Romania: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Romania

The Romanian market for sweet biscuits, waffles and wafers expanded notably to $X in 2021, with an increase of 13% against the previous year. Overall, consumption continues to indicate resilient growth. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Production of Sweet Biscuits, Waffles and Wafers in Romania

In value terms, sweet biscuit, waffle and wafer production stood at $X in 2021 estimated in export price. In general, production saw a prominent increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 90%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Romania

In 2021, the amount of sweet biscuits, waffles and wafers exported from Romania stood at X tons, growing by 3.5% against the year before. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -18.2% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 40%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, sweet biscuit, waffle and wafer exports reached $X in 2021. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Poland (X tons) and Bulgaria (X tons) were the main destinations of sweet biscuit, waffle and wafer exports from Romania, with a combined 31% share of total exports. These countries were followed by Germany, Turkey, Israel, the UK, North Macedonia, France, Slovakia, Kosovo, Italy and Jordan, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +36.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the key foreign market for sweet biscuits, waffles and wafers exports from Romania, comprising 16% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 7.9% share of total exports. It was followed by Poland, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+7.0% per year) and Poland (+15.9% per year).

Export Prices by Country

The average export price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, reducing by -2.2% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 11% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Kosovo ($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 Kosovo (+34.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Romania

Sweet biscuit, waffle and wafer imports into Romania was estimated at X tons in 2021, growing by 4.3% compared with 2020 figures. In general, imports showed a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 34% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, sweet biscuit, waffle and wafer imports expanded sharply to $X in 2021. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 36%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons), Ukraine (X tons) and Germany (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Romania, with a combined 47% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +45.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of sweet biscuits, waffles and wafers to Romania, comprising 27% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 13% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+58.4% per year) and Germany (+6.1% per year).

Import Prices by Country

In 2021, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, growing by 8.5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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