Ukraine: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Ukraine

In 2021, after two years of decline, there was growth in the Ukrainian market for sweet biscuits, waffles and wafers, when its value increased by 2.3% to $X. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Sweet Biscuits, Waffles and Wafers in Ukraine

In value terms, sweet biscuit, waffle and wafer production amounted to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when the production volume increased by 15%. Sweet biscuit, waffle and wafer production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Ukraine

For the third consecutive year, Ukraine recorded growth in shipments abroad of sweet biscuits, waffles and wafers, which increased by 3.5% to X tons in 2021. In general, exports, however, saw a noticeable descent. The growth pace was the most rapid in 2017 with an increase of 26%. The exports peaked 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 skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 36%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X tons), Poland (X tons) and Moldova (X tons) were the main destinations of sweet biscuit, waffle and wafer exports from Ukraine, together comprising 32% of total exports. These countries were followed by Belarus, Turkey, Georgia, Kazakhstan, Latvia, Bulgaria, Azerbaijan, Lithuania, Hungary and Israel, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +279.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the key foreign market for sweet biscuits, waffles and wafers exports from Ukraine, comprising 18% of total exports. The second position in the ranking was taken by Poland ($X), with a 6.4% share of total exports. It was followed by Belarus, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania amounted to +62.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+112.0% per year) and Belarus (+2.2% per year).

Export Prices by Country

The average export price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, jumping by 26% against the previous year. Overall, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sweet biscuit, waffle and wafer export price increased by +87.8% against 2016 indices. 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 export markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Poland ($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 Romania (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Ukraine

In 2021, overseas purchases of sweet biscuits, waffles and wafers increased by 15% to X tons, rising for the fifth year in a row after three years of decline. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 66% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, sweet biscuit, waffle and wafer imports skyrocketed to $X in 2021. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 63% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), the Netherlands (X tons) and Turkey (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Ukraine, with a combined 56% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +51.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit, waffle and wafer suppliers to Ukraine were Poland ($X), the Netherlands ($X) and Bulgaria ($X), together comprising 55% of total imports. These countries were followed by Italy, Turkey, Spain, Germany, the Czech Republic and Russia, which together accounted for a further 35%.

Turkey, with a CAGR of +50.3%, saw the highest rates of growth with regard to 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 import price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 5%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+37.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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