Canada: Market for Chocolate Bars with Cereals, Fruit or Nuts 2025

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Canada

In 2022, the Canadian market for chocolate bars with cereals, fruit or nuts decreased by -0.7% to $X, falling for the second year in a row after two years of growth. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.1% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Canada

In value terms, production of chocolate bars with cereals, fruit or nuts fell modestly to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +41.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 43%. Over the period under review, production of reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Canada

In 2022, approx. X tons of chocolate bars with cereals, fruit or nuts were exported from Canada; which is down by -2.7% against the previous year. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.0% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by 24% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of chocolate bars with cereals, fruit or nuts rose significantly to $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +10.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for exports of chocolate bars with cereals, fruit or nuts from Canada, with a approx. 97% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +5.1%.

In value terms, the United States ($X) also remains the key foreign market for chocolate bars with cereals, fruit or nuts exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +10.0%.

Export Prices by Country

In 2022, the average export price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +4.7% per year.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Canada

In 2022, supplies from abroad of chocolate bars with cereals, fruit or nuts decreased by -3% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.4% against 2017 indices. The pace of growth was the most pronounced in 2018 when imports increased by 84%. Over the period under review, imports of reached the maximum at X tons in 2021, and then dropped modestly in the following year.

In value terms, imports of chocolate bars with cereals, fruit or nuts reached $X in 2022. Overall, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.1% against 2013 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 9.6% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons), Switzerland (X tons) and Belgium (X tons) were the main suppliers of imports of chocolate bars with cereals, fruit or nuts to Canada, with a combined 73% share of total imports. France, Germany and Italy lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +19.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of chocolate bars with cereals, fruit or nuts to Canada, comprising 44% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 20% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+4.1% per year) and Belgium (+7.6% per year).

Import Prices by Country

The average import price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, picking up by 7.2% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chocolate bars with cereals, fruit or nuts increased by +18.1% against 2018 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Germany ($X per ton), while the price for France ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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