Ukraine: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Ukraine

The Ukrainian market for gingerbread, sweet biscuits and waffles soared to $X in 2022, jumping by 16% against the previous year. Overall, consumption, however, saw a drastic downturn. Gingerbread, sweet biscuit and waffle consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Gingerbread, Sweet Biscuits and Waffles in Ukraine

In value terms, gingerbread, sweet biscuit and waffle production fell modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 when the production volume increased by 15%. Gingerbread, sweet biscuit and waffle production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Ukraine

After three years of growth, overseas shipments of gingerbread, sweet biscuits and waffles decreased by -37.1% to X tons in 2022. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2017 with an increase of 25%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle exports contracted notably to $X in 2022. Over the period under review, exports saw a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 35% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons), Poland (X tons) and Moldova (X tons) were the main destinations of gingerbread, sweet biscuit and waffle exports from Ukraine, together accounting for 43% of total exports. Bulgaria, Latvia, Georgia, Germany, Lithuania, Kazakhstan, Yemen, Turkey, Israel and Hungary lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +232.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gingerbread, sweet biscuit and waffle exported from Ukraine were Romania ($X), Poland ($X) and Moldova ($X), together accounting for 40% of total exports. Bulgaria, Georgia, Lithuania, Kazakhstan, Hungary, Latvia, Germany, Israel, Yemen and Turkey lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, Bulgaria, with a CAGR of +215.8%, saw the highest rates of growth with regard to 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

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, with a decrease of -1.9% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gingerbread, sweet biscuit and waffle export price increased by +81.6% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 26%. As a result, the export price attained the peak level of $X per ton, and then reduced slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Ukraine

In 2022, after five years of growth, there was significant decline in supplies from abroad of gingerbread, sweet biscuits and waffles, when their volume decreased by -6.9% to X tons. In general, imports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2019 when imports increased by 67% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, gingerbread, sweet biscuit and waffle imports contracted to $X in 2022. Overall, imports, however, posted a temperate increase. The pace of growth appeared the most rapid in 2019 with an increase of 63% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to Ukraine, with a 34% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+14.5% per year) and the Czech Republic (+0.2% per year).

In value terms, Poland ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Ukraine, comprising 35% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports. It was followed by Bulgaria, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+14.5% per year) and Bulgaria (+38.4% per year).

Import Prices by Country

In 2022, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, which is down by -7.7% against the previous year. Overall, the import price saw a slight slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 4.8% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+37.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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