MERCOSUR: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in MERCOSUR

The MERCOSUR market for chocolate bars with cereals, fruit or nuts shrank to $X in 2022, waning by -3.1% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Chocolate Bars with Cereals, Fruit or Nuts in MERCOSUR

In value terms, production of chocolate bars with cereals, fruit or nuts declined to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 16% against the previous year. Over the period under review, production of attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports in MERCOSUR

In 2022, the amount of chocolate bars with cereals, fruit or nuts exported in MERCOSUR fell slightly to X tons, with a decrease of -4.6% on 2021 figures. In general, exports saw a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 24%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of chocolate bars with cereals, fruit or nuts reached $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 24%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the major exporter of chocolate bars with cereals, fruit or nuts in MERCOSUR, with the volume of exports finishing at X tons, which was near 44% of total exports in 2022. Colombia (X tons) ranks second in terms of the total exports with a 25% share, followed by Peru (13%), Argentina (9.2%) and Chile (7.3%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Peru (with a CAGR of +11.6%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest cereal, fruit or nut chocolate bar supplying countries in MERCOSUR were Brazil ($X), Colombia ($X) and Peru ($X), together accounting for 83% of total exports.

Peru, with a CAGR of +14.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, growing by 9.7% against the previous year. Overall, the export price continues to indicate modest growth. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 Peru ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+3.0%), while the other leaders experienced more modest paces of growth.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports in MERCOSUR

In 2022, the amount of chocolate bars with cereals, fruit or nuts imported in MERCOSUR dropped to X tons, which is down by -9.8% against 2021. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, imports of chocolate bars with cereals, fruit or nuts declined to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Chile (X tons), Brazil (X tons), Argentina (X tons) and Uruguay (X tons) represented roughly 69% of total imports in 2022. It was distantly followed by Paraguay (X tons), Colombia (X tons) and Ecuador (X tons), together creating a 21% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +5.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Argentina ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 59% of total imports.

Brazil, with a CAGR of +7.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, increasing by 2.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 5% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Brazil ($X per ton) and Paraguay ($X per ton), while Uruguay ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform