Europe: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Europe

In 2021, the Europe waffle and wafer market decreased by -10.5% to $X for the first time since 2015, thus ending a five-year rising trend. The total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Waffle And Wafer Production in Europe

In value terms, waffle and wafer production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. The level of production peaked at $X in 2020, and then shrank slightly in the following year.

Waffle And Wafer Exports

Exports in Europe

Waffle and wafer exports reached X tons in 2021, with an increase of 12% compared with the previous year. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% 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 +70.4% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, waffle and wafer exports surged to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.9% 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 +61.9% against 2015 indices. As a result, the exports attained 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), Russia (X tons), the Netherlands (X tons) and Austria (X tons) represented roughly 78% of total exports in 2021. Bulgaria (X tons), Ukraine (X tons), the Czech Republic (X tons), Slovakia (X tons) and the UK (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +35.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest waffle and wafer supplying countries in Europe were Poland ($X), Italy ($X) and Germany ($X), together accounting for 54% of total exports. Belgium, the Netherlands, Austria, Russia, Bulgaria, Ukraine, the Czech Republic, the UK and Slovakia lagged somewhat behind, together comprising a further 37%.

Slovakia, with a CAGR of +30.4%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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 Europe stood at $X per ton in 2021, increasing by 7.6% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Italy ($X per ton), while Russia ($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 (+6.1%), while the other leaders experienced more modest paces of growth.

Waffle And Wafer Imports

Imports in Europe

For the seventh year in a row, Europe recorded growth in supplies from abroad of waffles and wafers, which increased by 11% to X tons in 2021. The total import volume increased at an average annual rate of +4.5% over the period 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 soared to $X in 2021. The total import value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), France (X tons), the UK (X tons), Italy (X tons), the Netherlands (X tons), Romania (X tons), Belgium (X tons), Poland (X tons), the Czech Republic (X tons) and Spain (X tons) was the key importer of waffles and wafers in Europe, creating 71% of total import. The following importers - Belarus (X tons), Hungary (X tons) and Russia (X tons) - each reached a 7.3% share 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 the UK ($X) were the countries with the highest levels of imports in 2021, with a combined 38% share of total imports. Italy, Belgium, the Netherlands, Poland, Romania, Spain, the Czech Republic, Hungary, Russia and Belarus lagged somewhat behind, together comprising a further 40%.

Romania, with a CAGR of +17.9%, recorded the highest rates of growth with regard to the value of imports, among 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 Europe amounted to $X per ton, growing by 5.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 6.8% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the UK ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform