China: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in China

The Chinese market for candies, sweets, and nonchocolate confectionery declined slightly to $X in 2022, falling by -3.4% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in China

In value terms, candy, sweets, and nonchocolate confectionery production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from China

In 2022, approx. X tons of candies, sweets, and nonchocolate confectionery were exported from China; jumping by 26% on the year before. In general, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.6% 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 +46.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 33%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, candy, sweets, and nonchocolate confectionery exports soared to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.0% 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 +60.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Indonesia (X tons) and the Philippines (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from China, together comprising 33% of total exports. Malaysia, Thailand, Russia, Australia, Canada, Vietnam, South Korea, Mexico, Iraq and Saudi Arabia lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +90.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Philippines ($X) and Indonesia ($X) constituted the largest markets for candy, sweets, and nonchocolate confectionery exported from China worldwide, together comprising 34% of total exports. Malaysia, Thailand, Australia, Canada, South Korea, Russia, Vietnam, Saudi Arabia, Mexico and Iraq lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Vietnam, with a CAGR of +77.1%, 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

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, increasing by 3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2016 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($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 Malaysia (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into China

In 2022, the amount of candies, sweets, and nonchocolate confectionery imported into China dropped to X tons, waning by -13.6% against 2021. Over the period under review, imports, however, saw strong growth. The pace of growth was the most pronounced in 2018 with an increase of 39%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports fell to $X in 2022. Overall, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 43%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Thailand (X tons), Malaysia (X tons) and Germany (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to China, together accounting for 34% of total imports. Japan, the Philippines, Belgium, the United States, Singapore, Vietnam, Ukraine, Spain and South Korea lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +42.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Germany ($X) appeared to be the largest candy, sweets, and nonchocolate confectionery suppliers to China, with a combined 38% share of total imports. Thailand, Malaysia, Belgium, South Korea, the Philippines, Spain, Singapore, Vietnam and Ukraine lagged somewhat behind, together comprising a further 35%.

The Philippines, with a CAGR of +42.0%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, increasing by 4.1% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, candy, sweets, and nonchocolate confectionery import price increased by +74.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 54% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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