Belgium: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Belgium

In 2021, the Belgian chocolate bar with filling market increased by 7.6% to $X, rising for the third consecutive year after five years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Chocolate Bars With Fillings in Belgium

In value terms, chocolate bar with filling production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 40% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Chocolate Bars With Fillings

Exports from Belgium

Chocolate bar with filling exports from Belgium dropped markedly to X tons in 2021, with a decrease of -17.1% compared with the previous year's figure. Over the period under review, total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 91% against the previous year. As a result, the exports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, chocolate bar with filling exports stood at $X in 2021. In general, total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 75%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The Netherlands (X tons) was the main destination for chocolate bar with filling exports from Belgium, accounting for a 58% share of total exports. Moreover, chocolate bar with filling exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X tons), fivefold. The third position in this ranking was held by Democratic Republic of the Congo (X tons), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+14.8% per year) and Democratic Republic of the Congo (+84.4% per year).

In value terms, the Netherlands ($X) remains the key foreign market for chocolate bars with fillings exports from Belgium, comprising 58% of total exports. The second position in the ranking was held by the UK ($X), with a 10% share of total exports. It was followed by Democratic Republic of the Congo, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+15.7% per year) and Democratic Republic of the Congo (+64.7% per year).

Export Prices by Country

In 2021, the average chocolate bar with filling export price amounted to $X per ton, with an increase of 21% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 28% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 the United Arab Emirates (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Belgium

In 2021, overseas purchases of chocolate bars with fillings decreased by -21.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.9% against 2016 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 72% against the previous year. As a result, imports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, chocolate bar with filling imports rose modestly to $X in 2021. In general, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.6% against 2017 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 49% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of chocolate bar with filling imports to Belgium, with a combined 85% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +153.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Poland ($X) constituted the largest chocolate bar with filling suppliers to Belgium, together comprising 82% of total imports.

Among the main suppliers, Poland, with a CAGR of +141.0%, recorded the highest rates of growth with regard to 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, with an increase of 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :