Jordan: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Jordan

The Jordanian market for gingerbread, sweet biscuits and waffles dropped slightly to $X in 2022, reducing by -2.9% against the previous year. In general, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -15.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in Jordan

In value terms, gingerbread, sweet biscuit and waffle production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 56%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Jordan

In 2022, after three years of decline, there was significant growth in shipments abroad of gingerbread, sweet biscuits and waffles, when their volume increased by 29% to X tons. In general, exports, however, continue to indicate a deep slump. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports surged to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X tons), Yemen (X tons) and Saudi Arabia (X tons) were the main destinations of gingerbread, sweet biscuit and waffle exports from Jordan, together accounting for 80% of total exports. Palestine, Qatar, the United States, the United Arab Emirates, Libya, Egypt and Lebanon lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +35.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gingerbread, sweet biscuit and waffle exported from Jordan were Yemen ($X), Iraq ($X) and Saudi Arabia ($X), together accounting for 80% of total exports. Palestine, Qatar, the United States, the United Arab Emirates, Libya, Egypt and Lebanon lagged somewhat behind, together accounting for a further 13%.

Qatar, with a CAGR of +49.0%, recorded the highest growth rate of the value of exports, among 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

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, surging by 14% against the previous year. Over the period under review, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 85%. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Yemen ($X per ton) and Qatar ($X per ton), while the average price for exports to Lebanon ($X per ton) and Iraq ($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 Palestine (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Jordan

In 2022, supplies from abroad of gingerbread, sweet biscuits and waffles decreased by -16.4% to X tons, falling for the fifth consecutive year after six years of growth. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -34.4% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 59%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle imports shrank markedly to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 61%. Over the period under review, imports attained the maximum at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest gingerbread, sweet biscuit and waffle supplier to Jordan, accounting for a 46% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fivefold. Egypt (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-9.1% per year) and Egypt (+18.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Jordan, comprising 50% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an 8.5% share of total imports. It was followed by Egypt, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-2.9% per year) and Egypt (+21.9% per year).

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gingerbread, sweet biscuit and waffle import price increased by +50.1% against 2017 indices. The growth pace was the most rapid in 2020 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Italy ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform