EU: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in the EU

After five years of growth, the EU waffle and wafer market decreased by -13.5% to $X in 2021. Over the period under review, consumption, however, showed a remarkable increase. Over the period under review, the market reached the peak level at $X in 2020, and then declined in the following year.

Waffle And Wafer Production in the EU

In value terms, waffle and wafer production shrank to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.3% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 24% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Waffle And Wafer Exports

Exports in the EU

For the seventh year in a row, the European Union recorded growth in shipments abroad of waffles and wafers, which increased by 14% to X tons in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% 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 +71.8% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, waffle and wafer exports soared to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 +62.1% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Italy (X tons), Germany (X tons), Belgium (X tons), the Netherlands (X tons) and Austria (X tons) represented roughly 83% of total exports in 2021. Bulgaria (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +12.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest waffle and wafer supplying countries in the European Union were Poland ($X), Italy ($X) and Germany ($X), with a combined 61% share of total exports.

Among the main exporting countries, Poland, with a CAGR of +15.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, increasing by 6.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.1%), while the other leaders experienced more modest paces of growth.

Waffle And Wafer Imports

Imports in the EU

In 2021, approx. X tons of waffles and wafers were imported in the European Union; with an increase of 12% on the year before. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, waffle and wafer imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) and France (X tons) were the major importers of waffles and wafers in the European Union, together finishing at approx. 34% of total imports. Italy (X tons) held the next position in the ranking, followed by the Netherlands (X tons), Romania (X tons), Belgium (X tons), Poland (X tons), the Czech Republic (X tons) and Spain (X tons). All these countries together held approx. 43% share of total imports. The following importers - Hungary (X tons), Austria (X tons), Slovakia (X tons) and Slovenia (X tons) - together made up 9.6% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Romania (with a CAGR of +16.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 43% of total imports. Belgium, the Netherlands, Poland, Romania, Spain, the Czech Republic, Austria, Hungary, Slovakia and Slovenia lagged somewhat behind, together accounting for a further 44%.

Romania, with a CAGR of +17.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, surging by 5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 7.8%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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