Norway: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Norway

The Norwegian chocolate bar with filling market surged to $X in 2021, with an increase of 54% against the previous year. Overall, consumption recorded strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Chocolate Bars With Fillings in Norway

In value terms, chocolate bar with filling production surged to $X in 2021 estimated in export price. In general, production saw a significant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Chocolate Bars With Fillings

Exports from Norway

In 2021, approx. X tons of chocolate bars with fillings were exported from Norway; picking up by 35% against the previous year's figure. Over the period under review, exports, however, continue to indicate a slight contraction. The pace of growth was the most pronounced in 2018 when exports increased by 109% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, chocolate bar with filling exports expanded remarkably to $X in 2021. In general, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 133% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for chocolate bar with filling exports from Norway, with a 59% share of total exports. Moreover, chocolate bar with filling exports to Sweden exceeded the volume sent to the second major destination, France (X tons), sixfold. Estonia (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+94.7% per year) and Estonia (-16.4% per year).

In value terms, Sweden ($X) remains the key foreign market for chocolate bars with fillings exports from Norway, comprising 62% of total exports. The second position in the ranking was taken by Estonia ($X), with an 8.5% share of total exports. It was followed by Denmark, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-9.7% per year) and Denmark (+0.8% per year).

Export Prices by Country

In 2021, the average chocolate bar with filling export price amounted to $X per ton, falling by -19.1% against the previous year. Over the period under review, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 19%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Norway

For the third consecutive year, Norway recorded growth in purchases abroad of chocolate bars with fillings, which increased by 1.4% to X tons in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 26%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, chocolate bar with filling imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 27% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

The Netherlands (X tons), Lithuania (X tons) and Germany (X tons) were the main suppliers of chocolate bar with filling imports to Norway, together comprising 56% of total imports. Poland, Sweden, Italy, Austria, Denmark, Belgium and the UK lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +74.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Poland ($X) were the largest chocolate bar with filling suppliers to Norway, with a combined 63% share of total imports.

Among the main suppliers, Poland, with a CAGR of +70.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average chocolate bar with filling import price amounted to $X per ton, rising by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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