Slovakia: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Slovakia

In 2022, the Slovak market for gingerbread, sweet biscuits and waffles decreased by -21.2% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell notably in the following year.

Production of Gingerbread, Sweet Biscuits and Waffles in Slovakia

In value terms, gingerbread, sweet biscuit and waffle production declined to $X in 2022 estimated in export price. Overall, production recorded a mild setback. The most prominent rate of growth was recorded in 2013 with an increase of 16%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Slovakia

In 2022, the amount of gingerbread, sweet biscuits and waffles exported from Slovakia expanded remarkably to X tons, growing by 9% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 21% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports stood at $X in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Slovakia, accounting for a 51% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was held by Hungary (X tons), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic stood at +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-3.8% per year) and Hungary (+8.5% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from Slovakia, comprising 57% of total exports. The second position in the ranking was held by Poland ($X), with a 15% share of total exports. It was followed by Austria, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-3.7% per year) and Austria (+15.9% per year).

Export Prices by Country

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, growing by 4.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Slovakia

In 2022, overseas purchases of gingerbread, sweet biscuits and waffles increased by 7% to X tons, rising for the fifth year in a row after four years of decline. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle imports expanded rapidly to $X in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +104.3% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 40%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and Spain (X tons) were the main suppliers of gingerbread, sweet biscuit and waffle imports to Slovakia, together comprising 48% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +64.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Slovakia, comprising 24% of total imports. The second position in the ranking was taken by Poland ($X), with a 12% share of total imports. It was followed by Spain, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-0.2% per year) and Spain (+58.8% per year).

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, with an increase of 4.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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