South-Eastern Asia: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in South-Eastern Asia

The Southeast Asian market for sweet biscuits, waffles and wafers was finally on the rise to reach $X in 2022, after four years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Sweet Biscuits, Waffles and Wafers in South-Eastern Asia

In value terms, sweet biscuit, waffle and wafer production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Sweet Biscuits, Waffles and Wafers

Exports in South-Eastern Asia

In 2022, exports of sweet biscuits, waffles and wafers in South-Eastern Asia expanded markedly to X tons, increasing by X% against 2021 figures. Over the period under review, exports showed a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, sweet biscuit, waffle and wafer exports skyrocketed to $X in 2022. Overall, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Indonesia represented the largest exporter of sweet biscuits, waffles and wafers in South-Eastern Asia, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X tons) and Thailand (X tons), together achieving a X% share of total exports. Singapore (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sweet biscuit, waffle and wafer exports from Indonesia stood at X%. At the same time, Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. Indonesia (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Malaysia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) remains the largest sweet biscuit, waffle and wafer supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Indonesia, sweet biscuit, waffle and wafer exports 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: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Sweet Biscuits, Waffles and Wafers

Imports in South-Eastern Asia

For the eleventh year in a row, South-Eastern Asia recorded growth in overseas purchases of sweet biscuits, waffles and wafers, which increased by X% to X tons in 2022. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, sweet biscuit, waffle and wafer imports skyrocketed to $X in 2022. In general, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the four major importers of sweet biscuits, waffles and wafers, namely the Philippines, Malaysia, Thailand and Vietnam, represented more than two-thirds of total import. Singapore (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Myanmar (X%) and Indonesia (X%).

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

In value terms, the largest sweet biscuit, waffle and wafer importing markets in South-Eastern Asia were Vietnam ($X), the Philippines ($X) and Malaysia ($X), with a combined X% share of total imports. Thailand, Singapore, Indonesia and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Myanmar, 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 South-Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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