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

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

The East European market for sweet biscuits, waffles and wafers rose to $X in 2021, with an increase of 2.7% against the previous year. Overall, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the market value increased by 9.4%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Sweet Biscuits, Waffles and Wafers in Eastern Europe

In value terms, sweet biscuit, waffle and wafer production reached $X in 2021 estimated in export price. Over the period under review, production saw a mild decrease. The most prominent rate of growth was recorded in 2016 with an increase of 8.3%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports in Eastern Europe

For the seventh year in a row, Eastern Europe recorded growth in overseas shipments of sweet biscuits, waffles and wafers, which increased by 5.1% to X tons in 2021. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.7% against 2012 indices. The growth pace was the most rapid in 2016 when exports increased by 15% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, sweet biscuit, waffle and wafer exports rose significantly to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.2% against 2015 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 20%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

In 2021, Poland (X tons), distantly followed by Russia (X tons), the Czech Republic (X tons), Ukraine (X tons) and Bulgaria (X tons) were the main exporters of sweet biscuits, waffles and wafers, together achieving 89% of total exports. The following exporters - Slovakia (X tons) and Romania (X tons) - together made up 4.7% of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +10.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest sweet biscuit, waffle and wafer supplier in Eastern Europe, comprising 50% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 13% share of total exports. It was followed by Russia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland amounted to +10.9%. In the other countries, the average annual rates were as follows: the Czech Republic (+6.1% per year) and Russia (+6.7% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, rising by 8.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+3.4%), while the other leaders experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports in Eastern Europe

In 2021, purchases abroad of sweet biscuits, waffles and wafers increased by 4.7% to X tons, rising for the sixth consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 15%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, sweet biscuit, waffle and wafer imports soared to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.1% 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 +65.9% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 16% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

The purchases of the eight major importers of sweet biscuits, waffles and wafers, namely Romania, Poland, the Czech Republic, Russia, Belarus, Hungary, Slovakia and Bulgaria, represented more than two-thirds of total import.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +10.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit, waffle and wafer importing markets in Eastern Europe were Poland ($X), Romania ($X) and the Czech Republic ($X), with a combined 49% share of total imports.

Among the main importing countries, Romania, with a CAGR of +12.6%, 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 2021, surging by 10% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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