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

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

The Iranian market for candies, sweets, and nonchocolate confectionery shrank to $X in 2022, with a decrease of -5.9% against the previous year. Overall, consumption showed a noticeable descent. Candy, sweets, and nonchocolate confectionery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in Iran

In value terms, candy, sweets, and nonchocolate confectionery production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of 26%. Candy, sweets, and nonchocolate confectionery production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Iran

For the fifth consecutive year, Iran recorded growth in shipments abroad of candies, sweets, and nonchocolate confectionery, which increased by 3.6% to X tons in 2022. In general, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 57% against the previous year. 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 to $X in 2022. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 49% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Azerbaijan (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from Iran, with a 67% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Azerbaijan exceeded the volume sent to the second major destination, Kazakhstan (X tons), more than tenfold. The third position in this ranking was taken by Bahrain (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Azerbaijan stood at +50.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+29.6% per year) and Bahrain (+11.4% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from Iran, comprising 48% of total exports. The second position in the ranking was taken by Australia ($X), with a 7.7% share of total exports. It was followed by Bahrain, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Azerbaijan totaled +52.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+8.0% per year) and Bahrain (+13.5% per year).

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, approximately equating the previous year. In general, the export price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 25%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Kazakhstan ($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 Yemen (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Iran

In 2022, overseas purchases of candies, sweets, and nonchocolate confectionery decreased by -22.2% to X tons, falling for the sixth year in a row after three years of growth. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 108%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports contracted notably to $X in 2022. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 64%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of candy, sweets, and nonchocolate confectionery to Iran, with a 56% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was held by China (X tons), with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+25.2% per year) and China (-10.4% per year).

In value terms, Turkey ($X) constituted the largest supplier of candies, sweets, and nonchocolate confectionery to Iran, comprising 55% of total imports. The second position in the ranking was held by China ($X), with an 8.7% share of total imports. It was followed by Germany, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.8% per year) and Germany (-4.3% per year).

Import Prices by Country

The average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, declining by -7.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($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 (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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