Overview of the Global Market for Gingerbread, Sweet Biscuits and Waffles

Market Size for Gingerbread, Sweet Biscuits and Waffles

The global market for gingerbread, sweet biscuits and waffles was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 6.9%. Over the period under review, the global market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles

In value terms, gingerbread, sweet biscuit and waffle production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 15% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports

In 2022, the amount of gingerbread, sweet biscuits and waffles exported worldwide rose slightly to X tons, increasing by 4.4% on the year before. The total export volume increased at an average annual rate of +4.3% 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 2021 when exports increased by 11% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle exports reached $X in 2022. The total export value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The shipments of the twelve major exporters of gingerbread, sweet biscuits and waffles, namely Mexico, Germany, Indonesia, Turkey, the Netherlands, Poland, Belgium, India, Italy, Canada, Russia and Spain, represented more than half of total export. The Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +16.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Canada ($X) were the countries with the highest levels of exports in 2022, together comprising 24% of global exports. Mexico, Italy, the Netherlands, Belgium, Indonesia, Turkey, Spain, the Czech Republic, India and Russia lagged somewhat behind, together accounting for a further 45%.

Indonesia, with a CAGR of +14.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, surging by 3.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 3.7%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.5%), while the other global leaders experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports

Global gingerbread, sweet biscuit and waffle imports rose slightly to X tons in 2022, surging by 2.8% compared with the previous year. The total import volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 8.3% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, gingerbread, sweet biscuit and waffle imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of +4.6% over the period 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 2021 with an increase of 13%. Over the period under review, global imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X tons), distantly followed by Germany (X tons), France (X tons) and the UK (X tons) were the largest importers of gingerbread, sweet biscuits and waffles, together generating 32% of total imports. The Netherlands (X tons), Iraq (X tons), China (X tons), Belgium (X tons), Canada (X tons), Italy (X tons), Yemen (X tons), Spain (X tons) and Romania (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to gingerbread, sweet biscuit and waffle imports into the United States stood at +8.0%. At the same time, China (+12.4%), Romania (+9.6%), the UK (+6.6%), Germany (+4.0%), Spain (+3.7%), Iraq (+3.5%), Italy (+3.2%), Canada (+3.1%), Yemen (+2.9%) and the Netherlands (+1.3%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +12.4% from 2012-2022. France and Belgium experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by +5.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported gingerbread, sweet biscuits and waffles worldwide, comprising 19% of global imports. The second position in the ranking was held by the UK ($X), with a 6.1% share of global imports. It was followed by Germany, with a 5.8% share.

In the United States, gingerbread, sweet biscuit and waffle imports expanded at an average annual rate of +8.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (+6.4% per year) and Germany (+3.7% per year).

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, increasing by 3.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 6.5% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+2.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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