Norway: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Norway

In 2021, the Norwegian market for sweet biscuits, waffles and wafers increased by 4.9% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Sweet biscuit, waffle and wafer consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Sweet Biscuits, Waffles and Wafers in Norway

In value terms, sweet biscuit, waffle and wafer production totaled $X in 2021 estimated in export price. Overall, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 242% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Norway

In 2021, the amount of sweet biscuits, waffles and wafers exported from Norway expanded sharply to X tons, picking up by 7.3% compared with 2020. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 43%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, sweet biscuit, waffle and wafer exports skyrocketed to $X in 2021. In general, exports enjoyed pronounced growth. The growth pace was the most rapid in 2018 when exports increased by 73%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Sweden (X tons) and Denmark (X tons) were the main destinations of sweet biscuit, waffle and wafer exports from Norway, together accounting for 89% of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +44.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Denmark ($X) appeared to be the largest markets for sweet biscuit, waffle and wafer exported from Norway worldwide, together accounting for 91% of total exports.

Germany, with a CAGR of +51.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, picking up by 19% against the previous year. Overall, the export price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 26%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Norway

In 2021, approx. X tons of sweet biscuits, waffles and wafers were imported into Norway; which is down by -5.6% against the year before. Over the period under review, imports, however, saw a mild increase. The growth pace was the most rapid in 2020 with an increase of 15% against the previous year. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, sweet biscuit, waffle and wafer imports rose remarkably to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Norway, with a combined 64% share of total imports. These countries were followed by the UK, Denmark, Poland, Spain and Turkey, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +20.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the Netherlands ($X) and Germany ($X) were the largest sweet biscuit, waffle and wafer suppliers to Norway, together accounting for 58% of total imports. These countries were followed by Poland, the UK, Denmark, Spain and Turkey, which together accounted for a further 28%.

The UK, with a CAGR of +16.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, increasing by 13% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :