Southern Asia: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Southern Asia

The South Asian waffle and wafer market fell to $X in 2022, reducing by X% against the previous year. In general, consumption, however, saw a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Waffle And Wafer Production in Southern Asia

In value terms, waffle and wafer production declined to $X in 2022 estimated in export price. In general, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Waffle And Wafer Exports

Exports in Southern Asia

In 2022, waffle and wafer exports in Southern Asia expanded rapidly to X tons, with an increase of X% compared with 2021 figures. Over the period under review, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, waffle and wafer exports expanded remarkably to $X in 2022. In general, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

India dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Bangladesh (X tons), constituting a X% share of total exports. Pakistan (X tons) took a little share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Bangladesh and Pakistan increased by X and X percentage points, respectively.

In value terms, India ($X) remains the largest waffle and wafer supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India stood at X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Waffle And Wafer Imports

Imports in Southern Asia

In 2022, supplies from abroad of waffles and wafers decreased by X% to X tons, falling for the second consecutive year after nine years of growth. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, waffle and wafer imports contracted significantly to $X in 2022. Overall, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Afghanistan (X tons) and India (X tons) were the main importers of waffles and wafers in 2022, resulting at near X% and X% of total imports, respectively. It was distantly followed by Nepal (X tons), Maldives (X tons) and Bangladesh (X tons), together achieving a X% share of total imports. Pakistan (X tons) followed a long way behind the leaders.

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

In value terms, the largest waffle and wafer importing markets in Southern Asia were India ($X), Nepal ($X) and Maldives ($X), together accounting for X% of total imports. Afghanistan, Bangladesh and Pakistan lagged somewhat behind, together comprising a further X%.

Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the import price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 2022, 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

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