China: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

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

The Chinese market for chocolate bars with cereals, fruit or nuts reached $X in 2022, stabilizing at the previous year. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 -0.8% against 2020 indices. Consumption of peaked at $X in 2020; afterwards, it flattened through to 2022.

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

In value terms, production of chocolate bars with cereals, fruit or nuts amounted to $X in 2022 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 18%. Over the period under review, production of reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from China

In 2022, approx. X tons of chocolate bars with cereals, fruit or nuts were exported from China; with a decrease of -10.1% compared with the year before. Overall, total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -35.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 43%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of chocolate bars with cereals, fruit or nuts dropped to $X in 2022. Over the period under review, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +11.0% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 43%. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Canada (X tons) and the United States (X tons) were the main destinations of exports of chocolate bars with cereals, fruit or nuts from China, with a combined 36% share of total exports. Thailand, Japan, Saudi Arabia, the United Arab Emirates, South Korea, the Philippines, Australia, Qatar, Indonesia and Israel lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +164.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Japan ($X) appeared to be the largest markets for cereal, fruit or nut chocolate bar exported from China worldwide, together accounting for 40% of total exports. Canada, Thailand, Saudi Arabia, the United Arab Emirates, South Korea, Australia, Qatar, the Philippines, Indonesia and Israel lagged somewhat behind, together accounting for a further 40%.

In terms of the main countries of destination, Indonesia, with a CAGR of +176.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, increasing by 4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2017 an increase of 15%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into China

In 2022, the amount of chocolate bars with cereals, fruit or nuts imported into China contracted markedly to X tons, waning by -17.1% compared with the year before. Over the period under review, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by 65%. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of chocolate bars with cereals, fruit or nuts fell to $X in 2022. In general, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Switzerland (X tons), Russia (X tons) and Malaysia (X tons) were the main suppliers of imports of chocolate bars with cereals, fruit or nuts to China, together accounting for 41% of total imports. Belarus, Vietnam, Germany, Belgium, Japan, Singapore, Spain, France, Italy and the United States lagged somewhat behind, together comprising a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +179.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cereal, fruit or nut chocolate bar suppliers to China were Switzerland ($X), Malaysia ($X) and Russia ($X), together comprising 47% of total imports. Belgium, Germany, Japan, Belarus, France, Italy, Spain, Singapore, Vietnam and the United States lagged somewhat behind, together accounting for a further 42%.

In terms of the main suppliers, Belarus, with a CAGR of +162.5%, saw 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 import price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, rising by 4.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 43% against the previous year. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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