CIS: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in CIS

In 2022, the CIS market for gingerbread, sweet biscuits and waffles decreased by -0.1% to $X, falling for the second year in a row after five years of growth. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 6.3% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Gingerbread, Sweet Biscuits and Waffles in CIS

In value terms, gingerbread, sweet biscuit and waffle production reached $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 6.1% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in CIS

For the eleventh consecutive year, the CIS recorded growth in shipments abroad of gingerbread, sweet biscuits and waffles, which increased by 2.3% to X tons in 2022. Overall, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 34% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle exports totaled $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +70.4% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of 24%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Russia dominates exports structure, finishing at X tons, which was near 79% of total exports in 2022. Kazakhstan (X tons) held the second position in the ranking, followed by Uzbekistan (X tons). All these countries together took near 13% share of total exports. The following exporters - Moldova (X tons) and Belarus (X tons) - together made up 7.6% of total exports.

Exports from Russia increased at an average annual rate of +9.7% from 2012 to 2022. At the same time, Uzbekistan (+39.0%), Kazakhstan (+10.3%) and Belarus (+2.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +39.0% from 2012-2022. Moldova experienced a relatively flat trend pattern. Uzbekistan (+6.1 p.p.) and Russia (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while Belarus and Moldova saw its share reduced by -2.7% and -6.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest gingerbread, sweet biscuit and waffle supplier in the CIS, comprising 76% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 9.9% share of total exports. It was followed by Moldova, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at +5.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (+12.8% per year) and Moldova (+3.4% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price saw a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the export price increased by 12% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+3.5%), while the other leaders experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in CIS

In 2022, the amount of gingerbread, sweet biscuits and waffles imported in the CIS reduced to X tons, falling by -5.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.7% 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 2018 with an increase of 17% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, gingerbread, sweet biscuit and waffle imports reached $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 +86.7% against 2015 indices. The growth pace was the most rapid in 2017 when imports increased by 25%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of gingerbread, sweet biscuit and waffle imports in 2022 were Kazakhstan (X tons), Russia (X tons), Belarus (X tons), Kyrgyzstan (X tons) and Azerbaijan (X tons), together recording 80% of total import. Tajikistan (X tons) ranks next in terms of the total imports with a 7.2% share, followed by Uzbekistan (6.5%).

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, the largest gingerbread, sweet biscuit and waffle importing markets in the CIS were Russia ($X), Kazakhstan ($X) and Belarus ($X), together comprising 62% of total imports. Azerbaijan, Uzbekistan, Kyrgyzstan and Tajikistan lagged somewhat behind, together accounting for a further 30%.

In terms of the main importing countries, Uzbekistan, with a CAGR of +51.1%, saw 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

In 2022, the import price in the CIS amounted to $X per ton, growing by 9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2022.

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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