Bangladesh: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Bangladesh

After two years of decline, the Bangladeshi market for sweet biscuits, waffles and wafers increased by 5.6% to $X in 2021. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.3% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Sweet Biscuits, Waffles and Wafers in Bangladesh

In value terms, sweet biscuit, waffle and wafer production rose slightly to $X in 2021 estimated in export price. In general, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.3% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 58%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Bangladesh

After seven years of growth, overseas shipments of sweet biscuits, waffles and wafers decreased by -34.3% to X tons in 2021. In general, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 43%. The exports peaked at X tons in 2020, and then dropped rapidly in the following year.

In value terms, sweet biscuit, waffle and wafer exports fell markedly to $X in 2021. Overall, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 58% against the previous year. The exports peaked at $X in 2020, and then shrank rapidly in the following year.

Exports by Country

Saudi Arabia (X tons), the Philippines (X tons) and Malaysia (X tons) were the main destinations of sweet biscuit, waffle and wafer exports from Bangladesh, with a combined 52% share of total exports.

From 2012 to 2021, 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 +366.2%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for sweet biscuits, waffles and wafers exports from Bangladesh, comprising 24% of total exports. The second position in the ranking was taken by the Philippines ($X), with an 11% share of total exports. It was followed by the United Arab Emirates, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia stood at +40.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+475.4% per year) and the United Arab Emirates (+6.8% per year).

Export Prices by Country

In 2021, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, picking up by 9.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 an increase of 37%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Qatar ($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 the Philippines (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Bangladesh

In 2021, imports of sweet biscuits, waffles and wafers into Bangladesh skyrocketed to X tons, with an increase of 116% on the previous year's figure. In general, imports showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 165%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, sweet biscuit, waffle and wafer imports surged to $X in 2021. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 154% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

India (X tons), Malaysia (X tons) and the United Arab Emirates (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Bangladesh, with a combined 47% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +91.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Malaysia ($X) and the United Arab Emirates ($X) were the largest sweet biscuit, waffle and wafer suppliers to Bangladesh, with a combined 47% share of total imports.

Among the main suppliers, India, with a CAGR of +97.9%, recorded 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 average import price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, declining by -9.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 21% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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