Mexico - Gingerbread, Sweet Biscuits And Waffles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Gingerbread, Sweet Biscuit and Waffle in Mexico - 2023
Contents:
- Price for Gingerbread, Sweet Biscuit and Waffle in Mexico (FOB) - 2023
- Price for Gingerbread, Sweet Biscuit and Waffle in Mexico (CIF) - 2023
- Exports of Gingerbread, Sweet Biscuit and Waffle in Mexico
- Imports of Gingerbread, Sweet Biscuit and Waffle in Mexico
Price for Gingerbread, Sweet Biscuit and Waffle in Mexico (FOB) - 2023
In August 2023, the average export price for gingerbread, sweet biscuits and waffles amounted to $2,907 per ton, growing by 7.5% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 33% against the previous month. Over the period under review, the average export prices attained the peak figure at $3,353 per ton in March 2023; however, from April 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($5,140 per ton), while the average price for exports to the United States stood at $2,834 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.7%).
Price for Gingerbread, Sweet Biscuit and Waffle in Mexico (CIF) - 2023
The average import price for gingerbread, sweet biscuits and waffles stood at $7,635 per ton in August 2023, increasing by 6.3% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.5%. The growth pace was the most rapid in June 2023 an increase of 32% against the previous month. The import price peaked in August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Canada ($14,024 per ton), while the price for Guatemala ($3,315 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Gingerbread, Sweet Biscuit and Waffle in Mexico
In 2022, the amount of gingerbread, sweet biscuits and waffles exported from Mexico totaled 444K tons, surging by 2% against 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 69%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, gingerbread, sweet biscuit and waffle exports soared to $1.2B in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Gingerbread, Sweet Biscuit and Waffle in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 685 | 755 | 903 | 1,125 | 18.0% |
| Canada | 29.3 | 31.5 | 31.3 | 28.9 | -0.5% |
| Guatemala | 8.4 | 6.7 | 9.2 | 12.3 | 13.6% |
| Others | 27.1 | 23.7 | 22.7 | 29.7 | 3.1% |
| Total | 750 | 817 | 966 | 1,196 | 16.8% |
Top Export Markets for Gingerbread, Sweet Biscuit and Waffle from Mexico in 2022:
- United States (420.2K tons)
- Guatemala (7.4K tons)
- Canada (7.1K tons)
Imports of Gingerbread, Sweet Biscuit and Waffle in Mexico
In 2022, supplies from abroad of gingerbread, sweet biscuits and waffles was finally on the rise to reach 31K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt descent.
In value terms, gingerbread, sweet biscuit and waffle imports soared to $170M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Gingerbread, Sweet Biscuit and Waffle in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 52.7 | 48.4 | 61.4 | 71.8 | 10.9% |
| United States | 46.6 | 45.4 | 49.9 | 56.1 | 6.4% |
| Spain | 2.8 | 4.6 | 5.2 | 14.8 | 74.2% |
| Italy | 6.7 | 5.3 | 8.8 | 10.6 | 16.5% |
| China | 4.6 | 6.0 | 7.6 | 4.7 | 0.7% |
| Guatemala | 3.1 | 1.7 | 2.8 | 2.8 | -3.3% |
| Brazil | 7.1 | 5.6 | 1.8 | 1.3 | -43.2% |
| Indonesia | 6.1 | 6.2 | 0.2 | N/A | -81.9% |
| Others | 19.9 | 17.0 | 7.3 | 7.5 | -27.8% |
| Total | 149 | 140 | 145 | 170 | 4.5% |
Top Suppliers of Gingerbread, Sweet Biscuit and Waffle to Mexico in 2022:
- United States (14.7K tons)
- Canada (6.4K tons)
- Spain (4.7K tons)
- Italy (1.4K tons)
- China (1.3K tons)
- Guatemala (1.1K tons)
- Brazil (0.3K tons)
This report provides an in-depth analysis of the market for gingerbread, sweet biscuit and waffle in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10721230 - Gingerbread and the like
- Prodcom 10721253 - Sweet biscuits, waffles and wafers completely or partially coated or covered with chocolate or other preparations containing cocoa
- Prodcom 10721255 - Sweet biscuits (including sandwich biscuits, excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
- Prodcom 10721257 - Waffles and wafers with a water content > .10 % by weight of the finished product (excluding ice cream cornets, s andwiched waffles, other similar products)
- Prodcom 10721259 - Waffles and wafers (including salted) (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In July 2022, the waffle and wafer price amounted to $8,288 per ton (CIF, Mexico), growing by 45% against the previous month.
62
During the review period, Sweet Biscuit exports surged to record levels in 2023 and are projected to continue growing in the future. The value of Sweet Biscuit exports notably increased to $1.2B in 2023.
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The growth pace of Sweet Biscuit was the most rapid in September 2023 with a month-on-month increase of 12%. In value terms, sweet biscuit exports declined to $102M in December 2023.
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In July 2022, the sweet biscuit price amounted to $2,675 per ton (FOB, Mexico), growing by 13% against the previous month.
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Global exports have posted steady growth over the last few years, with an average annual rate of +X%. In 2015, exports on the bakery product market expanded to X thousand tons. In value terms, this was X million USD, a decline of X% less
