Russian Federation: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in the Russian Federation

The Russian market for sweet biscuits, waffles and wafers reached $X in 2021, rising by 4.2% against the previous year. Overall, consumption, however, recorded a slight contraction. Sweet biscuit, waffle and wafer consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Sweet Biscuits, Waffles and Wafers in the Russian Federation

In value terms, sweet biscuit, waffle and wafer production expanded slightly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 19%. Sweet biscuit, waffle and wafer production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from the Russian Federation

In 2021, the amount of sweet biscuits, waffles and wafers exported from Russia rose to X tons, surging by 5% on the previous year's figure. Over the period under review, exports saw strong growth. The pace of growth was the most pronounced in 2014 when exports increased by 23% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, sweet biscuit, waffle and wafer exports surged to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +63.4% against 2015 indices. The pace of growth was the most pronounced in 2013 when exports increased by 21% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Kyrgyzstan (X tons) were the main destinations of sweet biscuit, waffle and wafer exports from Russia, together comprising 54% of total exports. These countries were followed by Tajikistan, China, Mongolia, Uzbekistan, Azerbaijan, Georgia, Ukraine and Armenia, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +86.5%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and Kyrgyzstan ($X) appeared to be the largest markets for sweet biscuit, waffle and wafer exported from Russia worldwide, with a combined 51% share of total exports. These countries were followed by China, Mongolia, Uzbekistan, Azerbaijan, Tajikistan, Armenia, Georgia and Ukraine, which together accounted for a further 40%.

In terms of the main countries of destination, China, with a CAGR of +89.2%, saw the highest rates of growth with regard to 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 export price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, rising by 12% against the previous year. Overall, the export price, however, showed a pronounced downturn. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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 China ($X per ton), while the average price for exports to Tajikistan ($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 China (+1.4%), while the prices for the other major destinations experienced a decline.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into the Russian Federation

In 2021, imports of sweet biscuits, waffles and wafers into Russia soared to X tons, rising by 18% on the year before. In general, imports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2018 with an increase of 25% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, sweet biscuit, waffle and wafer imports surged to $X in 2021. Overall, imports, however, continue to indicate a noticeable decline. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X tons), Kazakhstan (X tons) and Belarus (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Russia, together comprising 53% of total imports. Italy, China, Bulgaria, Turkey, Germany, Spain, the Czech Republic, the UK, South Korea and the Netherlands lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +109.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of sweet biscuits, waffles and wafers to Russia, comprising 26% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total imports. It was followed by Bulgaria, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Poland amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+21.3% per year) and Bulgaria (+45.7% per year).

Import Prices by Country

In 2021, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, increasing by 9.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2014 when the average import price increased by 13%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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