India: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in India

In 2022, the Indian market for candies, sweets, and nonchocolate confectionery decreased by -2.1% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in India

In value terms, candy, sweets, and nonchocolate confectionery production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 1.2%. Candy, sweets, and nonchocolate confectionery production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from India

Candy, sweets, and nonchocolate confectionery exports from India totaled X tons in 2022, growing by 4.3% on the year before. Overall, exports showed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 48%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, candy, sweets, and nonchocolate confectionery exports rose remarkably to $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Niger (X tons), Benin (X tons) and Angola (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from India, with a combined 28% share of total exports. Somalia, Democratic Republic of the Congo, Nigeria, Tanzania, Ghana, the United Arab Emirates, Togo, Mozambique, Senegal and Chad lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Somalia (with a CAGR of +63.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for candy, sweets, and nonchocolate confectionery exported from India were Niger ($X), Benin ($X) and Somalia ($X), with a combined 23% share of total exports.

Somalia, with a CAGR of +62.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, growing by 5.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 9.7% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into India

In 2022, the amount of candies, sweets, and nonchocolate confectionery imported into India declined notably to X tons, falling by -22.2% on 2021. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, candy, sweets, and nonchocolate confectionery imports contracted slightly to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +58.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 59% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Bangladesh (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to India, with a combined 71% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bangladesh (with a CAGR of +32.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest candy, sweets, and nonchocolate confectionery suppliers to India were Bangladesh ($X), China ($X) and Malaysia ($X), together accounting for 50% of total imports.

In terms of the main suppliers, Bangladesh, with a CAGR of +34.7%, 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 average import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, growing by 28% against the previous year. Overall, the import price, however, recorded a pronounced slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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