Peru: Market for Gingerbread, Sweet Biscuits and Waffles 2025

Market Size for Gingerbread, Sweet Biscuits and Waffles in Peru

After two years of decline, the Peruvian market for gingerbread, sweet biscuits and waffles increased by 0.5% to $X in 2022. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Gingerbread, sweet biscuit and waffle consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Gingerbread, Sweet Biscuits and Waffles in Peru

In value terms, gingerbread, sweet biscuit and waffle production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 13% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Peru

In 2022, shipments abroad of gingerbread, sweet biscuits and waffles decreased by -6% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, recorded strong growth. The growth pace was the most rapid in 2017 when exports increased by 24% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, gingerbread, sweet biscuit and waffle exports declined to $X in 2022. In general, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +70.4% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 28%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Colombia (X tons), Ecuador (X tons) and Chile (X tons) were the main destinations of gingerbread, sweet biscuit and waffle exports from Peru, together accounting for 61% of total exports. Bolivia, the Dominican Republic, Costa Rica, El Salvador, Honduras, Nicaragua, Guatemala, Panama and Haiti lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Nicaragua (with a CAGR of +48.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gingerbread, sweet biscuit and waffle exported from Peru were Colombia ($X), Ecuador ($X) and Chile ($X), together comprising 61% of total exports. Bolivia, the Dominican Republic, Costa Rica, El Salvador, Honduras, Nicaragua, Guatemala, Panama and Haiti lagged somewhat behind, together accounting for a further 32%.

Honduras, with a CAGR of +47.1%, saw 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 2022, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, approximately mirroring the previous year. In general, the export price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2017 an increase of 3%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bolivia ($X per ton) and Ecuador ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) and Nicaragua ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Peru

After ten years of growth, supplies from abroad of gingerbread, sweet biscuits and waffles decreased by -5.2% to X tons in 2022. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 83% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, gingerbread, sweet biscuit and waffle imports fell to $X in 2022. Overall, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 86%. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

Bolivia (X tons), Ecuador (X tons) and Brazil (X tons) were the main suppliers of gingerbread, sweet biscuit and waffle imports to Peru, together comprising 64% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +86.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Ecuador ($X) and Brazil ($X) were the largest gingerbread, sweet biscuit and waffle suppliers to Peru, with a combined 56% share of total imports.

Among the main suppliers, Ecuador, with a CAGR of +61.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, standing approx. at the previous year. Overall, the import price, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2019 an increase of 11%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Denmark ($X per ton), while the price for Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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