New Zealand: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in New Zealand

The New Zealand market for gingerbread, sweet biscuits and waffles reduced to $X in 2022, declining by -4.6% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Gingerbread, sweet biscuit and waffle consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in New Zealand

In value terms, gingerbread, sweet biscuit and waffle production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 6.9% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from New Zealand

In 2022, overseas shipments of gingerbread, sweet biscuits and waffles increased by 23% to X tons, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle exports surged to $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 23%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Australia (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from New Zealand, with a 87% share of total exports. It was followed by Tonga (X tons), with a 1.8% share of total exports. The third position in this ranking was taken by New Caledonia (X tons), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tonga (+21.6% per year) and New Caledonia (+6.3% per year).

In value terms, Australia ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from New Zealand, comprising 86% of total exports. The second position in the ranking was taken by New Caledonia ($X), with a 1.8% share of total exports. It was followed by Tonga, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+6.4% per year) and Tonga (+20.0% per year).

Export Prices by Country

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, falling by -1.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 8.2%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 New Caledonia ($X per ton), while the average price for exports to Malaysia ($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 Malaysia (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into New Zealand

In 2022, purchases abroad of gingerbread, sweet biscuits and waffles decreased by -5.1% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 6.2%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to New Zealand, with a 47% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Australia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. The third position in this ranking was taken by Thailand (X tons), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+8.6% per year) and Thailand (+53.9% per year).

In value terms, Australia ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to New Zealand, comprising 51% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 8.8% share of total imports. It was followed by Thailand, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+12.5% per year) and Thailand (+48.4% per year).

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, growing by 5% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 10%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Bahrain ($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 (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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