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

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

In 2022, after three years of decline, there was growth in the Italian market for candies, sweets, and nonchocolate confectionery, when its value increased by 0.7% to $X. Overall, consumption, however, saw a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Candies, Sweets, and Nonchocolate Confectionery in Italy

In value terms, candy, sweets, and nonchocolate confectionery production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The growth pace was the most rapid in 2018 when the production volume increased by 49% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Italy

Candy, sweets, and nonchocolate confectionery exports from Italy skyrocketed to X tons in 2022, picking up by 26% against 2021 figures. In general, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 +65.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, candy, sweets, and nonchocolate confectionery exports rose rapidly to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +46.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from Italy, together comprising 37% of total exports. Belgium, France, Poland, Spain, Russia, Sweden, the UK, Austria, Greece and South Korea lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +31.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the United States ($X) were the largest markets for candy, sweets, and nonchocolate confectionery exported from Italy worldwide, together comprising 37% of total exports. France, Belgium, Poland, the UK, Spain, Sweden, Russia, South Korea, Austria and Greece lagged somewhat behind, together comprising a further 40%.

In terms of the main countries of destination, South Korea, with a CAGR of +36.4%, recorded 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

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, reducing by -10.3% against the previous year. Overall, the export price continues to indicate a mild contraction. The growth pace was the most rapid in 2020 an increase of 12%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Greece ($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 South Korea (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Italy

In 2022, candy, sweets, and nonchocolate confectionery imports into Italy surged to X tons, rising by 23% against 2021 figures. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, candy, sweets, and nonchocolate confectionery imports stood at $X in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Germany (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to Italy, together comprising 59% of total imports. France, Austria, the Netherlands, Poland and Ireland lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +10.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Belgium ($X) were the largest candy, sweets, and nonchocolate confectionery suppliers to Italy, together comprising 54% of total imports. France, the Netherlands, Poland, Austria and Ireland lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, Poland, with a CAGR of +8.9%, recorded 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 import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, with a decrease of -7% against the previous year. Over the period under review, the import price showed a slight descent. The pace of growth appeared the most rapid in 2017 an increase of 8.7% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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