Global Sweet Biscuit Market 2023

Sweet Biscuit Market Size

In 2021, the global sweet biscuit market decreased by -0.3% to $X, falling for the third consecutive year after two years of growth. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 8.5%. Global consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Sweet Biscuit Production

In value terms, sweet biscuit production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 8.5% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Sweet Biscuit Exports

Exports

For the tenth year in a row, the global market recorded growth in shipments abroad of sweet biscuits, which increased by 15% to X tons in 2021. The total export volume increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sweet biscuit exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Mexico (X tons), Turkey (X tons), the Netherlands (X tons), Germany (X tons), Belgium (X tons), India (X tons), Spain (X tons), Indonesia (X tons), Poland (X tons), the UK (X tons), the Czech Republic (X tons) and Canada (X tons), together amounting to 65% of total export. Russia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mexico (with a CAGR of +12.8%), while the other global leaders experienced more modest paces of growth.

In value terms, Mexico ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of exports in 2021, together comprising 27% of global exports.

Mexico, with a CAGR of +12.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average sweet biscuit export price stood at $X per ton in 2021, increasing by 1.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 3.4% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.6%), while the other global leaders experienced more modest paces of growth.

Sweet Biscuit Imports

Imports

For the seventh year in a row, the global market recorded growth in supplies from abroad of sweet biscuits, which increased by 4.5% to X tons in 2021. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 9% against the previous year. Global imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, sweet biscuit imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons), distantly followed by France (X tons) and Germany (X tons) represented the key importers of sweet biscuits, together creating 28% of total imports. The UK (X tons), Belgium (X tons), the Netherlands (X tons), Canada (X tons), Iraq (X tons), China (X tons), Italy (X tons), Portugal (X tons) and Spain (X tons) held a little share of total imports.

The United States was also the fastest-growing in terms of the sweet biscuits imports, with a CAGR of +8.7% from 2012 to 2021. At the same time, China (+6.2%), Portugal (+4.2%), Italy (+3.3%), Germany (+3.2%), Spain (+3.1%), the UK (+2.9%), Canada (+2.3%), Iraq (+2.1%), Belgium (+2.0%) and the Netherlands (+1.2%) displayed positive paces of growth. France experienced a relatively flat trend pattern. The United States (+6.2 p.p.) significantly strengthened its position in terms of the global imports, while France saw its share reduced by -1.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported sweet biscuits worldwide, comprising 17% of global imports. The second position in the ranking was taken by Germany ($X), with a 5.7% share of global imports. It was followed by France, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +5.7%. In the other countries, the average annual rates were as follows: Germany (+2.3% per year) and France (-0.2% per year).

Import Prices by Country

The average sweet biscuit import price stood at $X per ton in 2021, surging by 7.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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