Iran: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Iran

The Iranian market for sweet biscuits, waffles and wafers expanded notably to $X in 2021, growing by 7.2% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.2% against 2019 indices. Sweet biscuit, waffle and wafer consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Sweet Biscuits, Waffles and Wafers in Iran

In value terms, sweet biscuit, waffle and wafer production rose markedly to $X in 2021 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.7% against 2019 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 27%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Iran

In 2021, after two years of decline, there was significant growth in overseas shipments of sweet biscuits, waffles and wafers, when their volume increased by 60% to X tons. In general, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2017 when exports increased by 83%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, sweet biscuit, waffle and wafer exports skyrocketed to $X in 2021. Overall, exports, however, recorded a mild descent. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Azerbaijan (X tons) was the main destination for sweet biscuit, waffle and wafer exports from Iran, accounting for a 53% share of total exports. Moreover, sweet biscuit, waffle and wafer exports to Azerbaijan exceeded the volume sent to the second major destination, Tajikistan (X tons), fivefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Azerbaijan totaled +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+2.6% per year) and the United Arab Emirates (+10.5% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for sweet biscuits, waffles and wafers exports from Iran, comprising 42% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 14% share of total exports. It was followed by the United Arab Emirates, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Azerbaijan stood at +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+4.1% per year) and the United Arab Emirates (+5.5% per year).

Export Prices by Country

In 2021, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, increasing by 7.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2015 when the average export price increased by 38%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Oman ($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 Afghanistan (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Iran

In 2021, approx. X tons of sweet biscuits, waffles and wafers were imported into Iran; shrinking by -22.8% compared with the year before. Over the period under review, imports, however, saw a perceptible expansion. The growth pace was the most rapid in 2015 when imports increased by 116%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, sweet biscuit, waffle and wafer imports dropped notably to $X in 2021. In general, imports, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2015 with an increase of 142%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest sweet biscuit, waffle and wafer supplier to Iran, with a 63% share of total imports. Moreover, sweet biscuit, waffle and wafer imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. Armenia (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+0.5% per year) and Armenia (+58.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of sweet biscuits, waffles and wafers to Iran, comprising 57% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Armenia, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-0.4% per year) and Armenia (+78.1% per year).

Import Prices by Country

The average import price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, surging by 6.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, 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 Armenia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Armenia (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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