Nepal: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Nepal

The Nepalese market for gingerbread, sweet biscuits and waffles amounted to $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Gingerbread, Sweet Biscuits and Waffles in Nepal

In value terms, gingerbread, sweet biscuit and waffle production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 17%. Gingerbread, sweet biscuit and waffle production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Nepal

In 2022, shipments abroad of gingerbread, sweet biscuits and waffles was finally on the rise to reach X tons after three years of decline. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports skyrocketed to $X in 2022. Over the period under review, exports posted slight growth. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Nepal, with a 91% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to China exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold. The third position in this ranking was taken by Australia (X kg), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-16.9% per year) and Australia (+12.7% per year).

In value terms, China ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from Nepal, comprising 63% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by India, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+23.0% per year) and India (-17.6% per year).

Export Prices by Country

In 2022, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, with a decrease of -40.1% against the previous year. Overall, the export price, however, showed temperate growth. The most prominent rate of growth was recorded in 2021 an increase of 81% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to China ($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 States (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Nepal

After two years of growth, supplies from abroad of gingerbread, sweet biscuits and waffles decreased by -26.4% to X tons in 2022. In general, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 102% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle imports shrank rapidly to $X in 2022. Overall, imports, however, saw a modest increase. The pace of growth was the most pronounced in 2016 with an increase of 76%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to Nepal, accounting for a 72% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Malaysia (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+39.7% per year) and Malaysia (+5.3% per year).

In value terms, India ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Nepal, comprising 78% of total imports. The second position in the ranking was held by Malaysia ($X), with a 6.5% share of total imports. It was followed by China, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.7% per year) and China (+30.3% per year).

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, surging by 9% against the previous year. Over the period under review, the import price saw a moderate expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 56%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform