Egypt: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Egypt

The Egyptian market for gingerbread, sweet biscuits and waffles stood at $X in 2023, approximately mirroring the previous year. Overall, the total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Gingerbread, sweet biscuit and waffle consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Gingerbread, Sweet Biscuits and Waffles in Egypt

In value terms, gingerbread, sweet biscuit and waffle production amounted to $X in 2023 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Gingerbread, sweet biscuit and waffle production peaked at $X in 2021; afterwards, it flattened through to 2023.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Egypt

In 2023, exports of gingerbread, sweet biscuits and waffles from Egypt shrank to X tons, with a decrease of X% on the previous year's figure. Over the period under review, exports, however, recorded notable growth. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the exports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports amounted to $X in 2023. Overall, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see gradual growth in years to come.

Exports by Country

Saudi Arabia (X tons) was the main destination for gingerbread, sweet biscuit and waffle exports from Egypt, accounting for a X% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to Saudi Arabia exceeded the volume sent to the second major destination, Jordan (X tons), twofold. Iraq (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Iraq (X% per year).

In value terms, the largest markets for gingerbread, sweet biscuit and waffle exported from Egypt were Saudi Arabia ($X), Iraq ($X) and Jordan ($X), with a combined X% share of total exports. Palestine, Libya, Russia, Sudan, Australia, the United Arab Emirates, Kuwait, Yemen, Oman and Lebanon lagged somewhat behind, together comprising a further X%.

Australia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for gingerbread, sweet biscuits and waffles amounted to $X per ton, surging by X% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, gingerbread, sweet biscuit and waffle export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Iraq ($X per ton) and Libya ($X per ton), while the average price for exports to Russia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Egypt

In 2023, the amount of gingerbread, sweet biscuits and waffles imported into Egypt dropped dramatically to X tons, declining by X% against the previous year's figure. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle imports contracted to $X in 2023. Over the period under review, imports recorded a pronounced downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the United Arab Emirates (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to Egypt, with a X% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Egypt, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2023, growing by X% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2023: its price 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, gingerbread, sweet biscuit and waffle import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Bulgaria ($X per ton) and the United Arab Emirates ($X per ton), while the price for Poland ($X per ton) and Belgium ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform