U.S. - Chocolate And Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChocolate Prices in the United States
U.S. Chocolate Import Price per Ton in August 2022
In August 2022, the chocolate price per ton stood at $5.0K (CIF, US), picking up by 4.8% against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 7.2% month-to-month. The import price peaked in August 2022.
There were significant differences in the average prices amongst the major supplying countries. In August 2022, the country with the highest price was Poland ($12.0K per ton), while the price for Mexico ($3.3K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Chocolate Imports
In August 2022, the amount of chocolate and cocoa products imported into the United States rose to 73K tons, growing by 2.1% on July 2022. The total import volume increased at an average monthly rate of +3.5% from January 2022 to August 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain months. The growth pace was the most rapid in March 2022 when imports increased by 21% against the previous month. Imports peaked in August 2022.
In value terms, chocolate imports rose significantly to $365M (IndexBox estimates) in August 2022. The total import value increased at an average monthly rate of +4.7% over the period from January 2022 to August 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth appeared the most rapid in March 2022 with an increase of 18% month-to-month. Over the period under review, imports attained the peak figure in August 2022.
U.S. Chocolate Imports by Country
Canada (35K tons), Mexico (21K tons) and Germany (2.8K tons) were the main suppliers of chocolate imports to the United States, together accounting for 80% of total imports. These countries were followed by Belgium, Italy, Switzerland and Poland, which together accounted for a further 8.4%.
From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +12.4%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Canada ($167M) constituted the largest supplier of chocolate to the United States, comprising 46% of total imports. The second position in the ranking was held by Mexico ($69M), with a 19% share of total imports. It was followed by Germany, with a 5.1% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of value from Canada stood at +2.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+9.0% per month) and Germany (+12.8% per month).
This report provides an in-depth analysis of the chocolate market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10821400 - Cocoa powder, containing added sugar or other sweetening matter
- Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
- Prodcom 10822150 - Chocolate milk crumb containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822170 - Chocolate flavour coating containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822190 - Food preparations containing <18 % of cocoa butter and in packings weighing > 2 kg (excluding chocolate flavour coating, chocolate milk crumb)
- Prodcom 10822233 - Filled chocolate blocks, slabs or bars consisting of a centre (including of cream, liqueur or fruit paste, excluding chocolate biscuits)
- Prodcom 10822235 - Chocolate blocks, slabs or bars with added cereal, fruit or nuts (excluding filled, chocolate biscuits)
- Prodcom 10822239 - Chocolate blocks, slabs or bars (excluding filled, with added cereal, fruit or nuts, chocolate biscuits)
- Prodcom 10822243 - Chocolates (including pralines) containing alcohol (excluding in blocks, slabs or bars)
- Prodcom 10822245 - Chocolates (excluding those containing alcohol, in blocks, s labs or bars)
- Prodcom 10822253 - Filled chocolate confectionery (excluding in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822255 - Chocolate confectionery (excluding filled, in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822260 - Sugar confectionery and substitutes therefor made from sugar substitution products, containing cocoa (including chocolate nougat) (excluding white chocolate)
- Prodcom 10822270 - Chocolate spreads
- Prodcom 10822280 - Preparations containing cocoa for making beverages
- Prodcom 10822290 - Food products with cocoa (excluding cocoa paste, butter, p owder, blocks, slabs, bars, liquid, paste, powder, granular, o ther bulk form in packings > 2 kg, to make beverages, c hocolate spreads)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the chocolate market in the U.S..
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This report provides an in-depth analysis of the chocolate market in the U.S..
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This report provides an in-depth analysis of the market for chocolate bar with filling in the U.S..
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This report provides an in-depth analysis of the chocolate confectionery market in the USA.
351
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This report provides an in-depth analysis of the chocolate milk crumb market in the USA.
350
This report provides an in-depth analysis of the chocolate spread market in the USA.
291
This report provides an in-depth analysis of the chocolates with alcohol market in the USA.
382
This report provides an in-depth analysis of the market for cocoa powder with sugar in the U.S..
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In February 2023, the price of chocolate stayed the same at $5,159 per ton (CIF, US) compared with the month prior.
574
In September 2022, the chocolate price amounted to $5,372 per ton (CIF, US), increasing by 7.5% against the previous month.
256
In terms of value, chocolate imports decreased to $72 million in June 2023.
815
In May 2023, the price of the Chocolate Bar With Filling stood at $8,465 per ton (CIF, US), maintaining a steady level compared to the previous month.
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In value terms, chocolate and confectionery imports contracted to $430M in April 2023.
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Learn how to successfully enter the lucrative market for cereal, fruit, and nut chocolate bars in the United States. Conduct market research, understand consumer preferences, differentiate your products, establish distribution channels, and promote your brand effectively.
237
In June 2023, the price of Cereal, Fruit or Nut Chocolate Bar was $6,863 per ton (CIF, US), showing a decrease of -3.1% compared to the previous month.
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In July 2022, the confectionery price per ton amounted to $3,957, surging by 5% against the previous month.
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The chocolate industry is constantly changing and evolving. New trends are always emerging, and consumer behavior is always shifting.
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The global chocolate market steadily expands, rising to $156B in 2020. China, the U.S. and Germany are the largest chocolate consuming countries worldwide. Italy, the UK and Germany recorded the highest per capita consumption figures in 2020.
