Malaysia: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Malaysia

The Malaysian chocolate bar with filling market reduced to $X in 2021, with a decrease of -12.9% against the previous year. Overall, consumption, however, showed a modest expansion. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Production of Chocolate Bars With Fillings in Malaysia

In value terms, chocolate bar with filling production dropped to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 27% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Chocolate Bars With Fillings

Exports from Malaysia

After two years of decline, shipments abroad of chocolate bars with fillings increased by 67% to X tons in 2021. In general, exports, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2013 with an increase of 78% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chocolate bar with filling exports surged to $X in 2021. Overall, exports, however, saw a noticeable decrease. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Indonesia (X tons) and Saudi Arabia (X tons) were the main destinations of chocolate bar with filling exports from Malaysia, with a combined 50% share of total exports. These countries were followed by Taiwan (Chinese), Myanmar, the United Arab Emirates, Singapore, the Philippines, Thailand, Vietnam, India, Japan and South Korea, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +12.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Indonesia ($X) and Thailand ($X) appeared to be the largest markets for chocolate bar with filling exported from Malaysia worldwide, with a combined 48% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +16.6%, saw the highest growth rate of 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

The average chocolate bar with filling export price stood at $X per ton in 2021, picking up by 5.1% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 the United States (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Malaysia

Chocolate bar with filling imports into Malaysia soared to X tons in 2021, picking up by 70% against 2020. Overall, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, chocolate bar with filling imports soared to $X in 2021. In general, imports, however, saw a noticeable setback. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the Netherlands (X tons) and India (X tons) were the main suppliers of chocolate bar with filling imports to Malaysia, with a combined 46% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +83.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the Netherlands ($X) and China ($X) were the largest chocolate bar with filling suppliers to Malaysia, together comprising 36% of total imports.

In terms of the main suppliers, India, with a CAGR of +102.5%, 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

In 2021, the average chocolate bar with filling import price amounted to $X per ton, growing by 2.6% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of 3.6%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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