Switzerland: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Switzerland

The Swiss waffle and wafer market expanded modestly to $X in 2021, increasing by 4.8% against the previous year. Overall, consumption, however, posted a strong expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Waffle And Wafer Production in Switzerland

In value terms, waffle and wafer production contracted modestly to $X in 2021 estimated in export price. In general, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 126%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Waffle And Wafer Exports

Exports from Switzerland

In 2021, shipments abroad of waffles and wafers was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a mild slump. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, waffle and wafer exports surged to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for waffle and wafer exports from Switzerland, accounting for a 39% share of total exports. Moreover, waffle and wafer exports to Germany exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. The third position in this ranking was held by the United States (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-4.5% per year) and the United States (+22.0% per year).

In value terms, Germany ($X) remains the key foreign market for waffles and wafers exports from Switzerland, comprising 39% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 16% share of total exports. It was followed by the United States, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-3.2% per year) and the United States (+24.3% per year).

Export Prices by Country

The average waffle and wafer export price stood at $X per ton in 2021, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2014 an increase of 6.7% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Austria ($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 the United Arab Emirates (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Waffle And Wafer Imports

Imports into Switzerland

In 2021, supplies from abroad of waffles and wafers increased by 1.5% to X tons, rising for the fourth year in a row after two years of decline. The total import volume increased at an average annual rate of +3.5% over the period 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 2018 with an increase of 47%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, waffle and wafer imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +6.0% 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 with an increase of 15%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest waffle and wafer supplier to Switzerland, with a 51% share of total imports. Moreover, waffle and wafer imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was taken by Belgium (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+15.3% per year) and Belgium (+15.6% per year).

In value terms, Germany ($X) constituted the largest supplier of waffles and wafers to Switzerland, comprising 51% of total imports. The second position in the ranking was taken by Poland ($X), with an 18% share of total imports. It was followed by Italy, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+21.4% per year) and Italy (+1.7% per year).

Import Prices by Country

In 2021, the average waffle and wafer import price amounted to $X per ton, rising by 8.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2017 an increase of 31%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :