Ireland: Gingerbread Market 2024

Gingerbread Market Size in Ireland

The Irish gingerbread market soared to $X in 2022, growing by 30% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.8% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Gingerbread Production in Ireland

In value terms, gingerbread production rose to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 49%. Gingerbread production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Gingerbread Exports

Exports from Ireland

In 2022, the amount of gingerbread exported from Ireland skyrocketed to X tons, picking up by 28% against the previous year's figure. Overall, exports, however, continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 67%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, gingerbread exports surged to $X in 2022. Over the period under review, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 48% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for gingerbread exports from Ireland, with a 43% share of total exports. Moreover, gingerbread exports to the UK exceeded the volume sent to the second major destination, Denmark (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled -28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+131.6% per year) and the Netherlands (+5.5% per year).

In value terms, the UK ($X), the Netherlands ($X) and Denmark ($X) constituted the largest markets for gingerbread exported from Ireland worldwide, with a combined 72% share of total exports.

Denmark, with a CAGR of +116.1%, saw the highest growth rate of the value of exports, in terms of 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 2022, the average gingerbread export price amounted to $X per ton, declining by -9.6% against the previous year. In general, the export price, however, recorded a resilient expansion. The growth pace was the most rapid in 2019 an increase of 85%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain ($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 UK (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Gingerbread Imports

Imports into Ireland

In 2022, imports of gingerbread into Ireland was estimated at X tons, approximately equating the previous year. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 29%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, gingerbread imports stood at $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of gingerbread to Ireland, accounting for a 83% share of total imports. Moreover, gingerbread imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.6% per year) and Italy (+3.7% per year).

In value terms, the UK ($X) constituted the largest supplier of gingerbread to Ireland, comprising 89% of total imports. The second position in the ranking was held by Germany ($X), with a 4.4% share of total imports. It was followed by Italy, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.8% per year) and Italy (+5.5% per year).

Import Prices by Country

In 2022, the average gingerbread import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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