South-Eastern Asia: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in South-Eastern Asia

In 2023, the Southeast Asian market for gingerbread, sweet biscuits and waffles decreased by X% to $X, falling for the second consecutive year after five years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in South-Eastern Asia

In value terms, gingerbread, sweet biscuit and waffle production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

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Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in South-Eastern Asia

After two years of growth, shipments abroad of gingerbread, sweet biscuits and waffles decreased by X% to X tons in 2023. Overall, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then dropped in the following year.

In value terms, gingerbread, sweet biscuit and waffle exports shrank modestly to $X in 2023. Total exports 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2022, and then shrank slightly in the following year.

Exports by Country

In 2023, Indonesia (X tons) represented the main exporter of gingerbread, sweet biscuits and waffles, creating X% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a X% share, followed by Thailand (X%). The following exporters - Singapore (X tons) and the Philippines (X tons) - each accounted for a X% share of total exports.

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%), the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Singapore experienced a relatively flat trend pattern. Indonesia (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Malaysia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest gingerbread, sweet biscuit and waffle supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Indonesia, gingerbread, sweet biscuit and waffle exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Overall, the export price showed a mild decrease. The pace of growth appeared the most rapid in 2022 when the export price increased by X%. 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.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in South-Eastern Asia

In 2023, purchases abroad of gingerbread, sweet biscuits and waffles decreased by X% to X tons for the first time since 2011, thus ending a eleven-year rising trend. Over the period under review, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then contracted in the following year.

In value terms, gingerbread, sweet biscuit and waffle imports fell to $X in 2023. Overall, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

The purchases of the four major importers of gingerbread, sweet biscuits and waffles, namely the Philippines, Thailand, Malaysia and Vietnam, represented more than two-thirds of total import. It was distantly followed by Singapore (X tons) and Indonesia (X tons), together committing a X% share of total imports. Cambodia (X tons) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Thailand ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

The Philippines, with a CAGR of X%, recorded 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 South-Eastern Asia stood at $X per ton in 2023, rising by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Indonesia ($X per ton) and Singapore ($X per ton), while the Philippines ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform