Pakistan: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Pakistan

The Pakistani waffle and wafer market expanded to $X in 2021, growing by 3.2% against the previous year. Over the period under review, consumption, however, posted a remarkable increase. Waffle and wafer consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Waffle And Wafer Production in Pakistan

In value terms, waffle and wafer production rose slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 49%. Waffle and wafer production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Waffle And Wafer Exports

Exports from Pakistan

Waffle and wafer exports from Pakistan expanded rapidly to X tons in 2021, growing by 6.8% against 2020 figures. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 534%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, waffle and wafer exports soared to $X in 2021. In general, exports recorded a significant increase. The growth pace was the most rapid in 2018 with an increase of 530% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X tons), South Africa (X tons) and Afghanistan (X tons) were the main destinations of waffle and wafer exports from Pakistan, together comprising 63% of total exports. Guinea, Djibouti, Yemen, Togo, the United Arab Emirates and Angola lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guinea (with a CAGR of +6,694.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for waffle and wafer exported from Pakistan were South Africa ($X), Oman ($X) and Afghanistan ($X), together comprising 59% of total exports. These countries were followed by Djibouti, Guinea, Yemen, Togo, the United Arab Emirates and Angola, which together accounted for a further 30%.

Guinea, with a CAGR of +7,408.6%, 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

The average waffle and wafer export price stood at $X per ton in 2021, increasing by 22% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Yemen ($X per ton), while the average price for exports to Oman ($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 South Africa (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Waffle And Wafer Imports

Imports into Pakistan

In 2021, approx. X tons of waffles and wafers were imported into Pakistan; falling by -7.8% against 2020. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 64% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, waffle and wafer imports reduced markedly to $X in 2021. Over the period under review, imports showed a slight setback. The most prominent rate of growth was recorded in 2014 when imports increased by 64%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Indonesia (X tons) and Italy (X tons) were the main suppliers of waffle and wafer imports to Pakistan, together comprising 75% of total imports. These countries were followed by Turkey, Greece and the UK, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +84.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of waffles and wafers to Pakistan, comprising 42% of total imports. The second position in the ranking was taken by Italy ($X), with an 18% share of total imports. It was followed by Indonesia, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+48.2% per year) and Indonesia (+30.8% per year).

Import Prices by Country

The average waffle and wafer import price stood at $X per ton in 2021, reducing by -16.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 37%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Greece ($X per ton) and the United Arab Emirates ($X per ton), while the price for Indonesia ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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