Switzerland: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Switzerland

The Swiss market for sweet biscuits, waffles and wafers surged to $X in 2021, jumping by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a strong increase. Sweet biscuit, waffle and wafer consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Switzerland

In 2021, overseas shipments of sweet biscuits, waffles and wafers increased by 10% to X tons for the first time since 2012, thus ending a eight-year declining trend. Overall, exports, however, showed a abrupt slump. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sweet biscuit, waffle and wafer exports expanded sharply to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for sweet biscuit, waffle and wafer exports from Switzerland, with a 41% share of total exports. Moreover, sweet biscuit, waffle and wafer exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-6.6% per year) and the United States (+8.4% per year).

In value terms, Germany ($X) remains the key foreign market for sweet biscuits, waffles and wafers exports from Switzerland, comprising 38% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.3% per year) and the United States (+7.6% per year).

Export Prices by Country

In 2021, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, surging by 4.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2014 an increase of 5.7% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Austria ($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 Austria (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Switzerland

In 2021, the amount of sweet biscuits, waffles and wafers imported into Switzerland surged to X tons, rising by 35% on 2020 figures. In general, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +15.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 59%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, sweet biscuit, waffle and wafer imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 14% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of sweet biscuit, waffle and wafer to Switzerland, accounting for a 41% share of total imports. Moreover, sweet biscuit, waffle and wafer imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.2% per year) and Belgium (+6.0% per year).

In value terms, Germany ($X) constituted the largest supplier of sweet biscuits, waffles and wafers to Switzerland, comprising 41% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by Poland, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.5% per year) and Poland (+18.5% per year).

Import Prices by Country

In 2021, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, shrinking by -19.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 49% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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