Central Asia: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Central Asia

The Central Asian market for gingerbread, sweet biscuits and waffles contracted to $X in 2022, stabilizing at the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 7.4% against the previous year. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in Central Asia

In value terms, gingerbread, sweet biscuit and waffle production expanded to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 10%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in Central Asia

In 2022, approx. X tons of gingerbread, sweet biscuits and waffles were exported in Central Asia; increasing by 65% compared with 2021. Over the period under review, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle exports soared to $X in 2022. In general, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Kazakhstan (X tons) and Uzbekistan (X tons), together finishing at 98% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Uzbekistan (with a CAGR of +39.0%).

In value terms, Kazakhstan ($X) remains the largest gingerbread, sweet biscuit and waffle supplier in Central Asia, comprising 71% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to +12.8%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, increasing by 25% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.3%).

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in Central Asia

In 2022, after five years of growth, there was decline in overseas purchases of gingerbread, sweet biscuits and waffles, when their volume decreased by -2.7% to X tons. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 14%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, gingerbread, sweet biscuit and waffle imports reached $X in 2022. Total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Kazakhstan represented the largest importer of gingerbread, sweet biscuits and waffles in Central Asia, with the volume of imports accounting for X tons, which was approx. 38% of total imports in 2022. Kyrgyzstan (X tons) held a 22% share (based on physical terms) of total imports, which put it in second place, followed by Mongolia (14%), Tajikistan (13%) and Uzbekistan (12%). Turkmenistan (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +45.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported gingerbread, sweet biscuits and waffles in Central Asia, comprising 44% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 16% share of total imports. It was followed by Mongolia, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at -1.7%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+51.1% per year) and Mongolia (+2.1% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, with an increase of 13% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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