MERCOSUR: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in MERCOSUR

The MERCOSUR market for gingerbread, sweet biscuits and waffles reached $X in 2023, stabilizing at the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in MERCOSUR

In value terms, gingerbread, sweet biscuit and waffle production contracted slightly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in MERCOSUR

After two years of growth, overseas shipments of gingerbread, sweet biscuits and waffles decreased by X% to X tons in 2023. Total exports indicated a measured expansion from 2012 to 2023: its volume 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. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2022, and then dropped in the following year.

In value terms, gingerbread, sweet biscuit and waffle exports reduced to $X in 2023. Total exports indicated a moderate expansion 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

In 2023, Brazil (X tons) and Peru (X tons) were the key exporters of gingerbread, sweet biscuits and waffles in MERCOSUR, together mixing up X% of total exports. It was distantly followed by Colombia (X tons) and Argentina (X tons), together creating a X% share of total exports. Ecuador (X tons) took a relatively small share of total exports.

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

In value terms, the largest gingerbread, sweet biscuit and waffle supplying countries in MERCOSUR were Brazil ($X), Peru ($X) and Colombia ($X), with a combined X% share of total exports. Argentina and Ecuador lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, surging by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Ecuador ($X per ton) and Argentina ($X per ton), while Peru ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the export price figures.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in MERCOSUR

In 2023, after six years of growth, there was decline in purchases abroad of gingerbread, sweet biscuits and waffles, when their volume decreased by X% to X tons. Total imports indicated prominent 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 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2022, and then declined in the following year.

In value terms, gingerbread, sweet biscuit and waffle imports rose modestly to $X in 2023. 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. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2023 and is likely to continue growth in the near future.

Imports by Country

The purchases of the eight major importers of gingerbread, sweet biscuits and waffles, namely Chile, Venezuela, Colombia, Paraguay, Uruguay, Ecuador, Brazil and Peru, represented more than two-thirds of total import.

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

In value terms, Chile ($X), Brazil ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Paraguay, Venezuela, Ecuador, Uruguay and Peru lagged somewhat behind, together comprising a further X%.

Peru, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, surging by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform