Czech Republic: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in the Czech Republic

In 2021, after three years of growth, there was significant decline in the Czech waffle and wafer market, when its value decreased by -59.8% to $X. In general, consumption showed a perceptible curtailment. Waffle and wafer consumption peaked at $X in 2020, and then plummeted in the following year.

Waffle And Wafer Production in the Czech Republic

In value terms, waffle and wafer production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 119%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Waffle And Wafer Exports

Exports from the Czech Republic

In 2021, approx. X tons of waffles and wafers were exported from the Czech Republic; surging by 6.1% compared with the year before. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 48%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, waffle and wafer exports soared to $X in 2021. Overall, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 +50.9% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 57%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Slovakia (X tons), France (X tons) and Belgium (X tons) were the main destinations of waffle and wafer exports from the Czech Republic, together accounting for 50% of total exports. These countries were followed by Germany, Poland, Australia, Bulgaria, Romania, Italy, Spain, the UK, Portugal and Sweden, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +203.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) remains the key foreign market for waffles and wafers exports from the Czech Republic, comprising 31% of total exports. The second position in the ranking was taken by France ($X), with a 12% share of total exports. It was followed by Germany, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia amounted to +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.0% per year) and Germany (+3.6% per year).

Export Prices by Country

In 2021, the average waffle and wafer export price amounted to $X per ton, rising by 8.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2020 when the average export price increased by 9.4% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Slovakia ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Waffle And Wafer Imports

Imports into the Czech Republic

In 2021, waffle and wafer imports into the Czech Republic stood at X tons, with an increase of 3.9% compared with 2020. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 72% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, waffle and wafer imports rose markedly to $X in 2021. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Slovakia (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of waffle and wafer imports to the Czech Republic, with a combined 86% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +35.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Poland ($X) and Germany ($X) appeared to be the largest waffle and wafer suppliers to the Czech Republic, with a combined 89% share of total imports.

Slovakia, with a CAGR of +34.7%, saw the highest growth rate of 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

The average waffle and wafer import price stood at $X per ton in 2021, with an increase of 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Romania ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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