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

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

In 2022, after two years of growth, there was significant decline in the Europe market for chocolate bars with cereals, fruit or nuts, when its value decreased by -9.5% to $X. Overall, consumption saw a mild descent. 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 Europe

In value terms, production of chocolate bars with cereals, fruit or nuts reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 8.4%. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a somewhat lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports in Europe

In 2022, the amount of chocolate bars with cereals, fruit or nuts exported in Europe stood at X tons, increasing by 2.2% against the previous year. The total export volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when exports increased by 11%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, exports of chocolate bars with cereals, fruit or nuts dropped to $X in 2022. The total export value increased at an average annual rate of +3.1% 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 appeared the most rapid in 2013 when exports increased by 9.3% 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 was the main exporting country with an export of about X tons, which resulted at 34% of total exports. It was distantly followed by Switzerland (X tons), Poland (X tons), Spain (X tons), France (X tons), Austria (X tons) and Belgium (X tons), together achieving a 37% share of total exports. The Netherlands (X tons), Ireland (X tons), the UK (X tons), Russia (X tons), Bulgaria (X tons) and Italy (X tons) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of +3.6% from 2012 to 2022. At the same time, Poland (+6.6%), Bulgaria (+6.2%), Russia (+5.7%), Spain (+4.7%), the Netherlands (+4.4%), Ireland (+3.9%), Austria (+3.5%), Italy (+2.9%), Switzerland (+2.0%) and the UK (+1.3%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of +6.6% from 2012-2022. France and Belgium experienced a relatively flat trend pattern. Poland (+2.3 p.p.) and Germany (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while France and Belgium saw its share reduced by -1.8% and -2.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest cereal, fruit or nut chocolate bar supplier in Europe, comprising 35% of total exports. The second position in the ranking was taken by Switzerland ($X), with an 11% share of total exports. It was followed by Poland, with a 6.8% 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. In the other countries, the average annual rates were as follows: Switzerland (+1.2% per year) and Poland (+6.5% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, falling by -3.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 8.6% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Italy ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports in Europe

In 2022, overseas purchases of chocolate bars with cereals, fruit or nuts decreased by -0.3% to X tons, falling for the second year in a row after five years of growth. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 6.6%. Over the period under review, imports of hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of chocolate bars with cereals, fruit or nuts shrank modestly to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 9.6%. Over the period under review, imports of attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

The countries with the highest levels of imports of chocolate bars with cereals, fruit or nuts in 2022 were the UK (X tons), France (X tons) and Germany (X tons), together reaching 40% of total import. The Netherlands (X tons) took the next position in the ranking, followed by Spain (X tons) and Poland (X tons). All these countries together took near 15% share of total imports. The following importers - Belgium (X tons), Italy (X tons), Russia (X tons), Slovakia (X tons), Austria (X tons), the Czech Republic (X tons) and Sweden (X tons) - together made up 22% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Slovakia (with a CAGR of +10.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cereal, fruit or nut chocolate bar importing markets in Europe were the UK ($X), Germany ($X) and France ($X), together comprising 40% of total imports. The Netherlands, Poland, Spain, Italy, Belgium, Russia, Slovakia, Austria, the Czech Republic and Sweden lagged somewhat behind, together accounting for a further 36%.

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

The import price in Europe stood at $X per ton in 2022, waning by -4.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 8% against the previous year. 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 noticeably 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 Spain ($X per ton) and Belgium ($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