India: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in India

In 2021, after five years of growth, there was decline in the Indian chocolate bar with filling market, when its value decreased by -3.8% to $X. Overall, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +30.4% against 2014 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then fell slightly in the following year.

Production of Chocolate Bars With Fillings in India

In value terms, chocolate bar with filling production dropped to $X in 2021 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +70.0% against 2013 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 24%. Chocolate bar with filling production peaked at $X in 2020, and then dropped in the following year.

Exports of Chocolate Bars With Fillings

Exports from India

In 2021, after three years of decline, there was significant growth in overseas shipments of chocolate bars with fillings, when their volume increased by 68% to X tons. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 185% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, chocolate bar with filling exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 287%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for chocolate bar with filling exports from India, with a 66% share of total exports. Moreover, chocolate bar with filling exports to the United Arab Emirates exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold. Indonesia (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+179.4% per year) and Indonesia (-31.5% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for chocolate bars with fillings exports from India, comprising 75% of total exports. The second position in the ranking was held by Malaysia ($X), with a 13% share of total exports. It was followed by Indonesia, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled +36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+196.7% per year) and Indonesia (-38.4% per year).

Export Prices by Country

In 2021, the average chocolate bar with filling export price amounted to $X per ton, waning by -8.5% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 36%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+147.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into India

In 2021, approx. X tons of chocolate bars with fillings were imported into India; picking up by 14% against 2020 figures. In general, imports posted significant growth. The growth pace was the most rapid in 2013 with an increase of 1,193% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, chocolate bar with filling imports soared to $X in 2021. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 826% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), the Netherlands (X tons) and Turkey (X tons) were the main suppliers of chocolate bar with filling imports to India, with a combined 85% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +56.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of chocolate bars with fillings to India, comprising 58% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 24% share of total imports. It was followed by Egypt, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+47.2% per year) and Egypt (-2.9% per year).

Import Prices by Country

The average chocolate bar with filling import price stood at $X per ton in 2021, surging by 3.3% against the previous year. Over the period under review, the import price, however, showed a pronounced descent. The growth pace was the most rapid in 2015 an increase of 9.8% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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