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

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

The MERCOSUR market for candies, sweets, and nonchocolate confectionery contracted modestly to $X in 2022, declining by -2.1% against the previous year. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the market value increased by 4.7% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in MERCOSUR

In value terms, candy, sweets, and nonchocolate confectionery production reduced slightly to $X in 2022 estimated in export price. Overall, production showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of 6.7%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports in MERCOSUR

Candy, sweets, and nonchocolate confectionery exports declined to X tons in 2022, shrinking by -11.8% compared with 2021 figures. Overall, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery exports reached $X in 2022. In general, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Brazil (X tons) represented the largest exporter of candies, sweets, and nonchocolate confectionery, comprising 58% of total exports. Colombia (X tons) took the second position in the ranking, distantly followed by Argentina (X tons). All these countries together took near 37% share of total exports. The following exporters - Ecuador (X tons) and Chile (X tons) - each reached a 4% share of total exports.

Brazil was also the fastest-growing in terms of the candies, sweets, and nonchocolate confectionery exports, with a CAGR of +3.1% from 2012 to 2022. Chile (-5.2%), Argentina (-6.2%), Ecuador (-8.1%) and Colombia (-8.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by +26 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest candy, sweets, and nonchocolate confectionery supplying countries in MERCOSUR were Brazil ($X), Colombia ($X) and Argentina ($X), together accounting for 90% of total exports.

Brazil, with a CAGR of +2.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, picking up by 15% against the previous year. Overall, the export price, however, recorded a slight downturn. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports in MERCOSUR

In 2022, the amount of candies, sweets, and nonchocolate confectionery imported in MERCOSUR declined to X tons, waning by -14.5% against 2021. Overall, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 34%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports declined modestly to $X in 2022. In general, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 51%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Chile (X tons), distantly followed by Paraguay (X tons), Peru (X tons), Colombia (X tons), Brazil (X tons), Argentina (X tons), Ecuador (X tons) and Uruguay (X tons) were the major importers of candies, sweets, and nonchocolate confectionery, together mixing up 93% of total imports.

Chile was also the fastest-growing in terms of the candies, sweets, and nonchocolate confectionery imports, with a CAGR of +6.3% from 2012 to 2022. At the same time, Colombia (+3.4%) displayed positive paces of growth. Uruguay, Paraguay, Brazil and Argentina experienced a relatively flat trend pattern. By contrast, Peru (-2.9%) and Ecuador (-6.4%) illustrated a downward trend over the same period. While the share of Chile (+16 p.p.), Colombia (+5.2 p.p.), Paraguay (+3.7 p.p.), Brazil (+2.1 p.p.), Uruguay (+2.1 p.p.) and Argentina (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ecuador (-3.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported candies, sweets, and nonchocolate confectionery in MERCOSUR, comprising 28% of total imports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total imports. It was followed by Colombia, with an 11% share.

In Chile, candy, sweets, and nonchocolate confectionery imports expanded at an average annual rate of +7.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (+0.8% per year) and Colombia (+2.0% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, with an increase of 14% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 28%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform