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

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

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

Global Ginger Market 2019 – U.S. Imports Increases Robustly, Turning The Country Into The Most Promising Market

IndexBox has just published a new report: ‘World – Ginger – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% 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 period under review, ginger consumption continues to indicate a strong growth. The pace of growth appeared the most rapid in 2011, when the market value increased by 53% y-o-y. Global ginger consumption peaked at $5.6B in 2016; however, from 2017 to 2018, consumption failed to regain its momentum.

Production 2007-2018

In 2018, approx. 3.3M tonnes of ginger were produced worldwide; surging by 6.7% against the previous year. Over the period under review, the total output indicated a remarkable expansion from 2007 to 2018: its volume increased at an average annual rate of +6.5% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the ginger production increased by +42.8% against 2014 indices.

Exports 2007-2018

In 2018, the amount of ginger exported worldwide stood at 564K tonnes, reducing by -15.1% against the previous year. Overall, the total exports indicated a temperate expansion from 2007 to 2018: its volume increased at an average annual rate of +2.5% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the ginger exports decreased by -16.9% against 2016 indices. In value terms, ginger exports amounted to $754M (IndexBox estimates) in 2018.

Exports by Country

China dominates ginger exports structure, accounting for 390K tonnes, which was near 69% of total exports in 2018. It was distantly followed by Thailand (54K tonnes), achieving 9.7% share of total exports. Peru (21K tonnes), India (21K tonnes), Brazil (15K tonnes) and the Netherlands (13K tonnes) took a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to ginger exports from China stood at +3.4%. At the same time, Peru (+49.2%), India (+7.2%), Brazil (+7.0%), the Netherlands (+3.3%) and Thailand (+1.9%) displayed positive paces of growth. Moreover, Peru emerged as the fastest growing exporter in the world, with a CAGR of +49.2% from 2007-2018. China (+21 p.p.), Peru (+3.7 p.p.), India (+2 p.p.) and Thailand (+1.8 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($490M) remains the largest ginger supplier worldwide, comprising 65% of global exports. The second position in the ranking was occupied by Thailand ($56M), with a 7.5% share of global exports. It was followed by Peru, with a 5.6% share.

Export Prices by Country

The average ginger export price stood at $1,336 per tonne in 2018, going up by 15% against the previous year. In general, the ginger export price continues to indicate a remarkable expansion. Export prices varied noticeably by the country of origin; the country with the highest export price was Peru ($1,989 per tonne), while Thailand ($1,033 per tonne) was amongst the lowest.

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

Imports 2007-2018

In 2018, the amount of ginger imported worldwide amounted to 645K tonnes, shrinking by -8.3% against the previous year.

In value terms, ginger imports totaled $823M (IndexBox estimates) in 2018. Overall, ginger imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2010, with an increase of 49% against the previous year. Over the period under review, global ginger imports attained their maximum at $987M in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (89K tonnes), Japan (68K tonnes), the Netherlands (60K tonnes), the United Arab Emirates (47K tonnes), Pakistan (46K tonnes), Malaysia (45K tonnes), Bangladesh (42K tonnes), Saudi Arabia (28K tonnes), the UK (26K tonnes), India (24K tonnes) and Germany (23K tonnes) were the largest importers of ginger in the world, committing 77% of total import. Yemen (12K tonnes) occupied a little 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 India, while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($125M), Japan ($107M) and the Netherlands ($83M) constituted the countries with the highest levels of imports in 2018, with a combined 38% share of global imports. These countries were followed by Pakistan, Germany, the UK, the United Arab Emirates, Malaysia, Saudi Arabia, India, Yemen and Bangladesh, which together accounted for a further 38%.

Import Prices by Country

In 2018, the average ginger import price amounted to $1,275 per tonne, growing by 11% against the previous year. Overall, the import price indicated a remarkable growth from 2007 to 2018: its price increased at an average annual rate of +5.1% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the ginger import price increased by +33.3% against 2016 indices. There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was Germany ($2,672 per tonne), while Bangladesh ($279 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform