Southern Asia: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Southern Asia

The South Asian market for sweet biscuits, waffles and wafers expanded modestly to $X in 2021, surging by 1.5% against the previous year. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.0% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Sweet Biscuits, Waffles and Wafers in Southern Asia

In value terms, sweet biscuit, waffle and wafer production expanded to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.5% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 25%. The level of 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 in Southern Asia

In 2021, the amount of sweet biscuits, waffles and wafers exported in Southern Asia surged to X tons, growing by 20% against the previous year. The total export volume increased at an average annual rate of +4.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 29% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, sweet biscuit, waffle and wafer exports soared to $X in 2021. The total export value increased at an average annual rate of +5.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 44%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

India dominates exports structure, accounting for X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Pakistan (X tons), comprising a 5.4% share of total exports. The following exporters - Sri Lanka (X tons) and Bangladesh (X tons) - together made up 6.9% of total exports.

Exports from India increased at an average annual rate of +4.4% from 2012 to 2021. At the same time, Bangladesh (+14.9%), Pakistan (+5.4%) and Sri Lanka (+3.7%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +14.9% from 2012-2021. While the share of Bangladesh (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-1.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest sweet biscuit, waffle and wafer supplier in Southern Asia, comprising 82% of total exports. The second position in the ranking was held by Pakistan ($X), with an 8.6% share of total exports. It was followed by Sri Lanka, with a 6.4% share.

In India, sweet biscuit, waffle and wafer exports expanded at an average annual rate of +5.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (+5.9% per year) and Sri Lanka (+9.9% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, surging by 2.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2013 an increase of 11% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.9%), while the other leaders experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports in Southern Asia

In 2021, overseas purchases of sweet biscuits, waffles and wafers decreased by -1.8% to X tons, falling for the third year in a row after four years of growth. In general, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 94%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, sweet biscuit, waffle and wafer imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 92%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons), Maldives (X tons) and Afghanistan (X tons) represented the key importer of sweet biscuits, waffles and wafers in Southern Asia, constituting 77% of total import. Nepal (X tons) ranks next in terms of the total imports with a 6.3% share, followed by Bangladesh (6.1%) and Bhutan (6%). Pakistan (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of +28.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Maldives ($X) and Afghanistan ($X) were the countries with the highest levels of imports in 2021, with a combined 75% share of total imports. These countries were followed by Nepal, Bangladesh, Bhutan and Pakistan, which together accounted for a further 24%.

Bangladesh, with a CAGR of +28.7%, saw the highest growth rate of 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

The import price in Southern Asia stood at $X per ton in 2021, with an increase of 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nepal ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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