U.S. - Gingerbread, Sweet Biscuits And Waffles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGingerbread, Sweet Biscuit and Waffle Prices in the United States
U.S. Gingerbread, Sweet Biscuit and Waffle Import Price per Ton in May 2022
In May 2022, the gingerbread, sweet biscuit and waffle price per ton stood at $3.3K (CIF, US), with an increase of 5.4% against the previous month. Over the period from January 2022 to May 2022, it increased at an average monthly rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($7.1K per ton), while the price for Mexico ($1.9K per ton) was amongst the lowest.
From January 2022 to May 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.8%), while the prices for the other major suppliers experienced a decline.
U.S. Gingerbread, Sweet Biscuit and Waffle Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In July 2022, the product with the highest price was waffles and wafers ($5.6K per ton), while the price for sweet biscuits ($3.0K per ton) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by gingerbread (+2.3%), while the prices for the other products experienced more modest paces of growth.
U.S. Gingerbread, Sweet Biscuit and Waffle Imports
After three months of decline, purchases abroad of gingerbread, sweet biscuits and waffles increased by 23% to 71K tons in July 2022. The total import volume increased at an average monthly rate of +1.8% from January 2022 to July 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain months.
In value terms, gingerbread, sweet biscuit and waffle imports surged to $245M (IndexBox estimates) in July 2022. The total import value increased at an average monthly rate of +3.8% over the period from January 2022 to July 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain months. As a result, imports attained the peak and are likely to continue growth in the immediate term.
U.S. Gingerbread, Sweet Biscuit and Waffle Imports by Type
In July 2022, sweet biscuits (58K tons) constituted the largest type of gingerbread, sweet biscuit and waffle supplied to the United States, with a 82% share of total imports. Moreover, sweet biscuits exceeded the figures recorded for the second-largest type, waffles and wafers (11K tons), fivefold.
From January 2022 to July 2022, the average monthly growth rate of the volume of import of sweet biscuits stood at +1.8%. With regard to the other supplied products, the following average monthly rates of growth were recorded: waffles and wafers (+0.4% per month) and gingerbread (+37.3% per month).
In value terms, sweet biscuits ($175M) constituted the largest type of gingerbread, sweet biscuit and waffle supplied to the United States, comprising 71% of total imports. The second position in the ranking was taken by waffles and wafers ($64M), with a 26% share of total imports.
U.S. Gingerbread, Sweet Biscuit and Waffle Imports by Country
In May 2022, Mexico (33K tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to the United States, accounting for a 55% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (15K tons), twofold. Italy (2K tons) ranked third in terms of total imports with a 3.3% share.
From January 2022 to May 2022, the average monthly growth rate of volume from Mexico amounted to -4.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (+4.3% per month) and Italy (+4.4% per month).
In value terms, the largest gingerbread, sweet biscuit and waffle suppliers to the United States were Canada ($73M), Mexico ($64M) and Italy ($14M), together comprising 74% of total imports.
Italy, with a CAGR of +7.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the market for gingerbread, sweet biscuit and waffle in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10721230 - Gingerbread and the like
- Prodcom 10721253 - Sweet biscuits, waffles and wafers completely or partially coated or covered with chocolate or other preparations containing cocoa
- Prodcom 10721255 - Sweet biscuits (including sandwich biscuits, excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
- Prodcom 10721257 - Waffles and wafers with a water content > .10 % by weight of the finished product (excluding ice cream cornets, s andwiched waffles, other similar products)
- Prodcom 10721259 - Waffles and wafers (including salted) (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Bread and Bakery imports experienced a remarkable growth, reaching a total value of $877M in July 2023.
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In November 2022, the bread and bakery price stood at $4,105 per ton (CIF, US), dropping by -4.6% against the previous month.
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In Q1-Q3 2021, imports on the U.S. bread and bakery market reached 1.6M tons worth $5.6B, which was 13% more in physical terms and 21% higher in value terms than in the same period of the previous year. American imports are expected to surpass a $7.7B annual total, reaching the highest level ever. Mexico, Canada, Italy and India are the most significant bakery suppliers to the U.S. Fresh bread and bakery, followed by sweet biscuits and waffles, constitute the primary imported products.
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Gingerbread imports reached a value of $948K in May 2023.
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American waffle and wafer imports reached $598M, the highest level ever. In physical terms, imports rose by +5.9% y-o-y to 123K tons in 2020. Canada remains the largest supplier of waffles and wafers to the U.S., comprising 55% of American import volume. Italy, Belgium, Turkey, Costa Rica, Austria and Mexico have boosted their exports to the U.S. In 2020, the average waffle and wafer import price amounted to $4,879 per ton, which was 4.5% down the figures of 2019.
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In November 2022, the crispbread price stood at $6,887 per ton (CIF, US), increasing by 20% against the previous month.
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American sweet biscuit imports jumped by +7% y-o-y to 561K tons in 2020. In value terms, the purchases from abroad stood at $1.4B. Last year, Mexico remained the largest supplier to the U.S., comprising 70% of the American sweet biscuit imports. Among other major exporters, India saw the highest increase in biscuit shipments to the U.S. The average sweet biscuit import price in America dropped by -7.7% against the previous year.
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