India: Market for Gingerbread, Sweet Biscuits and Waffles 2025

Market Size for Gingerbread, Sweet Biscuits and Waffles in India

In 2022, the Indian market for gingerbread, sweet biscuits and waffles decreased by -1.2% to $X, falling for the second consecutive year after six years of growth. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by 7.7% against the previous year. Gingerbread, sweet biscuit and waffle consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in India

In value terms, gingerbread, sweet biscuit and waffle production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 7.3% against the previous year. Gingerbread, sweet biscuit and waffle production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from India

In 2022, gingerbread, sweet biscuit and waffle exports from India soared to X tons, increasing by 24% on the previous year's figure. In general, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.8% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 27% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle exports soared to $X in 2022. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.6% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 31%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Angola (X tons), Yemen (X tons) and the United States (X tons) were the main destinations of gingerbread, sweet biscuit and waffle exports from India, with a combined 21% share of total exports. Chad, Democratic Republic of the Congo, South Africa, Uganda, Tanzania, Benin, Somalia, Oman, Cameroon and Kenya lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chad (with a CAGR of +84.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from India, comprising 12% of total exports. The second position in the ranking was held by Angola ($X), with a 5.6% share of total exports. It was followed by Yemen, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+7.1% per year) and Yemen (+21.5% per year).

Export Prices by Country

In 2022, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, surging by 5.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chad ($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 the United States (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into India

In 2022, after two years of decline, there was significant growth in overseas purchases of gingerbread, sweet biscuits and waffles, when their volume increased by 10% to X tons. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 64% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle imports totaled $X in 2022. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 66% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to India, accounting for a 46% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. Bangladesh (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+10.4% per year) and Bangladesh (+42.3% per year).

In value terms, Indonesia ($X), Malaysia ($X) and Bangladesh ($X) were the largest gingerbread, sweet biscuit and waffle suppliers to India, with a combined 71% share of total imports.

Among the main suppliers, Bangladesh, with a CAGR of +45.1%, 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, which is down by -1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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