Italy: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Italy

The Italian chocolate bar with filling market soared to $X in 2021, picking up by 33% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.5% against 2019 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Chocolate Bars With Fillings in Italy

In value terms, chocolate bar with filling production surged to $X in 2021 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +74.0% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 60% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Chocolate Bars With Fillings

Exports from Italy

In 2021, the amount of chocolate bars with fillings exported from Italy expanded sharply to X tons, growing by 8.2% against the previous year's figure. In general, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 28%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, chocolate bar with filling exports rose notably to $X in 2021. Overall, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +102.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 53%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), Germany (X tons) and Turkey (X tons) were the main destinations of chocolate bar with filling exports from Italy, together accounting for 36% of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +54.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the United Arab Emirates ($X) were the largest markets for chocolate bar with filling exported from Italy worldwide, with a combined 38% share of total exports.

Germany, with a CAGR of +47.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, increasing by 5.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 19%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Italy

In 2021, purchases abroad of chocolate bars with fillings increased by 1.7% to X tons, rising for the fifth year in a row after three years of decline. In general, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.2% 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 increased by +40.2% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 44% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, chocolate bar with filling imports reached $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of chocolate bar with filling imports to Italy, with a combined 76% share of total imports. These countries were followed by France, Spain, Austria and Hungary, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +25.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of chocolate bars with fillings to Italy, comprising 47% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.1% per year) and France (+2.4% per year).

Import Prices by Country

The average chocolate bar with filling import price stood at $X per ton in 2021, surging by 2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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