Venezuela: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Venezuela

In 2023, the Venezuelan market for gingerbread, sweet biscuits and waffles decreased by X% to $X for the first time since 2017, thus ending a five-year rising trend. In general, the total consumption indicated a temperate increase 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, consumption increased by X% against 2016 indices. Over the period under review, the market reached the maximum level at $X in 2022, and then declined slightly in the following year.

Production of Gingerbread, Sweet Biscuits and Waffles in Venezuela

In value terms, gingerbread, sweet biscuit and waffle production declined to $X in 2023 estimated in export price. Overall, the total production indicated a pronounced expansion 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Venezuela

In 2023, after eight years of growth, there was decline in shipments abroad of gingerbread, sweet biscuits and waffles, when their volume decreased by X% to X tons. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2022, and then dropped in the following year.

In value terms, gingerbread, sweet biscuit and waffle exports declined to $X in 2023. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then dropped in the following year.

Exports by Country

The United States (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Venezuela, with a X% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), eightfold.

From 2012 to 2023, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Canada (X% per year).

In value terms, the United States ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Canada (X% per year).

Export Prices by Country

In 2023, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, declining by X% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2023: its price 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, gingerbread, sweet biscuit and waffle export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then dropped in the following year.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Venezuela

In 2023, imports of gingerbread, sweet biscuits and waffles into Venezuela reached X tons, growing by X% compared with 2022. In general, imports posted buoyant growth. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, gingerbread, sweet biscuit and waffle imports totaled $X in 2023. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Brazil (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to Venezuela, with a X% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Brazil exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Italy (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Venezuela, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Italy (X% per year).

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform