Italy: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Italy

The Italian market for sweet biscuits, waffles and wafers reduced to $X in 2021, shrinking by -11.9% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Sweet Biscuits, Waffles and Wafers in Italy

In value terms, sweet biscuit, waffle and wafer production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 17% against the previous year. Sweet biscuit, waffle and wafer production peaked in 2021 and is likely to see steady growth in years to come.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Italy

For the tenth year in a row, Italy recorded growth in overseas shipments of sweet biscuits, waffles and wafers, which increased by 18% to X tons in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +105.3% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sweet biscuit, waffle and wafer exports soared to $X in 2021. Overall, exports showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), France (X tons) and the United States (X tons) were the main destinations of sweet biscuit, waffle and wafer exports from Italy, with a combined 34% share of total exports. Saudi Arabia, the UK, Spain, Poland, Romania, Israel, Australia, the United Arab Emirates, Canada and China lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +29.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sweet biscuit, waffle and wafer exported from Italy were France ($X), Germany ($X) and the United States ($X), together comprising 33% of total exports. These countries were followed by Saudi Arabia, the UK, Spain, Israel, the United Arab Emirates, Australia, Poland, China, Canada and Romania, which together accounted for a further 33%.

In terms of the main countries of destination, Poland, with a CAGR of +32.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, rising by 5.9% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 8.4%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Romania ($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 Australia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Italy

In 2021, sweet biscuit, waffle and wafer imports into Italy expanded markedly to X tons, picking up by 13% on 2020. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 17%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, sweet biscuit, waffle and wafer imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X tons), Germany (X tons) and France (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Italy, together comprising 63% of total imports. These countries were followed by Poland, the Netherlands, Spain, the Czech Republic, Belgium and the UK, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +8.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit, waffle and wafer suppliers to Italy were Austria ($X), Germany ($X) and France ($X), together comprising 65% of total imports. These countries were followed by Poland, the Netherlands, Spain, Belgium, the Czech Republic and the UK, which together accounted for a further 30%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +10.2%, recorded 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 import price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, growing by 7.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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