United Kingdom: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in the UK

The UK market for sweet biscuits, waffles and wafers was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Sweet Biscuits, Waffles and Wafers in the UK

In value terms, sweet biscuit, waffle and wafer production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 12% against the previous year. 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 the UK

In 2021, overseas shipments of sweet biscuits, waffles and wafers decreased by -15.2% to X tons, falling for the second consecutive year after three years of growth. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 9.8%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, sweet biscuit, waffle and wafer exports shrank to $X in 2021. Over the period under review, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 with an increase of 9.7% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for sweet biscuit, waffle and wafer exports from the UK, with a 24% share of total exports. Moreover, sweet biscuit, waffle and wafer exports to Ireland exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was held by Australia (X tons), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland totaled -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.0% per year) and Australia (+8.0% per year).

In value terms, Ireland ($X) remains the key foreign market for sweet biscuits, waffles and wafers exports from the UK, comprising 23% of total exports. The second position in the ranking was held by the United States ($X), with an 8.3% share of total exports. It was followed by France, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to Ireland totaled -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.0% per year) and France (-0.5% per year).

Export Prices by Country

The average export price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, increasing by 9.2% against the previous year. Overall, the export price, however, continues to indicate a mild contraction. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 France (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into the UK

In 2021, after nine years of growth, there was significant decline in supplies from abroad of sweet biscuits, waffles and wafers, when their volume decreased by -9.9% to X tons. The total import volume increased at an average annual rate of +4.3% 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%. Over the period under review, imports attained the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, sweet biscuit, waffle and wafer imports stood at $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 14%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to the UK, together accounting for 53% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +12.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Belgium ($X) appeared to be the largest sweet biscuit, waffle and wafer suppliers to the UK, together comprising 54% of total imports.

Poland, with a CAGR of +15.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, increasing by 15% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Czech Republic ($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 (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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