Bangladesh: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Bangladesh

The Bangladeshi chocolate bar with filling market shrank to $X in 2021, waning by -7% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Chocolate Bars With Fillings in Bangladesh

In value terms, chocolate bar with filling production declined to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 24% against the previous year. Chocolate bar with filling production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Chocolate Bars With Fillings

Exports from Bangladesh

In 2021, the amount of chocolate bars with fillings exported from Bangladesh shrank rapidly to X tons, declining by -54.4% on the previous year. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 161%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, chocolate bar with filling exports dropped significantly to $X in 2021. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 260% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), Bolivia (X tons) and the Philippines (X kg) were the main destinations of chocolate bar with filling exports from Bangladesh, together comprising 96% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +57.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for chocolate bar with filling exported from Bangladesh were Bolivia ($X), Australia ($X) and the Philippines ($X), together comprising 94% of total exports.

Australia, with a CAGR of +34.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, increasing by 78% against the previous year. Over the period under review, the export price posted a resilient increase. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+13.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chocolate Bars With Fillings

Imports into Bangladesh

In 2021, purchases abroad of chocolate bars with fillings was finally on the rise to reach X tons after three years of decline. Over the period under review, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chocolate bar with filling imports skyrocketed to $X in 2021. Overall, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), the Netherlands (X tons) and Russia (X tons) were the main suppliers of chocolate bar with filling imports to Bangladesh, together accounting for 62% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +27.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the Netherlands ($X) and Russia ($X) were the largest chocolate bar with filling suppliers to Bangladesh, with a combined 54% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +27.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chocolate bar with filling import price stood at $X per ton in 2021, reducing by -4.1% against the previous year. In general, the import price recorded a slight slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 24%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Russia ($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 (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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