Northern America: Gingerbread Market 2024

Gingerbread Market Size in Northern America

The North American gingerbread market totaled $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Gingerbread Production in Northern America

In value terms, gingerbread production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 4.4% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Gingerbread Exports

Exports in Northern America

In 2022, approx. X tons of gingerbread were exported in Northern America; growing by 11% against the previous year. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +8.6% 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 +129.2% against 2012 indices. The pace of growth was the most pronounced in 2016 with an increase of 24% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, gingerbread exports surged to $X in 2022. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 26%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Canada dominates exports structure, reaching X tons, which was near 94% of total exports in 2022. It was distantly followed by the United States (X tons), mixing up a 6.4% share of total exports.

Exports from Canada increased at an average annual rate of +8.1% from 2012 to 2022. At the same time, the United States (+23.1%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +23.1% from 2012-2022. From 2012 to 2022, the share of the United States increased by +4.6 percentage points.

In value terms, Canada ($X) remains the largest gingerbread supplier in Northern America, comprising 97% of total exports. The second position in the ranking was held by the United States ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Canada stood at +11.5%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.1%).

Gingerbread Imports

Imports in Northern America

In 2022, approx. X tons of gingerbread were imported in Northern America; increasing by 14% on 2021. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.7% 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 +21.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 27% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, gingerbread imports skyrocketed to $X in 2022. Over the period under review, imports showed a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by 23%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The United States prevails in imports structure, resulting at X tons, which was approx. 91% of total imports in 2022. It was distantly followed by Canada (X tons), comprising an 8.4% share of total imports.

The United States was also the fastest-growing in terms of the gingerbread imports, with a CAGR of +8.5% from 2012 to 2022. At the same time, Canada (+2.2%) displayed positive paces of growth. While the share of the United States (+6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-5.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported gingerbread in Northern America, comprising 90% of total imports. The second position in the ranking was taken by Canada ($X), with a 10% share of total imports.

In the United States, gingerbread imports expanded at an average annual rate of +10.6% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, with an increase of 6.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2018 when the import price increased by 9.1%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.3%).

Source: IndexBox Platform

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