Australia: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Australia

The Australian waffle and wafer market reached $X in 2021, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a prominent increase. Waffle and wafer consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Waffle And Wafer Exports

Exports from Australia

In 2021, overseas shipments of waffles and wafers were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports posted a resilient expansion. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, waffle and wafer exports surged to $X in 2021. In general, exports continue to indicate a perceptible expansion. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for waffle and wafer exports from Australia, accounting for a 43% share of total exports. Moreover, waffle and wafer exports to New Zealand exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was held by Singapore (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+144.6% per year) and Singapore (+30.0% per year).

In value terms, New Zealand ($X) remains the key foreign market for waffles and wafers exports from Australia, comprising 35% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 13% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand totaled -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+139.2% per year) and China (+31.2% per year).

Export Prices by Country

In 2021, the average waffle and wafer export price amounted to $X per ton, increasing by 4.6% against the previous year. In general, the export price, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 13%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Waffle And Wafer Imports

Imports into Australia

In 2021, approx. X tons of waffles and wafers were imported into Australia; shrinking by -9.6% on 2020. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.4% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 44% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, waffle and wafer imports totaled $X in 2021. In general, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 49%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Italy (X tons) and Indonesia (X tons) were the main suppliers of waffle and wafer imports to Australia, together accounting for 43% of total imports. These countries were followed by Germany, France, Malaysia, the Czech Republic, the United States, the United Arab Emirates, China, New Zealand, Poland and the Netherlands, which together accounted for a further 49%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +114.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest waffle and wafer suppliers to Australia were Italy ($X), Belgium ($X) and Germany ($X), together comprising 53% of total imports. Indonesia, France, the Czech Republic, the United States, China, Poland, Malaysia, the Netherlands, New Zealand and the United Arab Emirates lagged somewhat behind, together accounting for a further 37%.

The Czech Republic, with a CAGR of +106.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average waffle and wafer import price stood at $X per ton in 2021, picking up by 25% against the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, waffle and wafer import price increased by +85.6% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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