Northern America: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Northern America

In 2022, the North American market for candies, sweets, and nonchocolate confectionery increased by 2.1% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Production of Candies, Sweets, and Nonchocolate Confectionery in Northern America

In value terms, candy, sweets, and nonchocolate confectionery production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by 11%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports in Northern America

In 2022, overseas shipments of candies, sweets, and nonchocolate confectionery increased by 8% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from the United States (X tons) and Canada (X tons), together accounting for 99.9% of total export.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +1.7%).

In value terms, the largest candy, sweets, and nonchocolate confectionery supplying countries in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of +3.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.1%).

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports in Northern America

In 2022, candy, sweets, and nonchocolate confectionery imports in Northern America totaled X tons, surging by 11% on the year before. The total import volume increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, candy, sweets, and nonchocolate confectionery imports surged to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the key importer of candies, sweets, and nonchocolate confectionery in Northern America, with the volume of imports amounting to X tons, which was near 85% of total imports in 2022. It was distantly followed by Canada (X tons), mixing up a 15% share of total imports.

The United States was also the fastest-growing in terms of the candies, sweets, and nonchocolate confectionery imports, with a CAGR of +5.1% from 2012 to 2022. At the same time, Canada (+3.8%) displayed positive paces of growth. While the share of the United States (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-1.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported candies, sweets, and nonchocolate confectionery in Northern America, comprising 83% of total imports. The second position in the ranking was taken by Canada ($X), with a 16% share of total imports.

In the United States, candy, sweets, and nonchocolate confectionery imports expanded at an average annual rate of +6.4% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, picking up by 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :