CIS: Gingerbread Market 2024

Gingerbread Market Size in CIS

The CIS gingerbread market dropped modestly to $X in 2022, reducing by -1.6% against the previous year. In general, consumption, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when the market value increased by 4.1% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Gingerbread Production in CIS

In value terms, gingerbread production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 7.3% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Gingerbread Exports

Exports in CIS

Gingerbread exports was estimated at X tons in 2022, surging by 6.5% on 2021. Overall, exports recorded a strong expansion. The growth pace was the most rapid in 2016 with an increase of 76% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, gingerbread exports rose notably to $X in 2022. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 63% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Russia was the largest exporting country with an export of around X tons, which resulted at 80% of total exports. It was distantly followed by Moldova (X tons) and Belarus (X tons), together committing a 19% share of total exports.

Russia was also the fastest-growing in terms of the gingerbread exports, with a CAGR of +25.6% from 2012 to 2022. At the same time, Moldova (+7.7%) displayed positive paces of growth. By contrast, Belarus (-3.7%) illustrated a downward trend over the same period. Russia (+48 p.p.) significantly strengthened its position in terms of the total exports, while Moldova and Belarus saw its share reduced by -9.1% and -40% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest gingerbread supplier in the CIS, comprising 73% of total exports. The second position in the ranking was taken by Moldova ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +15.4%. In the other countries, the average annual rates were as follows: Moldova (+7.0% per year) and Belarus (-1.2% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, leveling off at the previous year. In general, the export price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2021 an increase of 14%. The level of export peaked at $X per ton in 2013; however, from 2014 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 Moldova ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+2.6%), while the other leaders experienced a decline in the export price figures.

Gingerbread Imports

Imports in CIS

In 2022, overseas purchases of gingerbread increased by 3.4% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 61%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, gingerbread imports expanded significantly to $X in 2022. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 70%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Belarus was the largest importer of gingerbread in the CIS, with the volume of imports recording X tons, which was approx. 51% of total imports in 2022. Russia (X tons) held the second position in the ranking, followed by Kazakhstan (X tons) and Moldova (X tons). All these countries together took near 41% share of total imports. Azerbaijan (X tons) and Kyrgyzstan (X tons) followed a long way behind the leaders.

Belarus was also the fastest-growing in terms of the gingerbread imports, with a CAGR of +61.4% from 2012 to 2022. At the same time, Kyrgyzstan (+13.7%), Kazakhstan (+12.4%), Azerbaijan (+11.7%) and Moldova (+4.2%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. Belarus (+49 p.p.) significantly strengthened its position in terms of the total imports, while Moldova and Russia saw its share reduced by -8.3% and -39.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X), Russia ($X) and Kazakhstan ($X) were the countries with the highest levels of imports in 2022, together comprising 86% of total imports.

Belarus, with a CAGR of +60.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, growing by 5.8% against the previous year. Over the period under review, the import price, however, showed a pronounced setback. The pace of growth was the most pronounced in 2019 when the import price increased by 6.7% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 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 Russia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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