Cote d'Ivoire: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Cote d'Ivoire

The Cote d'Ivoire's market for gingerbread, sweet biscuits and waffles declined to $X in 2022, dropping by -3.4% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +73.6% against 2014 indices. Gingerbread, sweet biscuit and waffle consumption peaked at $X in 2021, and then dropped modestly in the following year.

Production of Gingerbread, Sweet Biscuits and Waffles in Cote d'Ivoire

In value terms, gingerbread, sweet biscuit and waffle production contracted to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 55%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Cote d'Ivoire

In 2022, shipments abroad of gingerbread, sweet biscuits and waffles was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a mild contraction. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports surged to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Mali (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Cote d'Ivoire, accounting for a 76% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to Mali exceeded the volume sent to the second major destination, Burkina Faso (X tons), fivefold. The third position in this ranking was taken by Niger (X tons), with a 3% share.

From 2012 to 2022, the average annual growth rate of volume to Mali was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+0.4% per year) and Niger (+7.9% per year).

In value terms, Mali ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from Cote d'Ivoire, comprising 87% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with an 8.4% share of total exports. It was followed by Niger, with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mali totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-1.9% per year) and Niger (+3.0% per year).

Export Prices by Country

In 2022, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, rising by 30% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gingerbread, sweet biscuit and waffle export price decreased by -4.3% against 2020 indices. The pace of growth appeared the most rapid in 2019 an increase of 37% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mali ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+5.0%), while the prices for the other major destinations experienced a decline.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Cote d'Ivoire

In 2022, the amount of gingerbread, sweet biscuits and waffles imported into Cote d'Ivoire shrank to X tons, with a decrease of -9.9% on the previous year. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +8.8% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, gingerbread, sweet biscuit and waffle imports shrank to $X in 2022. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to Cote d'Ivoire, with a 42% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Turkey exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The third position in this ranking was held by Iran (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+36.9% per year) and Iran (-4.3% per year).

In value terms, the largest gingerbread, sweet biscuit and waffle suppliers to Cote d'Ivoire were Turkey ($X), France ($X) and Thailand ($X), together comprising 68% of total imports.

Thailand, with a CAGR of +37.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, dropping by -3% against the previous year. In general, the import price, however, enjoyed strong growth. The pace of growth was the most pronounced in 2019 an increase of 46% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then reduced modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform