U.S.: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in the U.S.

The U.S. market for gingerbread, sweet biscuits and waffles rose to $X in 2022, surging by 1.9% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Production of Gingerbread, Sweet Biscuits and Waffles in the U.S.

In value terms, gingerbread, sweet biscuit and waffle production totaled $X in 2022. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 4.7% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from the U.S.

In 2022, gingerbread, sweet biscuit and waffle exports from the United States expanded remarkably to X tons, increasing by 8.1% on 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports stood at $X in 2022. The total export value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Canada (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from the United States, with a 59% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+4.7% per year) and Japan (+6.0% per year).

In value terms, Canada ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from the United States, comprising 56% of total exports. The second position in the ranking was taken by Mexico ($X), with an 18% share of total exports. It was followed by Japan, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+7.7% per year) and Japan (+12.4% per year).

Export Prices by Country

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, rising by 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2017 an increase of 12% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Saudi Arabia ($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 Japan (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into the U.S.

For the eighth year in a row, the United States recorded growth in overseas purchases of gingerbread, sweet biscuits and waffles, which increased by 11% to X tons in 2022. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 28%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, gingerbread, sweet biscuit and waffle imports soared to $X in 2022. Overall, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) constituted the largest gingerbread, sweet biscuit and waffle supplier to the United States, with a 57% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico stood at +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+1.3% per year) and Italy (+17.1% per year).

In value terms, Canada ($X), Mexico ($X) and Italy ($X) were the largest gingerbread, sweet biscuit and waffle suppliers to the United States, together comprising 76% of total imports.

Italy, with a CAGR of +20.7%, recorded 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

In 2022, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, surging by 13% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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