Kazakhstan: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Kazakhstan

The Kazakh market for sweet biscuits, waffles and wafers soared to $X in 2021, with an increase of 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a noticeable downturn. Sweet biscuit, waffle and wafer consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Kazakhstan

After six years of growth, shipments abroad of sweet biscuits, waffles and wafers decreased by -20% to X tons in 2021. Overall, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 39% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then fell dramatically in the following year.

In value terms, sweet biscuit, waffle and wafer exports declined to $X in 2021. In general, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then declined in the following year.

Exports by Country

Russia (X tons) was the main destination for sweet biscuit, waffle and wafer exports from Kazakhstan, with a 47% share of total exports. Moreover, sweet biscuit, waffle and wafer exports to Russia exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by Kyrgyzstan (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+58.1% per year) and Kyrgyzstan (-0.8% per year).

In value terms, Russia ($X), China ($X) and Kyrgyzstan ($X) constituted the largest markets for sweet biscuit, waffle and wafer exported from Kazakhstan worldwide, together accounting for 77% of total exports.

China, with a CAGR of +66.0%, recorded 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 2021, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, picking up by 9.5% against the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Russia ($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 Mongolia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Kazakhstan

In 2021, supplies from abroad of sweet biscuits, waffles and wafers increased by 9.4% to X tons, rising for the fourth consecutive year after five years of decline. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sweet biscuit, waffle and wafer imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a pronounced reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest sweet biscuit, waffle and wafer supplier to Kazakhstan, accounting for a 84% share of total imports. Moreover, sweet biscuit, waffle and wafer imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +3.8%.

In value terms, Russia ($X) constituted the largest supplier of sweet biscuits, waffles and wafers to Kazakhstan, comprising 81% of total imports. The second position in the ranking was held by Ukraine ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia was relatively modest.

Import Prices by Country

In 2021, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the import price, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of 14%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (-0.1%).

Source: IndexBox Platform

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