Africa: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Africa

The African market for gingerbread, sweet biscuits and waffles was estimated at $X in 2022, growing by 2% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Gingerbread, Sweet Biscuits and Waffles in Africa

In value terms, gingerbread, sweet biscuit and waffle production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2015 with an increase of 15% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in Africa

In 2022, after two years of decline, there was significant growth in shipments abroad of gingerbread, sweet biscuits and waffles, when their volume increased by 15% to X tons. Overall, exports, however, saw a slight curtailment. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

South Africa (X tons) and Egypt (X tons) were the main exporters of gingerbread, sweet biscuits and waffles in 2022, resulting at near 24% and 21% of total exports, respectively. Tunisia (X tons) ranks next in terms of the total exports with a 13% share, followed by Rwanda (8.1%), Senegal (5.5%) and Zimbabwe (4.9%). Uganda (X tons), Morocco (X tons), Mozambique (X tons), Ghana (X tons), Lesotho (X tons), Cote d'Ivoire (X tons) and Zambia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Mozambique (with a CAGR of +111.5%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), South Africa ($X) and Tunisia ($X) were the countries with the highest levels of exports in 2022, together comprising 73% of total exports. Rwanda, Morocco, Zimbabwe, Senegal, Uganda, Mozambique, Ghana, Cote d'Ivoire, Zambia and Lesotho lagged somewhat behind, together comprising a further 22%.

Mozambique, with a CAGR of +99.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, shrinking by -5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2021 an increase of 25% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+4.7%), while the other leaders experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in Africa

Gingerbread, sweet biscuit and waffle imports dropped to X tons in 2022, with a decrease of -5.2% compared with the year before. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by 28% against the previous year. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, gingerbread, sweet biscuit and waffle imports declined to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

The countries with the highest levels of gingerbread, sweet biscuit and waffle imports in 2022 were Libya (X tons), South Africa (X tons), Democratic Republic of the Congo (X tons), Angola (X tons), Morocco (X tons), Rwanda (X tons), Mauritania (X tons), Senegal (X tons), Cote d'Ivoire (X tons), Congo (X tons), Ghana (X tons) and Somalia (X tons), together accounting for 57% of total import. Guinea (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Morocco (with a CAGR of +18.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Libya ($X), South Africa ($X) and Morocco ($X) were the countries with the highest levels of imports in 2022, with a combined 32% share of total imports.

Morocco, with a CAGR of +17.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, shrinking by -2.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 7.2%. As a result, import price reached the peak level of $X per ton, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Libya ($X per ton), while Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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