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

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

The East Asian market for chocolate bars with cereals, fruit or nuts shrank to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2021, and then reduced modestly in the following year.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Eastern Asia

In value terms, production of chocolate bars with cereals, fruit or nuts totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2014 with an increase of 14% against the previous year. Over the period under review, production of hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports in Eastern Asia

In 2022, shipments abroad of chocolate bars with cereals, fruit or nuts was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by 16% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of chocolate bars with cereals, fruit or nuts reduced modestly to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +18.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, South Korea (X tons) represented the largest exporter of chocolate bars with cereals, fruit or nuts, creating 77% of total exports. Japan (X tons) ranks second in terms of the total exports with an 11% share, followed by China (11%).

Exports from South Korea increased at an average annual rate of +3.5% from 2012 to 2022. At the same time, Japan (+11.7%) and China (+2.6%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +11.7% from 2012-2022. From 2012 to 2022, the share of Japan increased by +5.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), South Korea ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 94% share of total exports.

In terms of the main exporting countries, Japan, with a CAGR of +8.7%, saw the highest rates of growth with regard to 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 export price in Eastern Asia amounted to $X per ton, waning by -7.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 an increase of 24%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports in Eastern Asia

In 2022, the amount of chocolate bars with cereals, fruit or nuts imported in Eastern Asia declined modestly to X tons, leveling off at the year before. Total imports indicated a moderate increase from 2012 to 2022: its volume 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, imports increased by +52.7% against 2012 indices. The pace of growth appeared the most rapid in 2018 with an increase of 15% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, imports of chocolate bars with cereals, fruit or nuts contracted to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 33%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Japan was the largest importing country with an import of about X tons, which resulted at 58% of total imports. China (X tons) held the second position in the ranking, distantly followed by South Korea (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons). All these countries together held near 42% share of total imports.

Imports into Japan increased at an average annual rate of +2.7% from 2012 to 2022. At the same time, South Korea (+11.8%), China (+11.1%) and Hong Kong SAR (+3.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +11.8% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of China (+8.8 p.p.) and South Korea (+5.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (-2.7 p.p.) and Japan (-9.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported chocolate bars with cereals, fruit or nuts in Eastern Asia, comprising 50% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by South Korea, with a 12% share.

In Japan, imports of chocolate bars with cereals, fruit or nuts expanded at an average annual rate of +4.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (+11.8% per year) and South Korea (+13.8% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2021 when the import price increased by 17%. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Hong Kong SAR ($X per ton), while Japan ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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