Belarus: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Belarus

The Belarusian market for gingerbread, sweet biscuits and waffles contracted slightly to $X in 2022, which is down by -4.8% against the previous year. Overall, consumption continues to indicate a pronounced descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in Belarus

In value terms, gingerbread, sweet biscuit and waffle production dropped modestly to $X in 2022 estimated in export price. Overall, production saw a abrupt decline. The growth pace was the most rapid in 2019 with an increase of 8.1% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Belarus

In 2022, shipments abroad of gingerbread, sweet biscuits and waffles decreased by -26.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, the exports reached the peak of X tons, and then declined sharply in the following year.

In value terms, gingerbread, sweet biscuit and waffle exports fell to $X in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 35% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Russia (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Belarus, with a 73% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold. Kazakhstan (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+17.3% per year) and Kazakhstan (+24.9% per year).

In value terms, Russia ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from Belarus, comprising 68% of total exports. The second position in the ranking was held by Ukraine ($X), with a 9.1% share of total exports. It was followed by Kazakhstan, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+19.6% per year) and Kazakhstan (+21.9% per year).

Export Prices by Country

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, picking up by 17% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 19% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Russia ($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 Ukraine (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Belarus

In 2022, purchases abroad of gingerbread, sweet biscuits and waffles decreased by -19.1% to X tons, falling for the third year in a row after eight years of growth. In general, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 38%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle imports reduced markedly to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.8% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 59% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest gingerbread, sweet biscuit and waffle supplier to Belarus, accounting for a 73% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+0.3% per year) and Poland (+22.8% per year).

In value terms, Russia ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Belarus, comprising 71% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+0.3% per year) and Poland (+12.4% per year).

Import Prices by Country

In 2022, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, picking up by 4.9% against the previous year. In general, the import price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2013 an increase of 15%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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