Canada: Market for Gingerbread, Sweet Biscuits and Waffles 2025

Market Size for Gingerbread, Sweet Biscuits and Waffles in Canada

The Canadian market for gingerbread, sweet biscuits and waffles shrank slightly to $X in 2022, falling by -4.3% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Gingerbread, sweet biscuit and waffle consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in Canada

In value terms, gingerbread, sweet biscuit and waffle production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the production volume increased by 20%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Canada

In 2022, the amount of gingerbread, sweet biscuits and waffles exported from Canada totaled X tons, growing by 8.5% compared with 2021 figures. The total export volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 15%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle exports skyrocketed to $X in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +53.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Canada, with a 96% share of total exports. It was followed by Mexico (X tons), with a 1.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +1.6%.

In value terms, the United States ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from Canada, comprising 96% of total exports. The second position in the ranking was held by Mexico ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +5.5%.

Export Prices by Country

In 2022, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, surging by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.9%).

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Canada

In 2022, approx. X tons of gingerbread, sweet biscuits and waffles were imported into Canada; surging by 6.8% compared with the previous year. Overall, imports showed a temperate increase. The growth pace was the most rapid in 2018 when imports increased by 163%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle imports soared to $X in 2022. The total import value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest gingerbread, sweet biscuit and waffle supplier to Canada, accounting for a 45% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+41.2% per year) and Italy (+3.9% per year).

In value terms, the United States ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Canada, comprising 42% of total imports. The second position in the ranking was held by Mexico ($X), with a 9.4% share of total imports. It was followed by Italy, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+40.8% per year) and Italy (+5.6% per year).

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, rising by 8.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 114%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :