Eastern Europe: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Eastern Europe

The East European market for gingerbread, sweet biscuits and waffles stood at $X in 2022, approximately mirroring the previous year. In general, consumption, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2017 when the market value increased by 6.6% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in Eastern Europe

In value terms, gingerbread, sweet biscuit and waffle production soared to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced contraction. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in Eastern Europe

For the eighth consecutive year, Eastern Europe recorded growth in overseas shipments of gingerbread, sweet biscuits and waffles, which increased by 0.5% to X tons in 2022. Total exports indicated a remarkable 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, exports increased by +44.7% against 2013 indices. The growth pace was the most rapid in 2013 when exports increased by 15%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle exports amounted to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +78.1% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 20%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Poland was the largest exporting country with an export of around X tons, which resulted at 39% of total exports. Russia (X tons) ranks second in terms of the total exports with a 21% share, followed by the Czech Republic (17%), Ukraine (6.8%) and Bulgaria (4.6%). Slovakia (X tons) and Romania (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of +9.7%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest gingerbread, sweet biscuit and waffle supplier in Eastern Europe, comprising 54% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 14% share of total exports. It was followed by Russia, with an 11% share.

In Poland, gingerbread, sweet biscuit and waffle exports increased at an average annual rate of +11.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (+6.2% per year) and Russia (+5.3% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, growing by 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2021 when the export price increased by 8.9%. The level of export peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+2.6%), while the other leaders experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in Eastern Europe

In 2022, purchases abroad of gingerbread, sweet biscuits and waffles increased by 2.9% to X tons, rising for the seventh consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; 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 16%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle imports stood at $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +81.6% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of gingerbread, sweet biscuit and waffle imports in 2022 were Romania (X tons), Poland (X tons), the Czech Republic (X tons), Russia (X tons), Slovakia (X tons), Hungary (X tons), Belarus (X tons) and Bulgaria (X tons), together reaching 88% of total import.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +9.6%), 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 Eastern Europe were Poland ($X), Romania ($X) and the Czech Republic ($X), with a combined 50% share of total imports.

Among the main importing countries, Romania, with a CAGR of +12.3%, 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

The import price in Eastern Europe stood at $X per ton in 2022, surging by 2.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 10% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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