Southern Asia: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Southern Asia

The South Asian market for gingerbread, sweet biscuits and waffles totaled $X in 2023, standing approx. at the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in Southern Asia

In value terms, gingerbread, sweet biscuit and waffle production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports in Southern Asia

In 2023, the amount of gingerbread, sweet biscuits and waffles exported in Southern Asia skyrocketed to X tons, increasing by X% compared with 2022. Total exports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2023 and are likely to continue growth in the immediate term.

In value terms, gingerbread, sweet biscuit and waffle exports surged to $X in 2023. Overall, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

India dominates exports structure, recording X tons, which was near X% of total exports in 2023. It was distantly followed by Pakistan (X tons), making up a X% share of total exports. The following exporters - Bangladesh (X tons) and Sri Lanka (X tons) - each reached a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to gingerbread, sweet biscuit and waffle exports from India stood at X%. At the same time, Bangladesh (X%), Pakistan (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. Bangladesh (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest gingerbread, sweet biscuit and waffle supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with an X% share of total exports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India stood at X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports in Southern Asia

In 2023, purchases abroad of gingerbread, sweet biscuits and waffles was finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle imports rose remarkably to $X in 2023. Total imports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Afghanistan (X tons) was the key importer of gingerbread, sweet biscuits and waffles, generating X% of total imports. It was distantly followed by India (X tons), Maldives (X tons) and Nepal (X tons), together making up a X% share of total imports. The following importers - Bhutan (X tons) and Bangladesh (X tons) - together made up X% of total imports.

Imports into Afghanistan increased at an average annual rate of X% from 2012 to 2023. At the same time, Bangladesh (X%), Bhutan (X%), Nepal (X%) and India (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. Maldives experienced a relatively flat trend pattern. While the share of Afghanistan (X p.p.), Bhutan (X p.p.), Nepal (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Maldives (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X), India ($X) and Maldives ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Nepal, Bangladesh and Bhutan lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Bhutan, with a CAGR of X%, saw the highest rates of growth with regard to 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 Southern Asia stood at $X per ton in 2023, waning by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then shrank slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nepal ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform