Eastern Asia: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Eastern Asia

The East Asian chocolate bar with filling market was estimated at $X in 2021, flattening at the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Chocolate Bars With Fillings in Eastern Asia

In value terms, chocolate bar with filling production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2019 with an increase of 21% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Exports of Chocolate Bars With Fillings

Exports in Eastern Asia

Chocolate bar with filling exports expanded notably to X tons in 2021, increasing by 12% compared with the year before. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2016 when exports increased by 59%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, chocolate bar with filling exports soared to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 35% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, accounting for X tons, which was approx. 80% of total exports in 2021. It was distantly followed by Japan (X tons) and Hong Kong SAR (X tons), together generating a 15% share of total exports. South Korea (X tons) held a relatively small share of total exports.

China was also the fastest-growing in terms of the chocolate bars with fillings exports, with a CAGR of +15.7% from 2012 to 2021. At the same time, Japan (+4.8%) displayed positive paces of growth. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, South Korea (-14.7%) illustrated a downward trend over the same period. China (+39 p.p.) significantly strengthened its position in terms of the total exports, while Japan, Hong Kong SAR and South Korea saw its share reduced by -2%, -5.8% and -30.5% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest chocolate bar with filling supplier in Eastern Asia, comprising 64% of total exports. The second position in the ranking was taken by Japan ($X), with a 21% share of total exports. It was followed by Hong Kong SAR, with a 9.2% share.

In China, chocolate bar with filling exports expanded at an average annual rate of +14.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+3.3% per year) and Hong Kong SAR (-3.8% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 8.9% against the previous year. Over the period under review, the export price, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2014 an increase of 18%. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.2%), while the other leaders experienced a decline in the export price figures.

Imports of Chocolate Bars With Fillings

Imports in Eastern Asia

In 2021, imports of chocolate bars with fillings in Eastern Asia totaled X tons, with an increase of 3.3% on the previous year's figure. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.1% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 35%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, chocolate bar with filling imports dropped slightly to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 19% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China represented the main importing country with an import of about X tons, which reached 65% of total imports. Japan (X tons) held the second position in the ranking, followed by South Korea (X tons) and Hong Kong SAR (X tons). All these countries together took approx. 31% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the chocolate bars with fillings imports, with a CAGR of +20.3% from 2012 to 2021. South Korea (-2.1%), Hong Kong SAR (-3.4%), Taiwan (Chinese) (-3.6%) and Japan (-3.6%) illustrated a downward trend over the same period. China (+44 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), Hong Kong SAR, South Korea and Japan saw its share reduced by -3.9%, -8.2%, -11.8% and -19.2% from 2012 to 2021, respectively.

In value terms, the largest chocolate bar with filling importing markets in Eastern Asia were China ($X), Japan ($X) and Hong Kong SAR ($X), together accounting for 82% of total imports.

China, with a CAGR of +11.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, which is down by -3.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 7.8% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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