Chile: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Chile

In 2021, the Chilean chocolate bar with filling market increased by 5.3% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Chocolate Bars With Fillings in Chile

In value terms, chocolate bar with filling production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 27% against the previous year. Chocolate bar with filling production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Chocolate Bars With Fillings

Exports from Chile

In 2021, overseas shipments of chocolate bars with fillings decreased by -21.7% to X tons, falling for the second year in a row after four years of growth. Overall, exports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 98% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, chocolate bar with filling exports shrank remarkably to $X in 2021. In general, exports, however, showed a noticeable expansion. The growth pace was the most rapid in 2019 when exports increased by 79%. Over the period under review, the exports reached the maximum at $X in 2020, and then fell notably in the following year.

Exports by Country

Bolivia (X tons) was the main destination for chocolate bar with filling exports from Chile, accounting for a 85% share of total exports. Moreover, chocolate bar with filling exports to Bolivia exceeded the volume sent to the second major destination, Peru (X tons), more than tenfold. Panama (X tons) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia stood at +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-8.0% per year) and Panama (-12.3% per year).

In value terms, Bolivia ($X) remains the key foreign market for chocolate bars with fillings exports from Chile, comprising 84% of total exports. The second position in the ranking was held by Peru ($X), with a 6.7% share of total exports. It was followed by Panama, with a 2% share.

From 2012 to 2021, the average annual growth rate of value to Bolivia amounted to +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-4.3% per year) and Panama (-10.3% per year).

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, surging by 4% against the previous year. In general, the export price showed a temperate expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 71% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Costa Rica ($X per ton) and Panama ($X per ton), while the average price for exports to Bolivia ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Chile

For the tenth consecutive year, Chile recorded growth in supplies from abroad of chocolate bars with fillings, which increased by 115% to X tons in 2021. In general, imports posted significant growth. As a result, imports attained 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. Over the period under review, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Brazil (X tons) and Argentina (X tons) were the main suppliers of chocolate bar with filling imports to Chile, together accounting for 59% of total imports. These countries were followed by Colombia, Turkey, Spain, the United States and the UK, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +60.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Germany ($X) and Argentina ($X) were the largest chocolate bar with filling suppliers to Chile, with a combined 62% share of total imports. The United States, Colombia, Turkey, Spain and the UK lagged somewhat behind, together comprising a further 20%.

Colombia, with a CAGR of +46.6%, 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

In 2021, the average chocolate bar with filling import price amounted to $X per ton, picking up by 20% against the previous year. Over the period under review, the import price, however, saw a noticeable decrease. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Spain ($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 (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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