MERCOSUR: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in MERCOSUR

The MERCOSUR market for gingerbread, sweet biscuits and waffles contracted to $X in 2022, remaining constant against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 6.8%. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in MERCOSUR

In value terms, gingerbread, sweet biscuit and waffle production contracted slightly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 6.6%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in MERCOSUR

In 2022, overseas shipments of gingerbread, sweet biscuits and waffles increased by 1.9% to X tons, rising for the sixth consecutive year after two years of decline. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 14%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, gingerbread, sweet biscuit and waffle exports amounted to $X in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 16% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Brazil represented the main exporting country with an export of around X tons, which reached 47% of total exports. Peru (X tons) ranks second in terms of the total exports with a 24% share, followed by Colombia (13%) and Argentina (12%). Chile (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Colombia (with a CAGR of +11.0%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest gingerbread, sweet biscuit and waffle supplier in MERCOSUR, comprising 48% of total exports. The second position in the ranking was taken by Peru ($X), with a 20% share of total exports. It was followed by Colombia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +5.6%. In the other countries, the average annual rates were as follows: Peru (+4.2% per year) and Colombia (+7.6% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, with an increase of 9.3% against the previous year. In general, the export price, however, recorded a mild curtailment. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+1.2%), while the other leaders experienced a decline in the export price figures.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in MERCOSUR

In 2022, after five years of growth, there was decline in purchases abroad of gingerbread, sweet biscuits and waffles, when their volume decreased by -2.7% to X tons. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.3% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 29%. As a result, imports attained the peak of X tons, and then shrank modestly in the following year.

In value terms, gingerbread, sweet biscuit and waffle imports rose rapidly to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.5% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Chile (X tons), distantly followed by Paraguay (X tons), Venezuela (X tons), Colombia (X tons), Uruguay (X tons), Ecuador (X tons), Brazil (X tons) and Peru (X tons) represented the largest importers of gingerbread, sweet biscuits and waffles, together mixing up 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Paraguay ($X) constituted the countries with the highest levels of imports in 2022, together comprising 51% of total imports. Colombia, Venezuela, Uruguay, Ecuador and Peru lagged somewhat behind, together accounting for a further 41%.

In terms of the main importing countries, Peru, with a CAGR of +13.3%, 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 import price in MERCOSUR stood at $X per ton in 2022, picking up by 9.3% against the previous year. In general, the import price, however, recorded a slight decline. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform