CIS: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in CIS

In 2022, the CIS chocolate and confectionery market increased by 1% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Chocolate And Confectionery Production in CIS

In value terms, chocolate and confectionery production shrank to $X in 2022 estimated in export price. In general, production, however, saw a perceptible contraction. The growth pace was the most rapid in 2013 with an increase of 8.2% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports in CIS

After six years of growth, shipments abroad of chocolate and confectionery decreased by -10.5% to X tons in 2022. In general, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 24%. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, chocolate and confectionery exports fell to $X in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +78.0% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Russia dominates exports structure, amounting to X tons, which was near 90% of total exports in 2022. Kazakhstan (X tons) and Belarus (X tons) held a relatively small share of total exports.

Russia was also the fastest-growing in terms of the chocolate and confectionery exports, with a CAGR of +8.5% from 2012 to 2022. At the same time, Kazakhstan (+3.2%) displayed positive paces of growth. By contrast, Belarus (-7.4%) illustrated a downward trend over the same period. Russia (+8.3 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan and Belarus saw its share reduced by -1.9% and -5.6% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest chocolate and confectionery supplier in the CIS, comprising 87% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 5.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +3.8%. In the other countries, the average annual rates were as follows: Kazakhstan (+3.8% per year) and Belarus (-9.9% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, falling by -1.8% against the previous year. Over the period under review, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of 9.2% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.5%), while the other leaders experienced a decline in the export price figures.

Chocolate And Confectionery Imports

Imports in CIS

In 2022, chocolate and confectionery imports in the CIS fell to X tons, waning by -8.5% compared with 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 22%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, chocolate and confectionery imports reduced modestly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, Russia (X tons) was the key importer of chocolate and confectionery, creating 56% of total imports. Kazakhstan (X tons) took the second position in the ranking, followed by Uzbekistan (X tons), Azerbaijan (X tons) and Belarus (X tons). All these countries together took approx. 35% share of total imports. The following importers - Kyrgyzstan (X tons) and Armenia (X tons) - each recorded a 5.8% share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of chocolate and confectionery. At the same time, Uzbekistan (+34.6%), Armenia (+5.0%) and Azerbaijan (+2.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +34.6% from 2012-2022. Kazakhstan and Belarus experienced a relatively flat trend pattern. By contrast, Kyrgyzstan (-3.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan increased by +10 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported chocolate and confectionery in the CIS, comprising 60% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 13% share of total imports. It was followed by Uzbekistan, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Kazakhstan (+0.2% per year) and Uzbekistan (+36.9% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, picking up by 5.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by 8.5%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Armenia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+6.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :