Israel: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Israel

In 2021, the Israeli chocolate bar with filling market decreased by -18.3% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Production of Chocolate Bars With Fillings in Israel

In value terms, chocolate bar with filling production shrank rapidly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 95% against the previous year. As a result, production attained the peak level of $X, and then dropped notably in the following year.

Exports of Chocolate Bars With Fillings

Exports from Israel

Chocolate bar with filling exports from Israel surged to X tons in 2021, jumping by 71% against 2020. In general, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 233%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, chocolate bar with filling exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 213%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for chocolate bar with filling exports from Israel, accounting for a 87% share of total exports. Moreover, chocolate bar with filling exports to the United States exceeded the volume sent to the second major destination, France (X tons), more than tenfold. Germany (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.0% per year) and Germany (+52.6% per year).

In value terms, the United States ($X) remains the key foreign market for chocolate bars with fillings exports from Israel, comprising 87% of total exports. The second position in the ranking was taken by France ($X), with a 5.3% share of total exports. It was followed by Germany, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.8% per year) and Germany (+54.2% per year).

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, picking up by 3.8% against the previous year. In general, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and the UK ($X per ton), while the average price for exports to France ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chocolate Bars With Fillings

Imports into Israel

In 2021, imports of chocolate bars with fillings into Israel was estimated at X tons, increasing by 5.5% on 2020 figures. Over the period under review, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 76%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, chocolate bar with filling imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 28%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of chocolate bar with filling imports to Israel, together comprising 47% of total imports. These countries were followed by Italy, Switzerland, the UK, Hungary, Belgium, the United States, Lithuania, Ukraine, Poland and Croatia, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +91.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Turkey ($X) were the largest chocolate bar with filling suppliers to Israel, together comprising 47% of total imports. Italy, Switzerland, the UK, Hungary, Belgium, the United States, Lithuania, Ukraine, Poland and Croatia lagged somewhat behind, together accounting for a further 36%.

Hungary, with a CAGR of +76.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average chocolate bar with filling import price amounted to $X per ton, increasing by 8.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Ukraine ($X per ton) and the United States ($X per ton), while the price for Hungary ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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