Overview of the Global Market for Sweet Biscuits, Waffles and Wafers

Market Size for Sweet Biscuits, Waffles and Wafers

In 2022, after two years of decline, there was growth in the global market for sweet biscuits, waffles and wafers, when its value increased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Sweet Biscuits, Waffles and Wafers

In value terms, sweet biscuit, waffle and wafer production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2022: its value 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. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports

In 2022, global exports of sweet biscuits, waffles and wafers rose sharply to X tons, increasing by X% compared with 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, sweet biscuit, waffle and wafer exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Mexico (X tons), Turkey (X tons), Germany (X tons), the Netherlands (X tons), Indonesia (X tons), Poland (X tons), Belgium (X tons), India (X tons), Italy (X tons), Canada (X tons), Spain (X tons) and Russia (X tons) was the key exporter of sweet biscuits, waffles and wafers in the world, generating X% of total export. The Czech Republic (X tons) took a little share of total exports.

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

In value terms, the largest sweet biscuit, waffle and wafer supplying countries worldwide were Germany ($X), Poland ($X) and Mexico ($X), together comprising X% of global exports. Italy, Canada, the Netherlands, Belgium, Turkey, Indonesia, Spain, the Czech Republic, India and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

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

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

Imports of Sweet Biscuits, Waffles and Wafers

Imports

For the seventh consecutive year, the global market recorded growth in supplies from abroad of sweet biscuits, waffles and wafers, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sweet biscuit, waffle and wafer imports totaled $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons), distantly followed by Germany (X tons), the UK (X tons) and France (X tons) represented the largest importers of sweet biscuits, waffles and wafers, together mixing up X% of total imports. Iraq (X tons), the Netherlands (X tons), Belgium (X tons), China (X tons), Canada (X tons), Italy (X tons), Spain (X tons), Romania (X tons) and Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sweet biscuit, waffle and wafer imports into the United States stood at X%. At the same time, Kuwait (X%), China (X%), Romania (X%), the UK (X%), Spain (X%), Iraq (X%), Germany (X%), Canada (X%), Italy (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. The Netherlands and France experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States and Kuwait increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported sweet biscuits, waffles and wafers worldwide, comprising X% of global imports. The second position in the ranking was taken by the UK ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the United States, sweet biscuit, waffle and wafer imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (X% per year) and Germany (X% per year).

Import Prices by Country

The average import price for sweet biscuits, waffles and wafers stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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