Iran: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Iran

The Iranian market for gingerbread, sweet biscuits and waffles reached $X in 2022, increasing by 2% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Gingerbread, Sweet Biscuits and Waffles in Iran

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 +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 37% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Iran

In 2022, gingerbread, sweet biscuit and waffle exports from Iran shrank sharply to X tons, which is down by -16.1% compared with the previous year. Over the period under review, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 83%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle exports contracted significantly to $X in 2022. Overall, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 56%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Iran, with a 66% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to Azerbaijan exceeded the volume sent to the second major destination, Turkey (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to Azerbaijan totaled +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+77.0% per year) and Germany (+4.9% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from Iran, comprising 50% of total exports. The second position in the ranking was held by Turkey ($X), with a 20% share of total exports. It was followed by Germany, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Azerbaijan stood at +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+63.8% per year) and Germany (+1.9% per year).

Export Prices by Country

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, shrinking by -2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2015 an increase of 38%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; afterwards, it flattened through to 2022.

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 Germany ($X per ton), while the average price for exports to Azerbaijan ($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 Iraq (+217.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Iran

In 2022, purchases abroad of gingerbread, sweet biscuits and waffles was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed noticeable growth. The growth pace was the most rapid in 2015 when imports increased by 116% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle imports rose remarkably to $X in 2022. In general, imports showed a measured expansion. The pace of growth was the most pronounced in 2015 when imports increased by 142% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to Iran, with a 78% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Turkey exceeded the figures recorded by the second-largest supplier, Armenia (X tons), more than tenfold. Georgia (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Armenia (+56.1% per year) and Georgia (+59.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Iran, comprising 66% of total imports. The second position in the ranking was taken by Armenia ($X), with a 6% share of total imports. It was followed by Germany, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Armenia (+65.7% per year) and Germany (-0.3% per year).

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, shrinking by -3.2% against the previous year. In general, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2016 an increase of 26%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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