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

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

The North American market for chocolate bars with cereals, fruit or nuts was estimated at $X in 2022, surging by 1.9% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Northern America

In value terms, production of chocolate bars with cereals, fruit or nuts reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 28% against the previous year. Over the period under review, production of hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports in Northern America

In 2022, overseas shipments of chocolate bars with cereals, fruit or nuts increased by 2.8% to X tons, rising for the second consecutive year after four years of decline. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 14%. Over the period under review, the exports of attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of chocolate bars with cereals, fruit or nuts expanded markedly to $X in 2022. The total export value increased at an average annual rate of +4.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The United States (X tons) and Canada (X tons) represented roughly 99.9% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +5.2%).

In value terms, Canada ($X) and the United States ($X) were the countries with the highest levels of exports in 2022.

Among the main exporting countries, Canada, with a CAGR of +10.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, growing by 7.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2015 when the export price increased by 12%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.5%).

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports in Northern America

In 2022, supplies from abroad of chocolate bars with cereals, fruit or nuts increased by 3.1% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 11%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of chocolate bars with cereals, fruit or nuts expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +5.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) was the key importer of chocolate bars with cereals, fruit or nuts, generating 84% of total imports. It was distantly followed by Canada (X tons), mixing up a 16% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of chocolate bars with cereals, fruit or nuts. At the same time, Canada (+3.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +3.0% from 2012-2022. From 2012 to 2022, the share of Canada increased by +3.2 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported chocolate bars with cereals, fruit or nuts in Northern America, comprising 78% of total imports. The second position in the ranking was taken by Canada ($X), with a 21% share of total imports.

In the United States, imports of chocolate bars with cereals, fruit or nuts expanded at an average annual rate of +5.5% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, increasing by 7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.5%. The most prominent rate of growth was recorded in 2014 when the import price increased by 19%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.2%).

Source: IndexBox Platform

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