U.S.: Waffle And Wafer Market 2025

Waffle And Wafer Market Size in the U.S.

The U.S. waffle and wafer market stood at $X in 2021, remaining constant against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Waffle And Wafer Production in the U.S.

In value terms, waffle and wafer production reduced to $X in 2021. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 8.8% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Waffle And Wafer Exports

Exports from the U.S.

In 2021, shipments abroad of waffles and wafers decreased by -1.3% to X tons for the first time since 2016, thus ending a four-year rising trend. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 12% against the previous year. The exports peaked at X tons in 2020, and then reduced in the following year.

In value terms, waffle and wafer exports contracted to $X in 2021. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 10%. Over the period under review, the exports reached the maximum at $X in 2020, and then contracted modestly in the following year.

Exports by Country

Canada (X tons) was the main destination for waffle and wafer exports from the United States, accounting for a 67% share of total exports. Moreover, waffle and wafer exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), fivefold. Saudi Arabia (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+4.9% per year) and Saudi Arabia (+4.2% per year).

In value terms, Canada ($X) remains the key foreign market for waffles and wafers exports from the United States, comprising 64% of total exports. The second position in the ranking was taken by Mexico ($X), with a 15% share of total exports. It was followed by Saudi Arabia, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+4.4% per year) and Saudi Arabia (+3.6% per year).

Export Prices by Country

In 2021, the average waffle and wafer export price amounted to $X per ton, which is down by -1.6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 8.3% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Mexico ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Canada ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.7%), while the prices for the other major destinations experienced a decline.

Waffle And Wafer Imports

Imports into the U.S.

In 2021, purchases abroad of waffles and wafers increased by 14% to X tons, rising for the seventh year in a row after two years of decline. In general, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% 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 +66.5% against 2014 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, waffle and wafer imports soared to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.1% 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 +113.3% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of waffle and wafer to the United States, with a 54% share of total imports. Moreover, waffle and wafer imports from Canada exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. The third position in this ranking was held by Belgium (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+23.3% per year) and Belgium (+23.5% per year).

In value terms, Canada ($X) constituted the largest supplier of waffles and wafers to the United States, comprising 54% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by Belgium, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+23.8% per year) and Belgium (+23.8% per year).

Import Prices by Country

In 2021, the average waffle and wafer import price amounted to $X per ton, with an increase of 7.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2014 an increase of 8.6% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per ton), while the price for Costa Rica ($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 (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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