Indonesia: Market for Gingerbread, Sweet Biscuits and Waffles 2025

Market Size for Gingerbread, Sweet Biscuits and Waffles in Indonesia

The Indonesian market for gingerbread, sweet biscuits and waffles declined modestly to $X in 2022, reducing by -2.3% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Gingerbread, Sweet Biscuits and Waffles in Indonesia

In value terms, gingerbread, sweet biscuit and waffle production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% 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 2015 with an increase of 20%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Indonesia

For the eleventh consecutive year, Indonesia recorded growth in overseas shipments of gingerbread, sweet biscuits and waffles, which increased by 21% to X tons in 2022. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 30%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, gingerbread, sweet biscuit and waffle exports surged to $X in 2022. Over the period under review, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), the Philippines (X tons) and Vietnam (X tons) were the main destinations of gingerbread, sweet biscuit and waffle exports from Indonesia, together comprising 50% of total exports. Thailand, Malaysia, Myanmar, Australia, Taiwan (Chinese), Cambodia and the United States 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 Myanmar (with a CAGR of +57.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from Indonesia, comprising 29% of total exports. The second position in the ranking was held by the Philippines ($X), with a 13% share of total exports. It was followed by Vietnam, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+23.4% per year) and Vietnam (+13.0% 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 4.8% against the previous year. Over the period under review, the export price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 9.1%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Indonesia

In 2022, approx. X tons of gingerbread, sweet biscuits and waffles were imported into Indonesia; with an increase of 32% against 2021 figures. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 42%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, gingerbread, sweet biscuit and waffle imports surged to $X in 2022. Over the period under review, imports saw buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by 47%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Malaysia (X tons), Thailand (X tons) and Italy (X tons) were the main suppliers of gingerbread, sweet biscuit and waffle imports to Indonesia, together comprising 83% of total imports. These countries were followed by Belgium, which accounted for a further 2%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +34.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Italy ($X) appeared to be the largest gingerbread, sweet biscuit and waffle suppliers to Indonesia, with a combined 78% share of total imports. These countries were followed by Belgium, which accounted for a further 2.2%.

Belgium, with a CAGR of +25.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, increasing by 5.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Malaysia ($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 (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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