ASEAN: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in ASEAN

After four years of decline, the ASEAN market for sweet biscuits, waffles and wafers increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Sweet Biscuits, Waffles and Wafers in ASEAN

In value terms, sweet biscuit, waffle and wafer production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Sweet Biscuits, Waffles and Wafers

Exports in ASEAN

In 2022, the amount of sweet biscuits, waffles and wafers exported in ASEAN totaled X tons, with an increase of X% on the previous year. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, sweet biscuit, waffle and wafer exports skyrocketed to $X in 2022. Overall, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Indonesia was the largest exporter of sweet biscuits, waffles and wafers in ASEAN, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Malaysia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sweet biscuit, waffle and wafer exports from Indonesia stood at X%. At the same time, Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. From 2012 to 2022, the share of Indonesia and Thailand increased by X and X percentage points, respectively.

In value terms, Indonesia ($X) remains the largest sweet biscuit, waffle and wafer supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Indonesia, sweet biscuit, waffle and wafer exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Sweet Biscuits, Waffles and Wafers

Imports in ASEAN

For the eleventh consecutive year, ASEAN recorded growth in overseas purchases of sweet biscuits, waffles and wafers, which increased by X% to X tons in 2022. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, sweet biscuit, waffle and wafer imports skyrocketed to $X in 2022. Overall, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of sweet biscuit, waffle and wafer imports in 2022 were the Philippines (X tons), Malaysia (X tons), Thailand (X tons) and Vietnam (X tons), together finishing at X% of total import. Singapore (X tons) took the next position in the ranking, followed by Myanmar (X tons) and Indonesia (X tons). All these countries together held near X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit, waffle and wafer importing markets in ASEAN were Vietnam ($X), the Philippines ($X) and Malaysia ($X), with a combined X% share of total imports. Thailand, Singapore, Indonesia and Myanmar lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Myanmar, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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