Israel: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Israel

The Israeli chocolate and confectionery market rose rapidly to $X in 2022, growing by 6.6% against the previous year. In general, consumption recorded a strong expansion. Chocolate and confectionery consumption peaked in 2022 and is expected to retain growth in the immediate term.

Chocolate And Confectionery Production in Israel

In value terms, chocolate and confectionery production expanded slightly to $X in 2022 estimated in export price. In general, production enjoyed significant growth. The growth pace was the most rapid in 2015 when the production volume increased by 863%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Chocolate And Confectionery Exports

Exports from Israel

In 2022, approx. X tons of chocolate and confectionery were exported from Israel; shrinking by -12.1% on the previous year's figure. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 63%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, chocolate and confectionery exports fell to $X in 2022. The total export value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 39%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

The United States (X tons) was the main destination for chocolate and confectionery exports from Israel, accounting for a 77% share of total exports. Moreover, chocolate and confectionery exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), tenfold. The third position in this ranking was taken by Chile (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+5.1% per year) and Chile (+151.6% per year).

In value terms, the United States ($X) remains the key foreign market for chocolate and confectionery exports from Israel, comprising 77% of total exports. The second position in the ranking was taken by the UK ($X), with a 7.5% share of total exports. It was followed by Chile, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+6.6% per year) and Chile (+135.5% per year).

Export Prices by Country

In 2022, the average chocolate and confectionery export price amounted to $X per ton, falling by -2.4% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 24% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and the United States ($X per ton), while the average price for exports to Canada ($X per ton) and the UK ($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 the UK (+1.4%), while the prices for the other major destinations experienced a decline.

Chocolate And Confectionery Imports

Imports into Israel

For the fifth consecutive year, Israel recorded growth in supplies from abroad of chocolate and confectionery, which increased by 9.8% to X tons in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.6% 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 +20.9% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of 27% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, chocolate and confectionery imports rose significantly to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +88.6% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Germany (X tons) and Cote d'Ivoire (X tons) were the main suppliers of chocolate and confectionery imports to Israel, with a combined 40% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +26.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery suppliers to Israel were Italy ($X), Germany ($X) and Belgium ($X), with a combined 42% share of total imports. The Netherlands, Singapore, Switzerland, Cote d'Ivoire, Turkey, France, Spain, the United States, Poland and Ghana lagged somewhat behind, together accounting for a further 43%.

Among the main suppliers, Cote d'Ivoire, with a CAGR of +27.0%, 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

The average chocolate and confectionery import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Poland ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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