Japan: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Japan

The Japanese chocolate and confectionery market fell slightly to $X in 2022, approximately equating the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +2.3% against 2020 indices. Chocolate and confectionery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Chocolate And Confectionery Production in Japan

In value terms, chocolate and confectionery production reduced slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.3% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by 33%. Chocolate and confectionery production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Chocolate And Confectionery Exports

Exports from Japan

In 2022, the amount of chocolate and confectionery exported from Japan soared to X tons, picking up by 15% against the year before. Overall, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.4% 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 +45.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 35%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, chocolate and confectionery exports reduced slightly to $X in 2022. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +17.9% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, the exports attained the peak of $X, and then contracted slightly in the following year.

Exports by Country

China (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) were the main destinations of chocolate and confectionery exports from Japan, together comprising 58% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +36.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and the United States ($X) constituted the largest markets for chocolate and confectionery exported from Japan worldwide, with a combined 58% share of total exports.

China, with a CAGR of +31.6%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average chocolate and confectionery export price amounted to $X per ton, which is down by -15.2% against the previous year. Over the period under review, the export price saw a pronounced decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by 8.1%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($X per ton) and Singapore ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and South Korea ($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 South Korea (-0.3%), while the prices for the other major destinations experienced a decline.

Chocolate And Confectionery Imports

Imports into Japan

In 2022, supplies from abroad of chocolate and confectionery increased by 7% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 8.5%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, chocolate and confectionery imports reached $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 16% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Singapore (X tons), Malaysia (X tons) and South Korea (X tons) were the main suppliers of chocolate and confectionery imports to Japan, with a combined 60% share of total imports. Thailand, Australia, the Netherlands, Belgium, Ghana, Indonesia, Italy, Vietnam, France and the United States lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +41.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Belgium ($X) were the largest chocolate and confectionery suppliers to Japan, with a combined 46% share of total imports. Italy, France, Australia, the Netherlands, South Korea, the United States, Thailand, Indonesia, Ghana and Vietnam lagged somewhat behind, together accounting for a further 41%.

Vietnam, with a CAGR of +35.6%, recorded the highest rates of growth with regard to 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 2022, the average chocolate and confectionery import price amounted to $X per ton, remaining constant against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 11%. 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Thailand ($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 (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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