Northern America: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Northern America

The North American market for sweet biscuits, waffles and wafers totaled $X in 2021, approximately mirroring the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Sweet Biscuits, Waffles and Wafers in Northern America

In value terms, sweet biscuit, waffle and wafer production dropped slightly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 9.1% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports in Northern America

In 2021, approx. X tons of sweet biscuits, waffles and wafers were exported in Northern America; increasing by 14% against the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sweet biscuit, waffle and wafer exports soared to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada was the key exporter of sweet biscuits, waffles and wafers in Northern America, with the volume of exports resulting at X tons, which was approx. 66% of total exports in 2021. It was distantly followed by the United States (X tons), comprising a 34% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +0.2%).

In value terms, Canada ($X) remains the largest sweet biscuit, waffle and wafer supplier in Northern America, comprising 73% of total exports. The second position in the ranking was held by the United States ($X), with a 27% share of total exports.

In Canada, sweet biscuit, waffle and wafer exports expanded at an average annual rate of +2.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, increasing by 6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.1%).

Imports of Sweet Biscuits, Waffles and Wafers

Imports in Northern America

In 2021, overseas purchases of sweet biscuits, waffles and wafers increased by 8% to X tons, rising for the sixth year in a row after two years of decline. Total imports indicated buoyant growth 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, imports increased by +94.3% against 2015 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 23%. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, sweet biscuit, waffle and wafer imports surged to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.4% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the main importer of sweet biscuits, waffles and wafers, generating 88% of total imports. It was distantly followed by Canada (X tons), comprising a 12% share of total imports.

The United States was also the fastest-growing in terms of the sweet biscuits, waffles and wafers imports, with a CAGR of +7.7% from 2012 to 2021. At the same time, Canada (+2.7%) displayed positive paces of growth. The United States (+5.3 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -5.1% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported sweet biscuits, waffles and wafers in Northern America, comprising 86% of total imports. The second position in the ranking was held by Canada ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +6.4%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the import price, however, showed a mild slump. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :