Ethiopia: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Ethiopia

The Ethiopian market for gingerbread, sweet biscuits and waffles expanded sharply to $X in 2022, growing by 5.4% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Production of Gingerbread, Sweet Biscuits and Waffles in Ethiopia

In value terms, gingerbread, sweet biscuit and waffle production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Ethiopia

In 2022, the amount of gingerbread, sweet biscuits and waffles exported from Ethiopia skyrocketed to X tons, increasing by 99% compared with the previous year's figure. Over the period under review, exports enjoyed notable growth. The growth pace was the most rapid in 2020 with an increase of 410%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle exports surged to $X in 2022. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 331% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Denmark (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Ethiopia, with a 54% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to Denmark exceeded the volume sent to the second major destination, Sudan (X tons), twofold. Djibouti (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark stood at +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-4.6% per year) and Djibouti (+10.3% per year).

In value terms, Denmark ($X) emerged as the key foreign market for gingerbread, sweet biscuits and waffles exports from Ethiopia, comprising 39% of total exports. The second position in the ranking was held by Djibouti ($X), with an 18% share of total exports. It was followed by Sudan, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Denmark amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Djibouti (+16.8% per year) and Sudan (-3.2% per year).

Export Prices by Country

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, waning by -33.6% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 increased by +11.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 67% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Sudan ($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 Belgium (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Ethiopia

In 2022, purchases abroad of gingerbread, sweet biscuits and waffles was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a pronounced downturn. The growth pace was the most rapid in 2017 with an increase of 416% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle imports skyrocketed to $X in 2022. Overall, imports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2017 when imports increased by 258%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to Ethiopia, accounting for a 43% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Norway (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia amounted to +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+0.2% per year) and Norway (+21.6% per year).

In value terms, the largest gingerbread, sweet biscuit and waffle suppliers to Ethiopia were Saudi Arabia ($X), Turkey ($X) and Norway ($X), with a combined 59% share of total imports. Egypt, the United Arab Emirates, India, Oman, Yemen and Tunisia lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, Egypt, with a CAGR of +27.8%, saw the highest growth rate of 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 average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, falling by -11.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 27%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform