Ukraine: Gingerbread Market 2024

Gingerbread Market Size in Ukraine

The Ukrainian gingerbread market dropped to $X in 2022, remaining constant against the previous year. In general, consumption, however, recorded a abrupt descent. Gingerbread consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Gingerbread Production in Ukraine

In value terms, gingerbread production declined slightly to $X in 2022 estimated in export price. In general, production saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the production volume increased by 28%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Gingerbread Exports

Exports from Ukraine

In 2022, after ten years of growth, there was significant decline in overseas shipments of gingerbread, when their volume decreased by -18.8% to X tons. Overall, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 47%. The exports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, gingerbread exports dropped to $X in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 20%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Germany (X tons), Romania (X tons) and Moldova (X tons) were the main destinations of gingerbread exports from Ukraine, with a combined 50% share of total exports. Latvia, Poland, Estonia, Bulgaria and Azerbaijan lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +55.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Moldova ($X) were the largest markets for gingerbread exported from Ukraine worldwide, together accounting for 47% of total exports. Poland, Latvia, Bulgaria, Estonia and Azerbaijan lagged somewhat behind, together accounting for a further 36%.

Among the main countries of destination, Poland, with a CAGR of +61.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gingerbread export price stood at $X per ton in 2022, picking up by 15% against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Gingerbread Imports

Imports into Ukraine

In 2022, overseas purchases of gingerbread decreased by -37.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 94%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted significantly in the following year.

In value terms, gingerbread imports shrank markedly to $X in 2022. In general, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 196%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest gingerbread supplier to Ukraine, with a 85% share of total imports. Moreover, gingerbread imports from Poland exceeded the figures recorded by the second-largest supplier, Moldova (X tons), more than tenfold. The third position in this ranking was taken by Estonia (X tons), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Moldova (0.0% per year) and Estonia (0.0% per year).

In value terms, Poland ($X) constituted the largest supplier of gingerbread to Ukraine, comprising 89% of total imports. The second position in the ranking was held by Moldova ($X), with a 4.5% share of total imports. It was followed by Estonia, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Moldova (0.0% per year) and Estonia (0.0% per year).

Import Prices by Country

In 2022, the average gingerbread import price amounted to $X per ton, shrinking by -22.1% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 67%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :