Romania: Waffle And Wafer Market 2023

Waffle And Wafer Market Size in Romania

In 2021, after five years of growth, there was significant decline in the Romanian waffle and wafer market, when its value decreased by -11.2% to $X. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +109.3% against 2015 indices. Waffle and wafer consumption peaked at $X in 2020, and then reduced in the following year.

Waffle And Wafer Production in Romania

In value terms, waffle and wafer production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2015 with a decrease of -0.4% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Waffle And Wafer Exports

Exports from Romania

In 2021, shipments abroad of waffles and wafers decreased by -20.4% to X tons, falling for the third consecutive year after three years of growth. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of 23% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, waffle and wafer exports reduced dramatically to $X in 2021. In general, exports recorded a mild decrease. The growth pace was the most rapid in 2016 with an increase of 33%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons), Poland (X tons) and Greece (X tons) were the main destinations of waffle and wafer exports from Romania, together comprising 37% of total exports. The UK, Colombia, the Netherlands, Turkey, Hungary, Bulgaria, Moldova, France, Spain and Morocco lagged somewhat behind, together comprising a further 51%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +902.7%), while the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Slovakia ($X) and Turkey ($X) appeared to be the largest markets for waffle and wafer exported from Romania worldwide, together accounting for 31% of total exports. Poland, Colombia, Bulgaria, the UK, Moldova, the Netherlands, Hungary, Morocco, France and Spain lagged somewhat behind, together comprising a further 52%.

Colombia, with a CAGR of +1,065.0%, recorded the highest growth rate of the value of exports, among 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 2021, with a decrease of -9.7% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, waffle and wafer export price increased by +67.6% against 2015 indices. The pace of growth appeared the most rapid in 2019 an increase of 32%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably country of destination: the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Hungary ($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 Morocco (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Waffle And Wafer Imports

Imports into Romania

For the seventh year in a row, Romania recorded growth in overseas purchases of waffles and wafers, which increased by 6.1% to X tons in 2021. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 43%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, waffle and wafer imports totaled $X in 2021. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 37%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Ukraine (X tons), Poland (X tons) and Turkey (X tons) were the main suppliers of waffle and wafer imports to Romania, with a combined 64% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +99.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest waffle and wafer suppliers to Romania were Poland ($X), Ukraine ($X) and France ($X), together accounting for 60% of total imports.

Ukraine, with a CAGR of +106.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average waffle and wafer import price amounted to $X per ton, rising by 7.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 8.5% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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