Sweden: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Sweden

The Swedish waffle and wafer market surged to $X in 2021, with an increase of 16% against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Waffle And Wafer Production in Sweden

In value terms, waffle and wafer production soared to $X in 2021 estimated in export price. In general, production saw a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 191% against the previous year. Waffle and wafer production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Waffle And Wafer Exports

Exports from Sweden

For the tenth year in a row, Sweden recorded growth in shipments abroad of waffles and wafers, which increased by 4.9% to X tons in 2021. Over the period under review, exports enjoyed prominent growth. The growth pace was the most rapid in 2014 with an increase of 22%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, waffle and wafer exports soared to $X in 2021. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Norway (X tons) was the main destination for waffle and wafer exports from Sweden, accounting for a 42% share of total exports. Moreover, waffle and wafer exports to Norway exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. Denmark (X tons) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to Norway amounted to +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+91.3% per year) and Denmark (+12.0% per year).

In value terms, Norway ($X) remains the key foreign market for waffles and wafers exports from Sweden, comprising 47% of total exports. The second position in the ranking was held by Denmark ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Norway amounted to +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+15.2% per year) and the Netherlands (+91.9% per year).

Export Prices by Country

In 2021, the average waffle and wafer export price amounted to $X per ton, increasing by 18% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Norway ($X per ton), while the average price for exports to Germany ($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 Belgium (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Waffle And Wafer Imports

Imports into Sweden

In 2021, waffle and wafer imports into Sweden expanded rapidly to X tons, surging by 5.6% against 2020. The total import volume increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 17% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, waffle and wafer imports surged to $X in 2021. The total import value increased at an average annual rate of +5.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Poland (X tons) and Denmark (X tons) were the main suppliers of waffle and wafer imports to Sweden, together comprising 71% of total imports. These countries were followed by the Czech Republic, Italy, the Netherlands, Finland, Austria, Belgium, Norway and Bulgaria, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +96.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Denmark ($X) were the largest waffle and wafer suppliers to Sweden, with a combined 62% share of total imports. These countries were followed by Italy, the Netherlands, the Czech Republic, Belgium, Finland, Norway, Austria and Bulgaria, which together accounted for a further 32%.

Bulgaria, with a CAGR of +98.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average waffle and wafer import price stood at $X per ton in 2021, rising by 12% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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