ASEAN: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in ASEAN

The ASEAN market for gingerbread, sweet biscuits and waffles reached $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in ASEAN

In value terms, gingerbread, sweet biscuit and waffle production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 12% 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 ASEAN

In 2022, gingerbread, sweet biscuit and waffle exports in ASEAN surged to X tons, jumping by 17% compared with 2021. Over the period under review, exports posted a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 23% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, gingerbread, sweet biscuit and waffle exports soared to $X in 2022. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 20%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Indonesia represented the key exporting country with an export of about X tons, which resulted at 71% of total exports. Malaysia (X tons) held the second position in the ranking, followed by Thailand (X tons). All these countries together took approx. 24% share of total exports. Singapore (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to gingerbread, sweet biscuit and waffle exports from Indonesia stood at +16.0%. At the same time, Thailand (+16.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +16.3% from 2012-2022. Malaysia and Singapore experienced a relatively flat trend pattern. While the share of Indonesia (+25 p.p.) and Thailand (+3.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-4.4 p.p.) and Malaysia (-22.6 p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) remains the largest gingerbread, sweet biscuit and waffle supplier in ASEAN, comprising 64% of total exports. The second position in the ranking was held by Malaysia ($X), with a 15% share of total exports. It was followed by Thailand, with a 13% share.

In Indonesia, gingerbread, sweet biscuit and waffle exports expanded at an average annual rate of +14.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (+3.0% per year) and Thailand (+15.1% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, picking up by 2.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 11%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in ASEAN

In 2022, imports of gingerbread, sweet biscuits and waffles in ASEAN rose notably to X tons, increasing by 7.2% compared with the previous year's figure. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 when imports increased by 28%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, gingerbread, sweet biscuit and waffle imports totaled $X in 2022. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of gingerbread, sweet biscuit and waffle imports in 2022 were the Philippines (X tons), Thailand (X tons), Malaysia (X tons), Vietnam (X tons), Singapore (X tons) and Myanmar (X tons), together finishing at 90% of total import. It was distantly followed by Indonesia (X tons), making up a 6.6% 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 Myanmar (with a CAGR of +76.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gingerbread, sweet biscuit and waffle importing markets in ASEAN were the Philippines ($X), Thailand ($X) and Vietnam ($X), together accounting for 54% of total imports. Singapore, Malaysia, Indonesia and Myanmar lagged somewhat behind, together accounting for a further 43%.

In terms of the main importing countries, Myanmar, with a CAGR of +67.7%, saw the highest growth rate of the value of imports, 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 ASEAN stood at $X per ton in 2022, growing by 5.3% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform