U.S. Chocolate And Confectionery Imports

In April 2023, approximately 92K tons of chocolate and confectionery were imported into the United States; dropping by -6.3% against the month before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when imports increased by 21% month-to-month.

In value terms, chocolate and confectionery imports contracted to $430M (IndexBox estimates) in April 2023. The total import value increased at an average monthly rate of +1.1% over the period from April 2022 to April 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in March 2023 when imports increased by 23% against the previous month.

Imports by Country

In April 2023, Canada (32K tons) constituted the largest chocolate and confectionery supplier to the United States, with a 35% share of total imports. Moreover, chocolate and confectionery imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (13K tons), threefold. The third position in this ranking was taken by Cote d’Ivoire (8.9K tons), with a 9.7% share.

From April 2022 to April 2023, the average monthly growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-2.7% per month) and Cote d’Ivoire (+2.8% per month).

In value terms, Canada ($160M) constituted the largest supplier of chocolate and confectionery to the United States, comprising 37% of total imports. The second position in the ranking was taken by Mexico ($52M), with a 12% share of total imports. It was followed by Cote d’Ivoire, with a 7.1% share.

From April 2022 to April 2023, the average monthly growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+0.7% per month) and Cote d’Ivoire (+2.8% per month).

Import Prices by Country

In April 2023, the chocolate and confectionery price amounted to $4,698 per ton (CIF, US), standing approximately at the previous month. Over the period from April 2022 to April 2023, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 6.4% month-to-month. As a result, import price attained the peak level of $4,796 per ton. From October 2022 to April 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,366 per ton), while the price for Cote d’Ivoire ($3,436 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Ghana (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform