CIS: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in CIS

The CIS market for sweet biscuits, waffles and wafers totaled $X in 2021, increasing by 6% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Sweet Biscuits, Waffles and Wafers in CIS

In value terms, sweet biscuit, waffle and wafer production rose modestly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 14%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports of Sweet Biscuits, Waffles and Wafers

Exports in CIS

In 2021, approx. X tons of sweet biscuits, waffles and wafers were exported in the CIS; surging by 4% compared with the previous year. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 18%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, sweet biscuit, waffle and wafer exports surged to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.0% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 20% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Russia dominates exports structure, recording X tons, which was approx. 82% of total exports in 2021. Kazakhstan (X tons) took a 4.8% share (based on physical terms) of total exports, which put it in second place, followed by Moldova (4.6%). The following exporters - Belarus (X tons) and Uzbekistan (X tons) - each recorded a 7.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to sweet biscuit, waffle and wafer exports from Russia stood at +10.8%. At the same time, Uzbekistan (+30.5%), Belarus (+8.3%) and Kazakhstan (+7.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +30.5% from 2012-2021. Moldova experienced a relatively flat trend pattern. From 2012 to 2021, the share of Russia and Uzbekistan increased by +4.7 and +3.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest sweet biscuit, waffle and wafer supplier in the CIS, comprising 83% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 5% share of total exports. It was followed by Belarus, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to +6.7%. In the other countries, the average annual rates were as follows: Kazakhstan (+5.6% per year) and Belarus (+5.3% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, with an increase of 12% against the previous year. Overall, the export price, however, showed a perceptible setback. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Moldova (+2.7%), while the other leaders experienced a decline in the export price figures.

Imports of Sweet Biscuits, Waffles and Wafers

Imports in CIS

In 2021, overseas purchases of sweet biscuits, waffles and wafers increased by 13% to X tons, rising for the fifth consecutive year after three years of decline. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 15%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, sweet biscuit, waffle and wafer imports surged to $X in 2021. Total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.7% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 24%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Kazakhstan (X tons), Russia (X tons) and Belarus (X tons) represented the main importer of sweet biscuits, waffles and wafers in the CIS, mixing up 61% of total import. Kyrgyzstan (X tons) took the next position in the ranking, followed by Azerbaijan (X tons), Tajikistan (X tons) and Uzbekistan (X tons). All these countries together took near 33% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +49.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Kazakhstan ($X) and Belarus ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 67% of total imports. These countries were followed by Azerbaijan, Kyrgyzstan, Uzbekistan and Tajikistan, which together accounted for a further 27%.

In terms of the main importing countries, Uzbekistan, with a CAGR of +57.8%, saw the highest rates of growth with regard to 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 2021, the import price in the CIS amounted to $X per ton, surging by 9.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat 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 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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