Latin America and the Caribbean: Chocolate Flavour Coating Market 2020

Chocolate Flavour Coating Market Size in Latin America and the Caribbean

The revenue of the chocolate flavour coating market in Latin America and the Caribbean amounted to $X in 2017, declining by -X% against the previous year. The chocolate flavour coating consumption continues to indicate a remarkable growth. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Over the period under review, the chocolate flavour coating market reached its peak figure level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Chocolate Flavour Coating Production in Latin America and the Caribbean

In 2017, chocolate flavour coating production in Latin America and the Caribbean totaled X tons, rising by X% against the previous year. The total output indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the chocolate flavour coating production increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2013, when it surged by X% y-o-y. Over the period under review, the chocolate flavour coating production attained its peak figure volume in 2017, and is expected to retain its growth in the immediate term.

Chocolate Flavour Coating Exports in Latin America and the Caribbean

In 2017, the amount of chocolate flavour coating exported in Latin America and the Caribbean amounted to X tons, going up by X% against the previous year. The chocolate flavour coating exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when it surged by X% year-to-year. In that year, the chocolate flavour coating exports reached their peak volume of X tons. From 2009 to 2017, growth of the chocolate flavour coating exports failed to regain its momentum.

In value terms, chocolate flavour coating exports amounted to $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the chocolate flavour coating exports reached its maximum level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Chocolate Flavour Coating Exports by Country in Latin America and the Caribbean

Mexico prevails in chocolate flavour coating exports structure, reaching X tons, which was near X% of total exports in 2017. It was distantly followed by Colombia (X tons), constituting X% share of total exports. The following exporters - Argentina (X tons), Brazil (X tons) and Ecuador (X tons) together made up X% of total exports.

Mexico experienced a relatively flat trend pattern of chocolate flavour coating exports. At the same time, Ecuador (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Brazil experienced a relatively flat trend pattern. By contrast, Argentina (-X%) illustrated a downward trend over the same period. While the share of Mexico (-X%) and Colombia (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest chocolate flavour coating supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Colombia ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

In Mexico, chocolate flavour coating exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Colombia (+X% per year) and Argentina (+X% per year).

Chocolate Flavour Coating Export Prices by Country in Latin America and the Caribbean

The chocolate flavour coating export price in Latin America and the Caribbean stood at $X per ton in 2017, growing by X% against the previous year. The export price indicated a strong growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the chocolate flavour coating export price decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2010, when it surged by X% y-o-y. Over the period under review, the export prices for chocolate flavour coating reached its maximum level of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Colombia ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Colombia (+X% per year), while the other leaders experienced more modest paces of growth.

Chocolate Flavour Coating Imports in Latin America and the Caribbean

In 2017, approx. X tons of chocolate flavour coating were imported in Latin America and the Caribbean; lowering by -X% against the previous year. The total imports indicated a remarkable growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the chocolate flavour coating imports increased by +X% against 2010 indices. The most prominent rate of growth was recorded in 2008, when imports increased by X% year-to-year. Over the period under review, the chocolate flavour coating imports attained its peak figure volume of X tons in 2016, and then declined slightly in the following year.

In value terms, chocolate flavour coating imports amounted to $X in 2017. The total imports indicated a remarkable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the chocolate flavour coating imports increased by +X% against 2008 indices. Over the period under review, the chocolate flavour coating imports attained its peak figure level of $X in 2016, and then declined slightly in the following year.

Chocolate Flavour Coating Imports by Country in Latin America and the Caribbean

Mexico dominates chocolate flavour coating imports structure, recording X tons, which was near X% of total imports in 2017. It was distantly followed by Brazil (X tons), creating X% share of total imports. The following importers - Chile (X tons), Guatemala (X tons), Colombia (X tons), Uruguay (X tons), Panama (X tons), the Dominican Republic (X tons) and Ecuador (X tons) together made up X% of total imports.

Imports into Mexico increased at an average annual rate of +X% from 2007 to 2017. At the same time, Uruguay (+X%), the Dominican Republic (+X%), Panama (+X%), Ecuador (+X%), Colombia (+X%), Chile (+X%) and Guatemala (+X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Brazil experienced a relatively flat trend pattern. From 2007 to 2017, the share of Uruguay, Chile and Mexico decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported chocolate flavour coating in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global imports. It was followed by Chile, with a X% share.

In Mexico, chocolate flavour coating imports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Chile (+X% per year).

Chocolate Flavour Coating Import Prices by Country in Latin America and the Caribbean

The chocolate flavour coating import price in Latin America and the Caribbean stood at $X per ton in 2017, shrinking by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% year-to-year. The level of import price peaked of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Panama ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Colombia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform