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

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

The East European market for chocolate bars with cereals, fruit or nuts declined to $X in 2022, waning by -2.6% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

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

In value terms, production of chocolate bars with cereals, fruit or nuts stood at $X in 2022 estimated in export price. Overall, production saw a pronounced downturn. The growth pace was the most rapid in 2018 with an increase of 8.3%. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports in Eastern Europe

In 2022, shipments abroad of chocolate bars with cereals, fruit or nuts decreased by -8.3% to X tons, falling for the second year in a row after five years of growth. Total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.9% against 2020 indices. The pace of growth was the most pronounced in 2019 when exports increased by 22%. Over the period under review, the exports of reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of chocolate bars with cereals, fruit or nuts dropped to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 18% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

In 2022, Poland (X tons) was the largest exporter of chocolate bars with cereals, fruit or nuts, creating 42% of total exports. Russia (X tons) took the second position in the ranking, followed by Bulgaria (X tons), Slovakia (X tons), the Czech Republic (X tons), Ukraine (X tons) and Hungary (X tons). All these countries together took near 50% share of total exports.

Poland was also the fastest-growing in terms of the chocolate bars with cereals, fruit or nuts exports, with a CAGR of +6.6% from 2012 to 2022. At the same time, Bulgaria (+6.2%), Russia (+5.7%) and Slovakia (+2.3%) displayed positive paces of growth. The Czech Republic experienced a relatively flat trend pattern. By contrast, Ukraine (-2.8%) and Hungary (-4.5%) illustrated a downward trend over the same period. While the share of Poland (+10 p.p.), Bulgaria (+2.4 p.p.) and Russia (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (-2.5 p.p.), Ukraine (-4.5 p.p.) and Hungary (-6.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest cereal, fruit or nut chocolate bar supplier in Eastern Europe, comprising 40% of total exports. The second position in the ranking was held by Slovakia ($X), with an 11% share of total exports. It was followed by Bulgaria, with an 11% share.

In Poland, exports of chocolate bars with cereals, fruit or nuts expanded at an average annual rate of +6.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Slovakia (+4.5% per year) and Bulgaria (+10.0% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 6.8% against the previous year. The level of export peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+6.0%), while the other leaders experienced more modest paces of growth.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports in Eastern Europe

In 2022, imports of chocolate bars with cereals, fruit or nuts in Eastern Europe expanded to X tons, picking up by 3.7% on 2021. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 +1.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 13%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, imports of chocolate bars with cereals, fruit or nuts stood at $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +68.2% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of imports of chocolate bars with cereals, fruit or nuts in 2022 were Poland (X tons), Russia (X tons), Slovakia (X tons), the Czech Republic (X tons), Romania (X tons), Bulgaria (X tons) and Hungary (X tons), together reaching 86% of total import. The following importers - Belarus (X tons), Ukraine (X tons) and Lithuania (X tons) - each reached a 9.5% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ukraine (with a CAGR of +15.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Slovakia ($X) were the countries with the highest levels of imports in 2022, with a combined 52% share of total imports.

Slovakia, with a CAGR of +12.6%, 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 more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 an increase of 6.9% against the previous year. The level of import peaked at $X per ton in 2021, and then declined slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Slovakia ($X per ton) and the Czech Republic ($X per ton), while Lithuania ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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