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

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in the EU

In 2022, after two years of growth, there was significant decline in the EU market for chocolate bars with cereals, fruit or nuts, when its value decreased by -10% to $X. Over the period under review, consumption recorded a slight setback. The level of consumption peaked 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 the EU

In value terms, production of chocolate bars with cereals, fruit or nuts rose markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 12%. Over the period under review, production of reached the peak level in 2022 and is likely to continue growth in the immediate term.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports in the EU

In 2022, the amount of chocolate bars with cereals, fruit or nuts exported in the European Union expanded modestly to X tons, picking up by 3.4% against the previous year. The total export volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 11% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, exports of chocolate bars with cereals, fruit or nuts dropped modestly to $X in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 9.1% against the previous year. The level of export peaked at $X in 2021, and then fell modestly in the following year.

Exports by Country

Germany represented the main exporter of chocolate bars with cereals, fruit or nuts in the European Union, with the volume of exports recording X tons, which was approx. 42% of total exports in 2022. Poland (X tons) ranks second in terms of the total exports with a 9.6% share, followed by Spain (6.3%), France (6.1%), Austria (5.9%) and Belgium (5.4%). The Netherlands (X tons), Ireland (X tons), Bulgaria (X tons), Italy (X tons), Croatia (X tons), Slovakia (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cereal, fruit or nut chocolate bar exports from Germany stood at +3.6%. At the same time, Croatia (+13.7%), Poland (+6.6%), Bulgaria (+6.2%), Spain (+4.7%), the Netherlands (+4.4%), Ireland (+3.9%), Austria (+3.5%), Italy (+2.9%), Sweden (+2.5%) and Slovakia (+2.3%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +13.7% from 2012-2022. France and Belgium experienced a relatively flat trend pattern. Poland (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while France and Belgium saw its share reduced by -2.4% and -2.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest cereal, fruit or nut chocolate bar supplier in the European Union, comprising 43% of total exports. The second position in the ranking was taken by Poland ($X), with an 8.2% share of total exports. It was followed by Belgium, with a 6.2% share.

In Germany, exports of chocolate bars with cereals, fruit or nuts increased at an average annual rate of +4.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+6.5% per year) and Belgium (-0.6% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, which is down by -3.7% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 9.2%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+3.6%), while the other leaders experienced more modest paces of growth.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports in the EU

In 2022, approx. X tons of chocolate bars with cereals, fruit or nuts were imported in the European Union; leveling off at the year before. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2019 when imports increased by 7.4% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, imports of chocolate bars with cereals, fruit or nuts fell to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2014 with an increase of 11%. Over the period under review, imports of hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

France (X tons) and Germany (X tons) were the main importers of chocolate bars with cereals, fruit or nuts in 2022, recording near 18% and 16% of total imports, respectively. It was distantly followed by the Netherlands (X tons), Spain (X tons), Poland (X tons), Belgium (X tons) and Italy (X tons), together constituting a 30% share of total imports. Slovakia (X tons), Austria (X tons), the Czech Republic (X tons), Sweden (X tons), Romania (X tons) and Croatia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Croatia (with a CAGR of +11.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, together accounting for 40% of total imports. Poland, Spain, Italy, Belgium, Slovakia, Austria, the Czech Republic, Sweden, Romania and Croatia lagged somewhat behind, together accounting for a further 41%.

Among the main importing countries, Slovakia, with a CAGR of +12.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, reducing by -3.3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 7.8%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Slovakia ($X per ton) and Germany ($X per ton), while Croatia ($X per ton) and Romania ($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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