Israel: Chocolate Market 2024

Chocolate Market Size in Israel

The Israeli chocolate market fell slightly to $X in 2022, which is down by -3.3% against the previous year. Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.9% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped modestly in the following year.

Chocolate Production in Israel

In value terms, chocolate production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 39%. Chocolate production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Chocolate Exports

Exports from Israel

Chocolate exports from Israel fell remarkably to X tons in 2022, with a decrease of -80% against 2021 figures. Overall, exports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 639% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, chocolate exports plummeted to $X in 2022. Over the period under review, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 668% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Hungary (X tons) and Canada (X tons) were the main destinations of chocolate exports from Israel, with a combined 73% share of total exports. The UK, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +3,420.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate exported from Israel were the United States ($X), Hungary ($X) and Canada ($X), with a combined 73% share of total exports. The UK, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +1,893.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chocolate export price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2013 an increase of 6.1%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Italy ($X per ton), while the average price for exports to Hungary ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Chocolate Imports

Imports into Israel

In 2022, approx. X tons of chocolate and other food preparations containing cocoa were imported into Israel; declining by -12.2% on the previous year. Over the period under review, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 56%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, chocolate imports declined to $X in 2022. In general, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 59% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Belgium (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of chocolate imports to Israel, with a combined 83% share of total imports. These countries were followed by France, Jordan, the United States and Turkey, which together accounted for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of +94.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate suppliers to Israel were Belgium ($X), Germany ($X) and Spain ($X), together accounting for 83% of total imports. These countries were followed by France, Jordan, the United States and Turkey, which together accounted for a further 15%.

Jordan, with a CAGR of +98.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chocolate import price stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2014 an increase of 10% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Jordan ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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