Germany: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Germany

For the sixth year in a row, the German waffle and wafer market recorded growth in sales value, which increased by 5.6% to $X in 2021. In general, consumption, however, showed a prominent expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Waffle And Wafer Production in Germany

In value terms, waffle and wafer production rose to $X in 2021 estimated in export price. Overall, production posted prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 142% against the previous year. Waffle and wafer production peaked in 2021 and is expected to retain growth in the immediate term.

Waffle And Wafer Exports

Exports from Germany

For the fourth consecutive year, Germany recorded growth in shipments abroad of waffles and wafers, which increased by 13% to X tons in 2021. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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. The total export value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), France (X tons) and Poland (X tons) were the main destinations of waffle and wafer exports from Germany, with a combined 37% share of total exports. Austria, the UK, Italy, Spain, Belgium, Switzerland, Denmark, Hungary, China and the Czech Republic lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +21.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for waffle and wafer exported from Germany were the Netherlands ($X), France ($X) and Poland ($X), together accounting for 34% of total exports. These countries were followed by Austria, the UK, Spain, Italy, Switzerland, China, Belgium, Denmark, the Czech Republic and Hungary, which together accounted for a further 43%.

Among the main countries of destination, China, with a CAGR of +33.0%, saw 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

In 2021, the average waffle and wafer export price amounted to $X per ton, surging by 9.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Waffle And Wafer Imports

Imports into Germany

For the seventh consecutive year, Germany recorded growth in overseas purchases of waffles and wafers, which increased by 5.4% to X tons in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.8% 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 +80.9% against 2012 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, waffle and wafer imports expanded rapidly to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% 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 +70.2% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 17%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Austria (X tons), Poland (X tons) and the Netherlands (X tons) were the main suppliers of waffle and wafer imports to Germany, with a combined 66% share of total imports. Belgium, Italy, Bulgaria and Turkey lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +23.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of waffles and wafers to Germany, comprising 35% of total imports. The second position in the ranking was taken by Austria ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland totaled +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+2.2% per year) and the Netherlands (+2.5% per year).

Import Prices by Country

In 2021, the average waffle and wafer import price amounted to $X per ton, with an increase of 6.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 8.6% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Belgium ($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 (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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