India: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in India

The Indian waffle and wafer market amounted to $X in 2021, remaining constant against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.3% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Waffle And Wafer Production in India

In value terms, waffle and wafer production reached $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 19%. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Waffle And Wafer Exports

Exports from India

In 2021, approx. X tons of waffles and wafers were exported from India; increasing by 38% compared with the year before. In general, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 40% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, waffle and wafer exports skyrocketed to $X in 2021. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 57% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Cambodia (X tons), Nepal (X tons) and South Africa (X tons) were the main destinations of waffle and wafer exports from India, together comprising 38% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +112.6%), while the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X), Nepal ($X) and Saudi Arabia ($X) constituted the largest markets for waffle and wafer exported from India worldwide, with a combined 44% share of total exports.

Cambodia, with a CAGR of +126.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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, approximately equating the previous year. In general, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, waffle and wafer export price decreased by -14.3% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 19% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Mozambique ($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 Saudi Arabia (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Waffle And Wafer Imports

Imports into India

In 2021, purchases abroad of waffles and wafers decreased by -22.7% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of 115%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, waffle and wafer imports rose modestly to $X in 2021. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 126% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), Myanmar (X tons) and the United Arab Emirates (X tons) were the main suppliers of waffle and wafer imports to India, with a combined 76% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of +60.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest waffle and wafer suppliers to India were Indonesia ($X), Malaysia ($X) and the United Arab Emirates ($X), together accounting for 74% of total imports. These countries were followed by Myanmar, Italy, China, Turkey and Poland, which together accounted for a further 20%.

Myanmar, with a CAGR of +37.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average waffle and wafer import price stood at $X per ton in 2021, growing by 35% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, waffle and wafer import price increased by +55.1% against 2019 indices. The growth pace was the most rapid in 2015 when the average import price increased by 52% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :