffle and wafer exports from Japan, with a combined X% share of total exports. Taiwan (Chinese), Vietnam, South Korea, the Netherlands, Thailand and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for waffle and wafer exported from Japan were Hong Kong SAR ($X), the United States ($X) and China ($X), with a combined X% share of total exports. Taiwan (Chinese), the Netherlands, Vietnam, South Korea, Singapore and Thailand lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average waffle and wafer export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price saw a noticeable contraction. The growth pace was the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Waffle And Wafer Imports

Imports into Japan

After four years of growth, overseas purchases of waffles and wafers decreased by X% to X tons in 2022. In general, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, waffle and wafer imports reached $X in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of waffle and wafer to Japan, with a X% share of total imports. Moreover, waffle and wafer imports from Belgium exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold. Malaysia (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Malaysia (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of waffles and wafers to Japan, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average waffle and wafer import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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