Bangladesh: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Bangladesh

The Bangladeshi market for gingerbread, sweet biscuits and waffles totaled $X in 2022, standing approx. at the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in Bangladesh

In value terms, gingerbread, sweet biscuit and waffle production stood at $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 38%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Bangladesh

In 2022, exports of gingerbread, sweet biscuits and waffles from Bangladesh expanded significantly to X tons, picking up by 6.4% on the previous year's figure. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 44%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle exports reached $X in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 58%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The Philippines (X tons), India (X tons) and Qatar (X tons) were the main destinations of gingerbread, sweet biscuit and waffle exports from Bangladesh, with a combined 37% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +264.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gingerbread, sweet biscuit and waffle exported from Bangladesh were the Philippines ($X), India ($X) and the United States ($X), together comprising 40% of total exports.

The Philippines, with a CAGR of +385.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, shrinking by -4.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2013 an increase of 37% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Bangladesh

In 2022, approx. X tons of gingerbread, sweet biscuits and waffles were imported into Bangladesh; which is down by -24.4% compared with the previous year's figure. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 258% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped significantly in the following year.

In value terms, gingerbread, sweet biscuit and waffle imports dropped rapidly to $X in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 257% against the previous year. Imports peaked at $X in 2021, and then fell dramatically in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to Bangladesh, with a 34% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by Singapore (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +124.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+15.6% per year) and Singapore (+33.0% per year).

In value terms, India ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Bangladesh, comprising 35% of total imports. The second position in the ranking was taken by Singapore ($X), with a 5.1% share of total imports. It was followed by the Netherlands, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from India totaled +135.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+33.2% per year) and the Netherlands (+15.1% per year).

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, with an increase of 1.7% against the previous year. Overall, the import price continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2018 an increase of 21%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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