Israel: Gingerbread Market 2024

Gingerbread Market Size in Israel

The Israeli gingerbread market rose slightly to $X in 2022, with an increase of 2% against the previous year. Overall, consumption saw a modest increase. Gingerbread consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Gingerbread Production in Israel

In value terms, gingerbread production totaled $X in 2022 estimated in export price. Over the period under review, production posted slight growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 33% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Gingerbread Exports

Exports from Israel

Gingerbread exports from Israel soared to X tons in 2022, jumping by 83% compared with 2021. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 483%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, gingerbread exports soared to $X in 2022. Over the period under review, exports saw a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 528% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for gingerbread exports from Israel, with a 60% share of total exports. Moreover, gingerbread exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Cyprus (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.0% per year) and Cyprus (0.0% per year).

In value terms, the UK ($X) remains the key foreign market for gingerbread exports from Israel, comprising 60% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Cyprus, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.3% per year) and Cyprus (0.0% per year).

Export Prices by Country

The average gingerbread export price stood at $X per ton in 2022, with an increase of 4% against the previous year. Overall, the export price, however, saw a mild reduction. The pace of growth appeared the most rapid in 2014 an increase of 46% against the previous year. 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 lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($X per ton) and Cyprus ($X per ton), while the average price for exports to Hungary ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.7%), while the prices for the other major destinations experienced a decline.

Gingerbread Imports

Imports into Israel

After two years of decline, purchases abroad of gingerbread increased by 62% to X tons in 2022. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 94%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, gingerbread imports surged to $X in 2022. Over the period under review, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 129%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Moldova (X tons), Latvia (X tons) and Germany (X tons) were the main suppliers of gingerbread imports to Israel, with a combined 79% share of total imports. Sweden, Poland, Russia, the UK and Ukraine lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +173.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X), Latvia ($X) and Germany ($X) constituted the largest gingerbread suppliers to Israel, together comprising 79% of total imports. Sweden, Poland, Russia, the UK and Ukraine lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Sweden, with a CAGR of +185.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gingerbread import price stood at $X per ton in 2022, picking up by 4.6% against the previous year. Overall, the import price posted a slight increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($X per ton) and Poland ($X per ton), while the price for Sweden ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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