Africa: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Africa

In 2022, the African waffle and wafer market decreased by X% to $X for the first time since 2014, thus ending a seven-year rising trend. In general, consumption, however, showed a strong increase. Over the period under review, the market hit record highs at $X in 2021, and then declined slightly in the following year.

Waffle And Wafer Production in Africa

In value terms, waffle and wafer production totaled $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Waffle And Wafer Exports

Exports in Africa

In 2022, the amount of waffles and wafers exported in Africa stood at X tons, picking up by X% against the year before. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, waffle and wafer exports surged to $X in 2022. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Egypt (X tons) and Tunisia (X tons) dominates exports structure, together generating X% of total exports. It was distantly followed by Morocco (X tons) and Algeria (X tons), together mixing up a X% share of total exports. The following exporters - Ghana (X tons), South Africa (X tons) and Senegal (X tons) - each amounted to an X% share of total exports.

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

In value terms, Egypt ($X) remains the largest waffle and wafer supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

In Egypt, 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: Tunisia (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, surging by X% against the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, waffle and wafer export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

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

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

Waffle And Wafer Imports

Imports in Africa

In 2022, waffle and wafer imports in Africa contracted to X tons, which is down by X% on 2021 figures. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, waffle and wafer imports dropped to $X in 2022. In general, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Libya was the largest importer of waffles and wafers in Africa, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Morocco (X tons), South Africa (X tons), Egypt (X tons) and Democratic Republic of the Congo (X tons), together committing a X% share of total imports. Cote d'Ivoire (X tons), Guinea (X tons), Sudan (X tons), Angola (X tons), Ghana (X tons), Congo (X tons), Nigeria (X tons) and Gabon (X tons) held a relatively small share of total imports.

Imports into Libya increased at an average annual rate of X% from 2012 to 2022. At the same time, Democratic Republic of the Congo (X%), Sudan (X%), Guinea (X%), Morocco (X%), Congo (X%), Cote d'Ivoire (X%), South Africa (X%), Egypt (X%) and Gabon (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%), Nigeria (X%) and Angola (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Morocco, Libya, Democratic Republic of the Congo, Sudan, Guinea and South Africa increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Libya ($X) constitutes the largest market for imported waffles and wafers in Africa, comprising X% of total imports. The second position in the ranking was held by Morocco ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

In Libya, waffle and wafer imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Egypt (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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