Sweden: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Sweden

The Swedish market for sweet biscuits, waffles and wafers declined rapidly to $X in 2021, with a decrease of -72.3% against the previous year. Over the period under review, consumption faced a abrupt contraction. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Production of Sweet Biscuits, Waffles and Wafers in Sweden

In value terms, sweet biscuit, waffle and wafer production soared to $X in 2021 estimated in export price. Overall, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 150%. Sweet biscuit, waffle and wafer production peaked in 2021 and is expected to retain growth in the near future.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Sweden

For the eighth year in a row, Sweden recorded growth in shipments abroad of sweet biscuits, waffles and wafers, which increased by 5.2% to X tons in 2021. In general, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% 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 +86.4% against 2013 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 24%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, sweet biscuit, waffle and wafer exports rose significantly to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 +86.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Norway (X tons), Germany (X tons) and Denmark (X tons) were the main destinations of sweet biscuit, waffle and wafer exports from Sweden, with a combined 59% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +14.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Germany ($X) and Denmark ($X) appeared to be the largest markets for sweet biscuit, waffle and wafer exported from Sweden worldwide, with a combined 58% share of total exports.

Among the main countries of destination, Denmark, with a CAGR of +16.8%, recorded the highest growth rate of 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

In 2021, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, rising by 9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 15% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a 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 the Netherlands ($X per ton), while the average price for exports to Germany ($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 Denmark (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Sweden

In 2021, after five years of growth, there was significant decline in supplies from abroad of sweet biscuits, waffles and wafers, when their volume decreased by -14.5% to X tons. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 26% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then declined in the following year.

In value terms, sweet biscuit, waffle and wafer imports fell to $X in 2021. In general, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.4% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Over the period under review, imports hit record highs at $X in 2020, and then fell slightly in the following year.

Imports by Country

The Netherlands (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Sweden, with a combined 48% share of total imports. Poland, the Czech Republic, Belgium, Italy, Denmark, Spain and Turkey lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +61.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit, waffle and wafer suppliers to Sweden were the Netherlands ($X), Germany ($X) and Poland ($X), with a combined 43% share of total imports. The UK, Italy, Denmark, Belgium, the Czech Republic, Spain and Turkey lagged somewhat behind, together comprising a further 45%.

Among the main suppliers, the Czech Republic, with a CAGR of +52.7%, recorded the highest rates of growth with regard to 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 average import price for sweet biscuits, waffles and wafers amounted to $X per ton, picking up by 14% against the previous year. In general, the import price, however, saw a mild setback. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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