Overview of the Global Market for Sweet Biscuits, Waffles and Wafers

Market Size for Sweet Biscuits, Waffles and Wafers

In 2021, the global market for sweet biscuits, waffles and wafers decreased by -0.1% to $X, falling for the second year in a row after eight years of growth. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Sweet Biscuits, Waffles and Wafers

In value terms, sweet biscuit, waffle and wafer production stood at $X in 2021 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -22.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports

Global sweet biscuit, waffle and wafer exports was estimated at X tons in 2021, surging by 12% against the previous year. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sweet biscuit, waffle and wafer exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Mexico (X tons), Turkey (X tons), the Netherlands (X tons), Germany (X tons), Indonesia (X tons), Belgium (X tons), Poland (X tons), Italy (X tons), India (X tons), Canada (X tons), Russia (X tons) and Spain (X tons), together finishing at 66% of total export. The Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of +15.5%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Poland ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 24% share of global exports. Italy, Mexico, Belgium, Canada, Turkey, Indonesia, Spain, the Czech Republic, Russia and India lagged somewhat behind, together comprising a further 44%.

Among the main exporting countries, Indonesia, with a CAGR of +13.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, growing by 3.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 4.1% against the previous year. The global 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 origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while India ($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 (+2.4%), while the other global leaders experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports

In 2021, global imports of sweet biscuits, waffles and wafers expanded sharply to X tons, surging by 6.7% on 2020. The total import volume increased at an average annual rate of +4.4% 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 8.9%. Over the period under review, global imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, sweet biscuit, waffle and wafer imports amounted to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons), distantly followed by Germany (X tons) and France (X tons) represented the largest importers of sweet biscuits, waffles and wafers, together mixing up 26% of total imports. The UK (X tons), Belgium (X tons), the Netherlands (X tons), Iraq (X tons), China (X tons), Canada (X tons), Yemen (X tons), Italy (X tons), Saudi Arabia (X tons) and Romania (X tons) took a little share of total imports.

Imports into the United States increased at an average annual rate of +7.7% from 2012 to 2021. At the same time, China (+14.0%), Yemen (+10.7%), Romania (+10.1%), Germany (+4.3%), the UK (+4.3%), Iraq (+3.7%), Saudi Arabia (+3.5%), Italy (+3.2%), Canada (+2.7%) and Belgium (+2.6%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +14.0% from 2012-2021. France and the Netherlands experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States increased by +3.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported sweet biscuits, waffles and wafers worldwide, comprising 16% of global imports. The second position in the ranking was held by Germany ($X), with a 6.3% share of global imports. It was followed by France, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +6.4%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.2% per year) and France (-0.5% per year).

Import Prices by Country

The average import price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, picking up by 7.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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