Scandinavia: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Scandinavia

In 2023, the Scandinavia waffle and wafer market increased by X% to $X, rising for the seventh consecutive year after two years of decline. Over the period under review, consumption continues to indicate strong growth. Over the period under review, the market attained the peak level in 2023 and is likely to see steady growth in the near future.

Waffle And Wafer Production in Scandinavia

In value terms, waffle and wafer production reduced slightly to $X in 2023 estimated in export price. In general, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of production peaked at $X in 2022, and then declined modestly in the following year.

Waffle And Wafer Exports

Exports in Scandinavia

After eleven years of growth, shipments abroad of waffles and wafers decreased by X% to X tons in 2023. Total exports indicated prominent growth from 2012 to 2023: its volume 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. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then declined significantly in the following year.

In value terms, waffle and wafer exports rose modestly to $X in 2023. Over the period under review, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in years to come.

Exports by Country

Sweden prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2023. Norway (X tons) took the second position in the ranking, followed by Finland (X tons). All these countries together held near X% share of total exports.

Sweden was also the fastest-growing in terms of the waffles and wafers exports, with a CAGR of X% from 2012 to 2023. At the same time, Norway (X%) and Finland (X%) displayed positive paces of growth. Sweden (X p.p.) significantly strengthened its position in terms of the total exports, while Norway and Finland saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Sweden ($X) remains the largest waffle and wafer supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports.

In Sweden, waffle and wafer exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (X% per year) and Finland (X% per year).

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced mixed trends in the export price figures.

Waffle And Wafer Imports

Imports in Scandinavia

For the seventh year in a row, Scandinavia recorded growth in overseas purchases of waffles and wafers, which increased by X% to X tons in 2023. Total imports indicated pronounced growth from 2012 to 2023: its volume 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, imports increased by X% against 2012 indices. The growth pace was the most rapid in 2022 when imports increased by X%. The volume of import peaked in 2023 and is likely to continue growth in the immediate term.

In value terms, waffle and wafer imports skyrocketed to $X in 2023. In general, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden was the main importer of waffles and wafers in Scandinavia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. Norway (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Finland (X%).

Sweden was also the fastest-growing in terms of the waffles and wafers imports, with a CAGR of X% from 2012 to 2023. At the same time, Finland (X%) displayed positive paces of growth. Norway experienced a relatively flat trend pattern. While the share of Sweden (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Finland (X p.p.) and Norway (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported waffles and wafers in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports.

In Sweden, waffle and wafer imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform