Africa: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Africa

The African market for sweet biscuits, waffles and wafers amounted to $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; afterwards, it flattened through to 2021.

Production of Sweet Biscuits, Waffles and Wafers in Africa

In value terms, sweet biscuit, waffle and wafer production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by 42%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Sweet Biscuits, Waffles and Wafers

Exports in Africa

In 2021, exports of sweet biscuits, waffles and wafers in Africa surged to X tons, jumping by 20% compared with 2020. Over the period under review, exports, however, continue to indicate a slight setback. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sweet biscuit, waffle and wafer exports soared to $X in 2021. The total export value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa (X tons) and Egypt (X tons) were the main exporters of sweet biscuits, waffles and wafers in 2021, amounting to near 24% and 23% of total exports, respectively. Tunisia (X tons) ranks next in terms of the total exports with a 13% share, followed by Senegal (11%), Zimbabwe (6.1%) and Rwanda (5.4%). Morocco (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 key exporting countries, was attained by Rwanda (with a CAGR of +29.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit, waffle and wafer supplying countries in Africa were Egypt ($X), South Africa ($X) and Tunisia ($X), together comprising 78% of total exports. These countries were followed by Morocco, Zimbabwe, Rwanda and Senegal, which together accounted for a further 13%.

Zimbabwe, with a CAGR of +24.2%, recorded 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 leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, rising by 9.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. Over the period under review, the export prices reached the maximum in 2021 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 Egypt ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+4.4%), while the other leaders experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports in Africa

Sweet biscuit, waffle and wafer imports soared to X tons in 2021, rising by 16% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 22%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, sweet biscuit, waffle and wafer imports soared to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded 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, Libya (X tons), Angola (X tons), South Africa (X tons), Democratic Republic of the Congo (X tons) and Morocco (X tons) was the key importer of sweet biscuits, waffles and wafers in Africa, generating 38% of total import. The following importers - Senegal (X tons), Cote d'Ivoire (X tons), Congo (X tons), Ghana (X tons), Mauritania (X tons), Tanzania (X tons), Somalia (X tons) and Togo (X tons) - together made up 23% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Morocco (with a CAGR of +23.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Libya ($X), Morocco ($X) and South Africa ($X) constituted the countries with the highest levels of imports in 2021, with a combined 33% share of total imports.

Morocco, with a CAGR of +23.2%, saw the highest rates of growth with regard to the value of imports, among 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

In 2021, the import price in Africa amounted to $X per ton, with an increase of 15% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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