Netherlands: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in the Netherlands

The Dutch waffle and wafer market declined sharply to $X in 2021, dropping by -83.6% against the previous year. In general, consumption showed a abrupt slump. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Waffle And Wafer Production in the Netherlands

In value terms, waffle and wafer production declined notably to $X in 2021 estimated in export price. Overall, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 163% against the previous year. Waffle and wafer production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Waffle And Wafer Exports

Exports from the Netherlands

In 2021, exports of waffles and wafers from the Netherlands skyrocketed to X tons, increasing by 31% compared with 2020 figures. Overall, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +104.0% against 2014 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, waffle and wafer exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.0% against 2013 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for waffle and wafer exports from the Netherlands, accounting for a 36% share of total exports. Moreover, waffle and wafer exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.9% per year) and Belgium (+10.4% per year).

In value terms, Germany ($X) remains the key foreign market for waffles and wafers exports from the Netherlands, comprising 32% of total exports. The second position in the ranking was taken by France ($X), with a 15% share of total exports. It was followed by Belgium, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+9.2% per year) and Belgium (+10.2% per year).

Export Prices by Country

The average waffle and wafer export price stood at $X per ton in 2021, increasing by 6.4% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 9.7%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the highest price was recorded for prices to France ($X per ton) and the United States ($X per ton), while the average price for exports to Poland ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Waffle And Wafer Imports

Imports into the Netherlands

In 2021, imports of waffles and wafers into the Netherlands skyrocketed to X tons, with an increase of 41% compared with 2020. Overall, imports, however, saw a noticeable reduction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, waffle and wafer imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest waffle and wafer supplier to the Netherlands, accounting for a 52% share of total imports. Moreover, waffle and wafer imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Poland (X tons), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.9% per year) and Poland (+6.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of waffles and wafers to the Netherlands, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by Poland, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.7% per year) and Poland (+6.0% per year).

Import Prices by Country

In 2021, the average waffle and wafer import price amounted to $X per ton, which is down by -6.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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