MERCOSUR: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in MERCOSUR

For the sixth year in a row, the MERCOSUR chocolate bar with filling market recorded growth in sales value, which increased by 0.2% to $X in 2021. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Production of Chocolate Bars With Fillings in MERCOSUR

In value terms, chocolate bar with filling production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 23%. The level of production peaked at $X in 2020, and then fell slightly in the following year.

Exports of Chocolate Bars With Fillings

Exports in MERCOSUR

In 2021, shipments abroad of chocolate bars with fillings increased by 18% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 48%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, chocolate bar with filling exports soared to $X in 2021. Total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 45% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Colombia (X tons), distantly followed by Brazil (X tons), Argentina (X tons), Chile (X tons) and Peru (X tons) represented the main exporters of chocolate bars with fillings, together achieving 98% of total exports. Venezuela (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Venezuela (with a CAGR of +20.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling supplying countries in MERCOSUR were Brazil ($X), Colombia ($X) and Chile ($X), with a combined 76% share of total exports. Argentina, Peru and Venezuela lagged somewhat behind, together comprising a further 23%.

Venezuela, with a CAGR of +25.8%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, with an increase of 4.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2017 when the export price increased by 17% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+6.2%), while the other leaders experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports in MERCOSUR

In 2021, purchases abroad of chocolate bars with fillings was finally on the rise to reach X tons after two years of decline. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chocolate bar with filling imports surged to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Venezuela (X tons), distantly followed by Chile (X tons), Colombia (X tons), Brazil (X tons), Ecuador (X tons) and Argentina (X tons) were the major importers of chocolate bars with fillings, together committing 93% of total imports. Peru (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +20.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling importing markets in MERCOSUR were Chile ($X), Brazil ($X) and Venezuela ($X), together accounting for 62% of total imports.

Chile, with a CAGR of +16.1%, recorded the highest growth rate of the value of imports, in terms of 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

The import price in MERCOSUR stood at $X per ton in 2021, which is down by -12.2% against the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2019 when the import price increased by 9.1% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform