Kuwait: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Kuwait

The Kuwaiti market for gingerbread, sweet biscuits and waffles amounted to $X in 2022, surging by 3.2% against the previous year. Overall, consumption continues to indicate a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in Kuwait

In value terms, gingerbread, sweet biscuit and waffle production stood at $X in 2022 estimated in export price. Overall, production posted resilient growth. The growth pace was the most rapid in 2013 with an increase of 48%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Kuwait

In 2022, the amount of gingerbread, sweet biscuits and waffles exported from Kuwait stood at X tons, picking up by 6.2% compared with 2021 figures. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 86%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports dropped to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 59%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), Jordan (X tons) and the United Arab Emirates (X tons) were the main destinations of gingerbread, sweet biscuit and waffle exports from Kuwait, with a combined 66% share of total exports. Qatar, Oman, Bahrain, Iraq and Libya lagged somewhat behind, together comprising a further 29%.

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 +54.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gingerbread, sweet biscuit and waffle exported from Kuwait were Saudi Arabia ($X), Jordan ($X) and the United Arab Emirates ($X), together comprising 67% of total exports. Qatar, Oman, Bahrain, Iraq and Libya lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Qatar, with a CAGR of +53.7%, 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

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, falling by -6.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Libya ($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 United Arab Emirates (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Kuwait

In 2022, imports of gingerbread, sweet biscuits and waffles into Kuwait rose markedly to X tons, increasing by 10% compared with the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, gingerbread, sweet biscuit and waffle imports totaled $X in 2022. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 -7.1% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 14% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), the UK (X tons) and Bahrain (X tons) were the main suppliers of gingerbread, sweet biscuit and waffle imports to Kuwait, together accounting for 45% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +189.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gingerbread, sweet biscuit and waffle suppliers to Kuwait were the United Arab Emirates ($X), the UK ($X) and Bahrain ($X), together accounting for 38% of total imports.

In terms of the main suppliers, Bahrain, with a CAGR of +155.7%, saw the highest growth rate of 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

In 2022, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, falling by -1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2013 an increase of 16% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: 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 Saudi Arabia (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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