CIS: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in CIS

The CIS chocolate bar with filling market expanded rapidly to $X in 2021, increasing by 11% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Production of Chocolate Bars With Fillings in CIS

In value terms, chocolate bar with filling production expanded notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 12%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Chocolate Bars With Fillings

Exports in CIS

In 2021, the amount of chocolate bars with fillings exported in the CIS expanded remarkably to X tons, surging by 15% compared with the year before. Total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 29%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, chocolate bar with filling exports skyrocketed to $X in 2021. Overall, exports recorded modest growth. The most prominent rate of growth was recorded in 2017 when exports increased by 29% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia represented the major exporting country with an export of around X tons, which recorded 82% of total exports. It was distantly followed by Belarus (X tons), generating a 16% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to chocolate bar with filling exports from Russia stood at +2.2%. At the same time, Belarus (+23.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +23.3% from 2012-2021. Belarus (+13 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -8.7% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest chocolate bar with filling supplier in the CIS, comprising 80% of total exports. The second position in the ranking was taken by Belarus ($X), with a 17% share of total exports.

In Russia, chocolate bar with filling exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, increasing by 4% against the previous year. Over the period under review, the export price, however, showed a noticeable reduction. The growth pace was the most rapid in 2015 when the export price increased by 6.9% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-3.0%).

Imports of Chocolate Bars With Fillings

Imports in CIS

In 2021, chocolate bar with filling imports in the CIS soared to X tons, growing by 27% compared with 2020 figures. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.6% against 2015 indices. 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 soared to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia was the main importing country with an import of around X tons, which recorded 50% of total imports. Kazakhstan (X tons) took the second position in the ranking, distantly followed by Belarus (X tons), Uzbekistan (X tons) and Azerbaijan (X tons). All these countries together held near 39% share of total imports. Kyrgyzstan (X tons) and Armenia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to chocolate bar with filling imports into Russia stood at +10.3%. At the same time, Azerbaijan (+25.8%), Uzbekistan (+14.1%), Belarus (+5.5%) and Armenia (+1.2%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +25.8% from 2012-2021. Kazakhstan experienced a relatively flat trend pattern. By contrast, Kyrgyzstan (-4.3%) illustrated a downward trend over the same period. Russia (+16 p.p.), Uzbekistan (+6.1 p.p.) and Azerbaijan (+3.9 p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan and Kazakhstan saw its share reduced by -6.4% and -14.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported chocolate bars with fillings in the CIS, comprising 47% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 16% share of total imports. It was followed by Belarus, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to +7.7%. In the other countries, the average annual rates were as follows: Kazakhstan (-1.7% per year) and Belarus (+0.5% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, growing by 6.6% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+13.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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