Scandinavia: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Scandinavia

The Scandinavia waffle and wafer market skyrocketed to $X in 2021, growing by 15% against the previous year. Overall, consumption posted a perceptible expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Waffle And Wafer Production in Scandinavia

In value terms, waffle and wafer production surged to $X in 2021 estimated in export price. Overall, production recorded a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 142% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Waffle And Wafer Exports

Exports in Scandinavia

After two years of decline, shipments abroad of waffles and wafers increased by 9.5% to X tons in 2021. The total export volume increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, waffle and wafer exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) and Denmark (X tons) dominates exports structure, together committing 87% of total exports. Finland (X tons) ranks next in terms of the total exports with a 7.4% share, followed by Norway (5.3%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Sweden (with a CAGR of +11.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest waffle and wafer supplying countries in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together accounting for 94% of total exports.

In terms of the main exporting countries, Sweden, with a CAGR of +12.1%, recorded 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 export price in Scandinavia stood at $X per ton in 2021, picking up by 21% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Norway ($X per ton) and Denmark ($X per ton), while Finland ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+1.9%), while the other leaders experienced more modest paces of growth.

Waffle And Wafer Imports

Imports in Scandinavia

Waffle and wafer imports expanded significantly to X tons in 2021, increasing by 8.3% compared with 2020. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, waffle and wafer imports surged to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons) and Denmark (X tons) represented the largest importers of waffles and wafers in 2021, recording near 34% and 31% of total imports, respectively. It was distantly followed by Norway (X tons) and Finland (X tons), together making up a 33% share of total imports. Iceland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +10.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest waffle and wafer importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together comprising 84% of total imports.

Among the main importing countries, Sweden, with a CAGR of +5.9%, saw 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

In 2021, the import price in Scandinavia amounted to $X per ton, with an increase of 12% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Norway ($X per ton) and Denmark ($X per ton), while Finland ($X per ton) and Iceland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform