Brazil: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Brazil

After five years of growth, the Brazilian chocolate bar with filling market decreased by -0.5% to $X in 2021. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +32.4% against 2014 indices. Chocolate bar with filling consumption peaked at $X in 2020, and then declined modestly in the following year.

Production of Chocolate Bars With Fillings in Brazil

In value terms, chocolate bar with filling production dropped modestly to $X in 2021 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +98.9% against 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of 32%. Chocolate bar with filling production peaked at $X in 2020, and then fell in the following year.

Exports of Chocolate Bars With Fillings

Exports from Brazil

In 2021, exports of chocolate bars with fillings from Brazil rose remarkably to X tons, increasing by 5% against 2020 figures. In general, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 76% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, chocolate bar with filling exports skyrocketed to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 103% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for chocolate bar with filling exports from Brazil, accounting for a 39% share of total exports. Moreover, chocolate bar with filling exports to Argentina exceeded the volume sent to the second major destination, Ecuador (X tons), threefold. Oman (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina stood at -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+29.4% per year) and Oman (+133.8% per year).

In value terms, Argentina ($X) remains the key foreign market for chocolate bars with fillings exports from Brazil, comprising 63% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 10% share of total exports. It was followed by Chile, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Argentina stood at +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+34.3% per year) and Chile (+7.6% per year).

Export Prices by Country

In 2021, the average chocolate bar with filling export price amounted to $X per ton, jumping by 16% against the previous year. Over the period under review, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 40% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Oman ($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 Argentina (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Brazil

In 2021, purchases abroad of chocolate bars with fillings was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 168% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, chocolate bar with filling imports skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 105%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Switzerland (X tons) and Austria (X tons) were the main suppliers of chocolate bar with filling imports to Brazil, with a combined 75% share of total imports. These countries were followed by Portugal, Poland, Hungary, Italy, the United States, France, Australia and Bulgaria, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +402.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling suppliers to Brazil were Germany ($X), Switzerland ($X) and Austria ($X), with a combined 73% share of total imports. These countries were followed by Portugal, Italy, Poland, the United States, Hungary, France, Australia and Bulgaria, which together accounted for a further 23%.

Australia, with a CAGR of +359.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 4.1% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 31%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Bulgaria ($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 United States (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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