South-Eastern Asia: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in South-Eastern Asia

The Southeast Asian market for gingerbread, sweet biscuits and waffles stood at $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in South-Eastern Asia

In value terms, gingerbread, sweet biscuit and waffle production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 12%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in South-Eastern Asia

In 2022, the amount of gingerbread, sweet biscuits and waffles exported in South-Eastern Asia skyrocketed to X tons, picking up by 17% against 2021 figures. Overall, exports recorded a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 23%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle exports skyrocketed to $X in 2022. In general, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by 20% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Indonesia was the largest exporter of gingerbread, sweet biscuits and waffles in South-Eastern Asia, with the volume of exports accounting for X tons, which was approx. 71% of total exports in 2022. It was distantly followed by Malaysia (X tons) and Thailand (X tons), together generating a 24% share of total exports. Singapore (X tons) followed a long way behind the leaders.

Exports from Indonesia increased at an average annual rate of +16.0% from 2012 to 2022. At the same time, Thailand (+16.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +16.3% from 2012-2022. Malaysia and Singapore experienced a relatively flat trend pattern. Indonesia (+25 p.p.) and Thailand (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Malaysia saw its share reduced by -4.4% and -22.6% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) remains the largest gingerbread, sweet biscuit and waffle supplier in South-Eastern Asia, comprising 64% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 15% share of total exports. It was followed by Thailand, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia stood at +14.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+3.0% per year) and Thailand (+15.1% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 2.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by 11% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in South-Eastern Asia

In 2022, the amount of gingerbread, sweet biscuits and waffles imported in South-Eastern Asia rose rapidly to X tons, surging by 6.8% on 2021. Over the period under review, imports saw a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 28% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, gingerbread, sweet biscuit and waffle imports rose notably to $X in 2022. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Philippines (X tons), Thailand (X tons), Malaysia (X tons), Vietnam (X tons), Singapore (X tons) and Myanmar (X tons) represented roughly 90% of total imports in 2022. It was distantly followed by Indonesia (X tons), constituting a 6.5% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +76.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gingerbread, sweet biscuit and waffle importing markets in South-Eastern Asia were the Philippines ($X), Thailand ($X) and Vietnam ($X), together comprising 54% of total imports. Singapore, Malaysia, Indonesia and Myanmar lagged somewhat behind, together comprising a further 43%.

Myanmar, with a CAGR of +67.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, increasing by 5.4% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decrease. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :