Peru: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Peru

The Peruvian market for gingerbread, sweet biscuits and waffles reached $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Gingerbread, sweet biscuit and waffle 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 Peru

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; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Peru

After seven years of growth, overseas shipments of gingerbread, sweet biscuits and waffles decreased by X% to X tons in 2023. Overall, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2022, and then shrank in the following year.

In value terms, gingerbread, sweet biscuit and waffle exports reduced to $X in 2023. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Colombia (X tons), Ecuador (X tons) and Chile (X tons) were the main destinations of gingerbread, sweet biscuit and waffle exports from Peru, with a combined X% share of total exports. The Dominican Republic, Bolivia, Costa Rica, El Salvador, Honduras, Guatemala, Panama, Nicaragua and Haiti lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Honduras (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gingerbread, sweet biscuit and waffle exported from Peru were Colombia ($X), Ecuador ($X) and Chile ($X), with a combined X% share of total exports. Bolivia, the Dominican Republic, Costa Rica, El Salvador, Honduras, Guatemala, Panama, Nicaragua and Haiti lagged somewhat behind, together accounting for a further X%.

Honduras, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price saw a mild slump. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Bolivia ($X per ton) and Ecuador ($X per ton), while the average price for exports to Nicaragua ($X per ton) and Haiti ($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 Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Peru

In 2023, after eleven years of growth, there was significant decline in purchases abroad of gingerbread, sweet biscuits and waffles, when their volume decreased by X% to X tons. In general, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2022, and then reduced in the following year.

In value terms, gingerbread, sweet biscuit and waffle imports declined to $X in 2023. Over the period under review, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then shrank in the following year.

Imports by Country

Bolivia (X tons), Ecuador (X tons) and Colombia (X tons) were the main suppliers of gingerbread, sweet biscuit and waffle imports to Peru, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ecuador (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Ecuador ($X) and Brazil ($X) were the largest gingerbread, sweet biscuit and waffle suppliers to Peru, with a combined X% share of total imports.

Ecuador, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price recorded a perceptible decline. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform