China: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in China

In 2021, after three years of growth, there was decline in the Chinese chocolate bar with filling market, when its value decreased by -0.5% to $X. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached 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 China

In value terms, chocolate bar with filling production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 42%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Chocolate Bars With Fillings

Exports from China

In 2021, exports of chocolate bars with fillings from China soared to X tons, growing by 18% against the previous year. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 146% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, chocolate bar with filling exports soared to $X in 2021. In general, exports posted a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 120%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Australia (X tons), South Korea (X tons) and the Philippines (X tons) were the main destinations of chocolate bar with filling exports from China, together comprising 51% of total exports. These countries were followed by Japan, Malaysia, the United States, Thailand, Hong Kong SAR, New Zealand, Turkey, Saudi Arabia, Kuwait and the United Arab Emirates, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +108.8%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), South Korea ($X) and the Philippines ($X) constituted the largest markets for chocolate bar with filling exported from China worldwide, together comprising 44% of total exports. Japan, the United States, Hong Kong SAR, Malaysia, Turkey, Saudi Arabia, Thailand, Kuwait, New Zealand and the United Arab Emirates lagged somewhat behind, together accounting for a further 52%.

Kuwait, with a CAGR of +110.4%, saw 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 more modest paces of growth.

Export Prices by Country

In 2021, the average chocolate bar with filling export price amounted to $X per ton, increasing by 18% against the previous year. In general, the export price, however, recorded a slight curtailment. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 Saudi Arabia (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into China

In 2021, after four years of growth, there was decline in purchases abroad of chocolate bars with fillings, when their volume decreased by -0.7% to X tons. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 107% against the previous year. Imports peaked at X tons in 2020, and then declined slightly in the following year.

In value terms, chocolate bar with filling imports totaled $X in 2021. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 59%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of chocolate bar with filling to China, with a 85% share of total imports. Moreover, chocolate bar with filling imports from Russia exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. Kazakhstan (X tons) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +229.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.5% per year) and Kazakhstan (+15.2% per year).

In value terms, Russia ($X) constituted the largest supplier of chocolate bars with fillings to China, comprising 65% of total imports. The second position in the ranking was held by Italy ($X), with a 9.4% share of total imports. It was followed by Germany, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia totaled +208.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.3% per year) and Germany (-11.0% per year).

Import Prices by Country

In 2021, the average chocolate bar with filling import price amounted to $X per ton, increasing by 4.2% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2014 when the average import price increased by 6.3%. The import price peaked at $X per ton in 2016; however, from 2017 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 Austria ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :