Poland: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Poland

In 2021, after three years of growth, there was significant decline in the Polish waffle and wafer market, when its value decreased by -22.2% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. Waffle and wafer consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Waffle And Wafer Production in Poland

In value terms, waffle and wafer production fell slightly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 26%. Waffle and wafer production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Waffle And Wafer Exports

Exports from Poland

In 2021, approx. X tons of waffles and wafers were exported from Poland; surging by 10% compared with the year before. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 32% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, waffle and wafer exports surged to $X in 2021. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 46% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons), the UK (X tons) and France (X tons) were the main destinations of waffle and wafer exports from Poland, with a combined 37% share of total exports. Romania, the Czech Republic, Spain, Hungary, Italy, the United States, the Netherlands, Russia, Sweden and Slovakia lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +26.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for waffle and wafer exported from Poland were Germany ($X), the UK ($X) and France ($X), together comprising 39% of total exports. These countries were followed by Romania, Italy, the Czech Republic, Spain, the United States, Hungary, Russia, the Netherlands, Sweden and Slovakia, which together accounted for a further 31%.

Among the main countries of destination, Italy, with a CAGR of +36.8%, saw the highest growth rate of the value of exports, 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, surging by 5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Slovakia ($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 Italy (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Waffle And Wafer Imports

Imports into Poland

Waffle and wafer imports into Poland soared to X tons in 2021, increasing by 19% compared with the previous year. In general, imports posted prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by 37% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, waffle and wafer imports skyrocketed to $X in 2021. Over the period under review, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest waffle and wafer supplier to Poland, with a 43% share of total imports. Moreover, waffle and wafer imports from Germany exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), threefold. Bulgaria (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+423.8% per year) and Bulgaria (+0.1% per year).

In value terms, Germany ($X) constituted the largest supplier of waffles and wafers to Poland, comprising 49% of total imports. The second position in the ranking was taken by Slovakia ($X), with an 11% share of total imports. It was followed by Bulgaria, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+390.6% per year) and Bulgaria (+1.8% per year).

Import Prices by Country

In 2021, the average waffle and wafer import price amounted to $X per ton, rising by 13% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Romania ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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