Iran: Chocolate Market 2024

Chocolate Market Size in Iran

The Iranian chocolate market dropped to $X in 2022, with a decrease of -7% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Chocolate consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Chocolate Production in Iran

In value terms, chocolate production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 42%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Chocolate Exports

Exports from Iran

In 2022, the amount of chocolate and cocoa products exported from Iran declined sharply to X tons, dropping by -19.8% compared with the previous year. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 2,020%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, chocolate exports plummeted to $X in 2022. Overall, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2015 with an increase of 4,855% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Azerbaijan (X tons) was the main destination for chocolate exports from Iran, with a 56% share of total exports. Moreover, chocolate exports to Azerbaijan exceeded the volume sent to the second major destination, Armenia (X tons), fivefold. The third position in this ranking was held by China (X tons), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to Azerbaijan amounted to +86.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+36.9% per year) and China (+49.1% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for chocolate and cocoa products exports from Iran, comprising 39% of total exports. The second position in the ranking was taken by Armenia ($X), with a 16% share of total exports. It was followed by Kazakhstan, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to Azerbaijan totaled +95.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+38.8% per year) and Kazakhstan (+93.8% per year).

Export Prices by Country

In 2022, the average chocolate export price amounted to $X per ton, surging by 2.3% against the previous year. Overall, the export price, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2015 an increase of 134% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to South Africa ($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 Turkey (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into Iran

In 2022, overseas purchases of chocolate and cocoa products were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. In general, imports posted a perceptible expansion. The growth pace was the most rapid in 2016 when imports increased by 73% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chocolate imports contracted to $X in 2022. Over the period under review, imports posted a temperate increase. The growth pace was the most rapid in 2016 when imports increased by 105% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of chocolate to Iran, with a 45% share of total imports. Moreover, chocolate imports from Turkey exceeded the figures recorded by the second-largest supplier, Georgia (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (+37.3% per year) and Poland (+13.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of chocolate and cocoa products to Iran, comprising 31% of total imports. The second position in the ranking was held by Poland ($X), with a 12% share of total imports. It was followed by Georgia, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+16.2% per year) and Georgia (+27.1% per year).

Import Prices by Country

In 2022, the average chocolate import price amounted to $X per ton, falling by -12.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 31% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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