Southern Asia: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Southern Asia

The South Asian market for gingerbread, sweet biscuits and waffles expanded to $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Gingerbread, Sweet Biscuits and Waffles in Southern Asia

In value terms, gingerbread, sweet biscuit and waffle production expanded modestly 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; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in Southern Asia

For the third year in a row, Southern Asia recorded growth in overseas shipments of gingerbread, sweet biscuits and waffles, which increased by X% to X tons in 2023. Total exports indicated a strong 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. Based on 2023 figures, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the near future.

In value terms, gingerbread, sweet biscuit and waffle exports skyrocketed to $X in 2023. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to continue growth in years to come.

Exports by Country

India dominates exports structure, finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Pakistan (X tons), comprising a X% share of total exports. Bangladesh (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to gingerbread, sweet biscuit and waffle exports from India stood at X%. At the same time, Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. Sri Lanka experienced a relatively flat trend pattern. While the share of Bangladesh (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Sri Lanka (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest gingerbread, sweet biscuit and waffle supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with an X% share of total exports. It was followed by Bangladesh, with a X% share.

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

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, declining by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then dropped slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India ($X per ton) was amongst the lowest.

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

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in Southern Asia

In 2023, overseas purchases of gingerbread, sweet biscuits and waffles were finally on the rise to reach X tons after two years of decline. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle imports rose rapidly to $X in 2023. Total imports indicated a remarkable increase 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 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

Afghanistan was the largest importer of gingerbread, sweet biscuits and waffles in Southern Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. India (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Maldives (X%). The following importers - Nepal (X tons), Bhutan (X tons) and Bangladesh (X tons) - together made up X% of total imports.

Imports into Afghanistan increased at an average annual rate of X% from 2012 to 2023. At the same time, Bhutan (X%), Bangladesh (X%), Nepal (X%) and India (X%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. Maldives experienced a relatively flat trend pattern. Afghanistan (X p.p.) and Bhutan (X p.p.) significantly strengthened its position in terms of the total imports, while India and Maldives 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, the largest gingerbread, sweet biscuit and waffle importing markets in Southern Asia were Afghanistan ($X), India ($X) and Maldives ($X), together accounting for X% of total imports. Nepal, Bangladesh and Bhutan lagged somewhat behind, together accounting for a further X%.

Bhutan, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the import price in Southern Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price saw a slight decrease. The growth pace was the most rapid in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then reduced dramatically in the following year.

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

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

Source: IndexBox Platform