Asia-Pacific: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Asia-Pacific

In 2021, the Asia-Pacific chocolate bar with filling market decreased by -1.2% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then reduced slightly in the following year.

Production of Chocolate Bars With Fillings in Asia-Pacific

In value terms, chocolate bar with filling production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 16% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

Exports of Chocolate Bars With Fillings

Exports in Asia-Pacific

In 2021, shipments abroad of chocolate bars with fillings increased by 18% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 31%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chocolate bar with filling exports soared to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

China was the key exporting country with an export of around X tons, which finished at 39% of total exports. It was distantly followed by Australia (X tons), Malaysia (X tons) and Singapore (X tons), together committing a 43% share of total exports. The following exporters - Japan (X tons), Hong Kong SAR (X tons) and India (X tons) - together made up 10% of total exports.

From 2012 to 2021, average annual rates of growth with regard to chocolate bar with filling exports from China stood at +15.7%. At the same time, India (+24.1%), Japan (+4.8%) and Singapore (+4.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +24.1% from 2012-2021. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Malaysia (-4.2%) and Australia (-5.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, India and Singapore increased by +28, +2.3 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Australia ($X) and Singapore ($X) were the countries with the highest levels of exports in 2021, with a combined 61% share of total exports. These countries were followed by Malaysia, Japan, Hong Kong SAR and India, which together accounted for a further 31%.

Among the main exporting countries, India, with a CAGR of +33.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, surging by 6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 7.6% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.8%), while the other leaders experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports in Asia-Pacific

In 2021, approx. X tons of chocolate bars with fillings were imported in Asia-Pacific; increasing by 5.8% against the previous year's figure. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 20%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, chocolate bar with filling imports rose sharply to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 9.8%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China was the key importing country with an import of around X tons, which reached 39% of total imports. Australia (X tons) ranks second in terms of the total imports with an 8.9% share, followed by Japan (8.5%), South Korea (6.7%), New Zealand (6.2%) and Singapore (5.8%). The following importers - Hong Kong SAR (X tons), Malaysia (X tons), the Philippines (X tons), Thailand (X tons), India (X tons), Taiwan (Chinese) (X tons) and Afghanistan (X tons) - together made up 19% of total imports.

From 2012 to 2021, average annual rates of growth with regard to chocolate bar with filling imports into China stood at +20.3%. At the same time, India (+21.0%), Afghanistan (+12.1%), the Philippines (+11.9%), Australia (+4.5%), New Zealand (+3.1%) and Malaysia (+2.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +21.0% from 2012-2021. By contrast, South Korea (-2.1%), Hong Kong SAR (-3.4%), Taiwan (Chinese) (-3.6%), Singapore (-3.6%), Japan (-3.6%) and Thailand (-4.2%) illustrated a downward trend over the same period. While the share of China (+28 p.p.), India (+1.7 p.p.) and the Philippines (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Taiwan (Chinese) (-1.9 p.p.), Thailand (-2.9 p.p.), Hong Kong SAR (-3.9 p.p.), South Korea (-5.5 p.p.), Singapore (-6.3 p.p.) and Japan (-9.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest chocolate bar with filling importing markets in Asia-Pacific were China ($X), Japan ($X) and Singapore ($X), together accounting for 48% of total imports. Australia, Hong Kong SAR, New Zealand, South Korea, Thailand, the Philippines, Malaysia, Taiwan (Chinese), India and Afghanistan lagged somewhat behind, together accounting for a further 45%.

The Philippines, with a CAGR of +16.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price saw a noticeable downturn. The pace of growth was the most pronounced in 2014 when the import price increased by 7.4%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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