chocolate production Archives

IndexBox has just published a new report: ‘EU – Chocolate Bars With Fillings – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The revenue of the chocolate bars with filling market in the European Union amounted to $3.6B in 2018, surging by 3.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the last three years, the market indicated a gradual but consistent growth both in value terms and in physical terms.

Consumption By Country in the EU

Germany (271K tonnes) remains the largest chocolate bar with filling consuming country in the European Union, comprising approx. 32% of total volume. Moreover, the volume of consumption in Germany exceeded the figures recorded by the second-largest consumer, Italy (108K tonnes), threefold. The UK (101K tonnes) ranked third in terms of total consumption with a 12% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in Germany totaled +2.6%. The remaining consuming countries recorded the following average annual rates of consumption growth: Italy (+7.6% per year) and the UK (-4.4% per year).

In value terms, the largest chocolate bar with filling markets in the European Union were Germany ($963M), Italy ($756M) and the UK ($411M), with a combined 59% share of the total market. These countries were followed by France, the Netherlands, Poland, Romania, Sweden, Denmark, the Czech Republic and Spain, which together accounted for a further 27%.

The countries with the highest levels of chocolate bar with filling per capita consumption in 2018 were Germany (3,313 kg per 1000 persons), Denmark (2,703 kg per 1000 persons) and the Netherlands (2,165 kg per 1000 persons).

Market Forecast 2019-2025 in the EU

Driven by increasing demand for chocolate bars with filling in the European Union, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.7% for the period from 2018 to 2025, which is projected to bring the market volume to 881K tonnes by the end of 2025.

Production in the EU

The volume of production of chocolate bars with filling in the EU stood at 937K tonnes in 2018, going up by 5.1% against the previous year. Overall, the volume of production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 9.5% against the previous year. In that year, chocolate bars with filling production reached its peak volume of 968K tonnes. From 2015 to 2018, chocolate bars with filling production growth failed to regain its momentum.

Production By Country in the EU

Germany (386K tonnes) remains the largest chocolate bars with filling producing country in the European Union, comprising approx. 41% of total volume. Moreover, the volume of production in Germany exceeded the figures recorded by the second-largest producer, the Netherlands (178K tonnes), twofold. The third position in this ranking was occupied by Italy (108K tonnes), with a 12% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in Germany amounted to +3.7%. The remaining producing countries recorded the following average annual rates of production growth: the Netherlands (+0.5% per year) and Italy (+9.1% per year).

Exports in the EU

In 2018, approx. 649K tonnes of chocolate bars with fillings were exported in the European Union; jumping by 4.6% against the previous year. The total exports indicated a tangible increase from 2007 to 2018: its volume increased at an average annual rate of +3.3% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the volume of exports attained its maximum in 2018 and isexpected to retain its growth in the immediate term. In value terms, chocolate bars with filling exports stood at $3.4B (IndexBox estimates) in 2018.

Exports by Country

Germany (197K tonnes) and the Netherlands (185K tonnes) represented roughly 59% of total exports of chocolate bars with fillings in 2018. Poland (43K tonnes) occupied a 6.6% share (based on tonnes) of total exports, which put it in second place, followed by Austria (6.5%). Belgium (26K tonnes), the UK (21K tonnes), Italy (20K tonnes), Spain (17K tonnes), France (15K tonnes), Hungary (13K tonnes), the Czech Republic (12K tonnes) and Bulgaria (10K tonnes) occupied a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Bulgaria, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bars with filling supplying countries in the European Union were Germany ($1.3B), the Netherlands ($813M) and Poland ($200M), together comprising 66% of total exports. These countries were followed by Italy, Austria, Belgium, the UK, France, Spain, Hungary, the Czech Republic and Bulgaria, which together accounted for a further 25%.

Export Prices by Country

In 2018, the average export price for chocolate bars with filling in the European Union amounted to $5,297 per tonne, jumping by 3% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.6%.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($7,684 per tonne), while Austria ($3,567 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, the amount of chocolate bars with fillings imported in the European Union stood at 553K tonnes, increasing by 5.2% against the previous year. The total imports indicated a remarkable expansion from 2007 to 2018: its volume increased at an average annual rate of +4.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, imports of chocolate bars with filling totaled $2.6B (IndexBox estimates) in 2018.

Imports by Country

The imports of the five major importers of chocolate bars with fillings, namely the UK, Germany, France, the Netherlands and Poland, represented more than half of total import. Belgium (22K tonnes), Romania (21K tonnes), Italy (21K tonnes), Sweden (20K tonnes), Austria (18K tonnes), Hungary (15K tonnes) and Denmark (15K tonnes) held a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Poland, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest importing markets for chocolate bars with filling in the European Union were the UK ($366M), Germany ($359M) and France ($294M), together comprising 39% of total imports. These countries were followed by the Netherlands, Poland, Italy, Sweden, Belgium, Austria, Romania, Denmark and Hungary, which together accounted for a further 41%.

Import Prices by Country

The average import price for chocolate bars with filling in the European Union stood at $4,727 per tonne in 2018, rising by 3.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2018, the major importing countries recorded the following average prices: in Italy ($5,759 per tonne) and Sweden ($5,656 per tonne), while Hungary ($4,010 per tonne) and the UK ($4,028 per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

IndexBox has just published a new report, the U.S. Chocolate And Confectionery Market. Analysis And Forecast to 2025. Here is a summary of the report’s key findings.

The revenue of the chocolate and confectionery market in the U.S. amounted to $6B in 2018, picking up by 13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +5.6% over the period from 2013 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review.

The pace of growth was the most pronounced in 2014, when the market value increased by 42% against the previous year. In that year, the chocolate and confectionery market reached its peak level of $6.5B. From 2015 to 2018, the growth of the chocolate and confectionery market remained at a somewhat lower figure.

Chocolate And Confectionery Production in the USA

In value terms, chocolate and confectionery production totaled $4.9B in 2018. The total output value increased at an average annual rate of +3.5% over the period from 2013 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014, when it surged by 7.5% against the previous year.

Chocolate And Confectionery Exports

Exports from the USA

In 2018, chocolate and confectionery exports from the U.S. amounted to 12K tonnes, picking up by 7.3% against the previous year. In general, chocolate and confectionery exports continue to indicate an abrupt setback.

In value terms, chocolate and confectionery exports stood at $47M (IndexBox estimates) in 2018.

Exports by Country

Russia (1.7K tonnes), Brazil (1.2K tonnes) and South Korea (760 tonnes) were the main destinations of chocolate and confectionery exports from the U.S., together comprising 31% of total exports. These countries were followed by Bulgaria, Colombia, Japan, Guatemala, the Philippines, Viet Nam, China, Hong Kong SAR, China and the Dominican Republic, which together accounted for a further 36%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Viet Nam (+107.8% per year), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($9.8M) remains the key foreign market for chocolate and confectionery exports from the U.S., comprising 21% of total chocolate and confectionery exports. The second position in the ranking was occupied by South Korea ($3.1M), with a 6.5% share of total exports. It was followed by China, Hong Kong SAR, with a 6.4% share.

Export Prices by Country

In 2018, the average chocolate and confectionery export price amounted to $4 per kg, going down by -8.3% against the previous year. In general, the chocolate and confectionery export price continues to indicate a measured setback.

There were significant differences in the average export prices for the major foreign markets. In 2018, the country with the highest export price was China, Hong Kong SAR ($7.6 per kg), while the average price for exports to Bulgaria ($1 per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to the Dominican Republic (+4.2% per year), while the export prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into the USA

In 2018, the amount of chocolate and confectionery imported into the U.S. stood at 363K tonnes, waning by -2.1% against the previous year. The total import volume increased at an average annual rate of +3.7% over the period from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016, with an increase of 16% year-to-year. Over the period under review, chocolate and confectionery imports reached their maximum at 371K tonnes in 2017, and then declined slightly in the following year.

In value terms, chocolate and confectionery imports stood at $1.4B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +3.5% over the period from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations over the period under review. Over the period under review, chocolate and confectionery imports attained their maximum at $1.4B in 2016; however, from 2017 to 2018, imports remained at a lower figure.

Imports by Country

Indonesia (77K tonnes), the Netherlands (57K tonnes) and Cote d’Ivoire (43K tonnes) were the main suppliers of chocolate and confectionery imports to the U.S., with a combined 49% share of total imports. Malaysia, Ghana, Belgium, Germany, Spain, Brazil, France, Cameroon and India lagged somewhat behind, together comprising a further 37%.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by India (+32.1% per year), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($358M) constituted the largest supplier of chocolate and confectionery to the U.S., comprising 26% of total chocolate and confectionery imports. The second position in the ranking was occupied by the Netherlands ($150M), with a 11% share of total imports. It was followed by Cote d’Ivoire, with a 8.5% share.

Import Prices by Country

The average chocolate and confectionery import price stood at $3.8 per kg in 2018, increasing by 3.5% against the previous year. In general, the chocolate and confectionery import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was India ($5.4 per kg), while the price for Cameroon ($1.6 per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by India (+8.1% per year), while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Hershey Company, Barry Callebaut USA, Godiva Chocolatier, Guittard Chocolate Co., The Warrell Corporation, World’s Finest Chocolate, Astor Chocolate Corp., Champlain Chocolate Company, Elmer Candy Corporation, Madelaine Chocolate Novelties, Mars Retail Group, Sweetworks, Frankford Candy, Lake Country Foods, Trufood Mfg., T R Toppers, Totally Chocolate, Rocky Mountain Chocolate Factory, Hawaiian Host, Blommer Chocolate Company of California, London Harry Candies, Cargill Cocoa & Chocolate, Fantasy Chocolates, Lindt & Sprungli (usa), Karl Bissinger, Rocky Mountain Chocolate Factory

Source: IndexBox AI Platform

The Market For Filled Chocolate Bars in the EU Overcame $3.5B