Asia-Pacific: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Asia-Pacific

The Asia-Pacific market for gingerbread, sweet biscuits and waffles was estimated at $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by 9%. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in Asia-Pacific

In value terms, gingerbread, sweet biscuit and waffle production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 9% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in Asia-Pacific

In 2022, approx. X tons of gingerbread, sweet biscuits and waffles were exported in Asia-Pacific; increasing by 17% against the previous year's figure. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +124.0% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle exports expanded significantly to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.3% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by 21%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Indonesia (X tons), distantly followed by India (X tons), Malaysia (X tons), Thailand (X tons) and China (X tons) represented the key exporters of gingerbread, sweet biscuits and waffles, together making up 88% of total exports. Pakistan (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 leading exporting countries, was attained by Thailand (with a CAGR of +16.3%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest gingerbread, sweet biscuit and waffle supplier in Asia-Pacific, comprising 42% of total exports. The second position in the ranking was taken by India ($X), with a 14% share of total exports. It was followed by Malaysia, with a 9.9% share.

In Indonesia, gingerbread, sweet biscuit and waffle exports increased at an average annual rate of +14.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (+7.5% per year) and Malaysia (+3.0% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, dropping by -1.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 5.8% against the previous year. Over the period under review, the export prices attained the peak figure 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 Thailand ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the other leaders experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in Asia-Pacific

In 2022, approx. X tons of gingerbread, sweet biscuits and waffles were imported in Asia-Pacific; increasing by 3.1% compared with the year before. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +8.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 19% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, gingerbread, sweet biscuit and waffle imports rose notably to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.9% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 18%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons), distantly followed by the Philippines (X tons), Australia (X tons), Thailand (X tons), Malaysia (X tons), Vietnam (X tons), Singapore (X tons) and Myanmar (X tons) were the main importers of gingerbread, sweet biscuits and waffles, together mixing up 73% of total imports. The following importers - South Korea (X tons), Hong Kong SAR (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons) and New Zealand (X tons) - together made up 16% of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +76.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 44% of total imports. Thailand, Vietnam, Singapore, Malaysia, South Korea, Hong Kong SAR, Indonesia, Taiwan (Chinese), New Zealand and Myanmar lagged somewhat behind, together accounting for a further 47%.

Myanmar, with a CAGR of +67.7%, recorded 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

The import price in Asia-Pacific stood at $X per ton in 2022, with an increase of 2.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 5.2% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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