Eastern Europe: Gingerbread Market 2024

Gingerbread Market Size in Eastern Europe

The East European gingerbread market declined modestly to $X in 2022, which is down by -1.9% against the previous year. In general, consumption, however, saw a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 5.9%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Gingerbread Production in Eastern Europe

In value terms, gingerbread production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep slump. The growth pace was the most rapid in 2021 when the production volume increased by 8.3%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Gingerbread Exports

Exports in Eastern Europe

In 2022, approx. X tons of gingerbread were exported in Eastern Europe; picking up by 5.4% against 2021 figures. Total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +102.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 45%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, gingerbread exports skyrocketed to $X in 2022. Over the period under review, exports posted strong growth. The growth pace was the most rapid in 2017 when exports increased by 60% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Poland was the main exporting country with an export of around X tons, which resulted at 47% of total exports. It was distantly followed by Russia (X tons), Ukraine (X tons), Lithuania (X tons) and the Czech Republic (X tons), together creating a 39% share of total exports. The following exporters - Latvia (X tons) and Slovakia (X tons) - together made up 6.7% of total exports.

Exports from Poland increased at an average annual rate of +9.8% from 2012 to 2022. At the same time, Russia (+25.6%), Slovakia (+21.5%) and Ukraine (+6.6%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +25.6% from 2012-2022. By contrast, the Czech Republic (-2.4%), Lithuania (-2.6%) and Latvia (-6.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Poland and Slovakia increased by +14, +12 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest gingerbread supplier in Eastern Europe, comprising 58% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 9.8% share of total exports. It was followed by Russia, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland totaled +10.8%. In the other countries, the average annual rates were as follows: the Czech Republic (-3.8% per year) and Russia (+15.4% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, picking up by 9.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 12% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+5.7%), while the other leaders experienced more modest paces of growth.

Gingerbread Imports

Imports in Eastern Europe

In 2022, imports of gingerbread in Eastern Europe stood at X tons, approximately reflecting 2021 figures. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, gingerbread imports contracted modestly to $X in 2022. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Slovakia represented the key importer of gingerbread in Eastern Europe, with the volume of imports resulting at X tons, which was approx. 33% of total imports in 2022. Romania (X tons) took the second position in the ranking, followed by Belarus (X tons), the Czech Republic (X tons), Hungary (X tons) and Poland (X tons). All these countries together took near 49% share of total imports. Bulgaria (X tons) followed a long way behind the leaders.

Imports into Slovakia increased at an average annual rate of +15.4% from 2012 to 2022. At the same time, Belarus (+61.4%), Bulgaria (+22.1%), Poland (+20.5%), Romania (+11.1%), Hungary (+10.8%) and the Czech Republic (+7.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +61.4% from 2012-2022. Slovakia (+11 p.p.), Belarus (+11 p.p.), Poland (+4.3 p.p.) and Bulgaria (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic saw its share reduced by -3.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) constitutes the largest market for imported gingerbread in Eastern Europe, comprising 46% of total imports. The second position in the ranking was taken by Romania ($X), with an 11% share of total imports. It was followed by Poland, with a 9.7% share.

In Slovakia, gingerbread imports increased at an average annual rate of +16.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Romania (+12.3% per year) and Poland (+19.5% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, which is down by -1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 an increase of 17% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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