Pakistan: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Pakistan

The Pakistani chocolate bar with filling market fell to $X in 2021, with a decrease of -14.6% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +20.5% against 2019 indices. Chocolate bar with filling consumption peaked at $X in 2020, and then contracted in the following year.

Production of Chocolate Bars With Fillings in Pakistan

In value terms, chocolate bar with filling production shrank to $X in 2021 estimated in export price. In general, the total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +20.6% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 54%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Chocolate Bars With Fillings

Exports from Pakistan

In 2021, approx. X tons of chocolate bars with fillings were exported from Pakistan; increasing by 56% compared with 2020 figures. Over the period under review, exports, however, showed a precipitous setback. The most prominent rate of growth was recorded in 2019 when exports increased by 190%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, chocolate bar with filling exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 120% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons) was the main destination for chocolate bar with filling exports from Pakistan, with a 30% share of total exports. Moreover, chocolate bar with filling exports to Kuwait exceeded the volume sent to the second major destination, Mauritania (X tons), twofold. The third position in this ranking was held by Oman (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Kuwait was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-9.0% per year) and Oman (-14.5% per year).

In value terms, Kuwait ($X) emerged as the key foreign market for chocolate bars with fillings exports from Pakistan, comprising 59% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total exports. It was followed by Chile, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to Kuwait was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Chile (-9.7% per year).

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, picking up by 38% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Mauritania ($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 Bolivia (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Pakistan

In 2021, chocolate bar with filling imports into Pakistan shrank rapidly to X tons, with a decrease of -49.1% against the previous year. Over the period under review, imports faced a sharp decrease. The most prominent rate of growth was recorded in 2014 with an increase of 69% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, chocolate bar with filling imports fell rapidly to $X in 2021. In general, imports saw a precipitous contraction. The growth pace was the most rapid in 2014 with an increase of 46% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Egypt (X tons) constituted the largest chocolate bar with filling supplier to Pakistan, with a 65% share of total imports. Moreover, chocolate bar with filling imports from Egypt exceeded the figures recorded by the second-largest supplier, Russia (X kg), fivefold. The third position in this ranking was taken by Switzerland (X kg), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-15.2% per year) and Switzerland (-36.5% per year).

In value terms, Egypt ($X) constituted the largest supplier of chocolate bars with fillings to Pakistan, comprising 68% of total imports. The second position in the ranking was taken by Russia ($X), with a 14% share of total imports. It was followed by Turkey, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Egypt stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-16.9% per year) and Turkey (-38.1% per year).

Import Prices by Country

In 2021, the average chocolate bar with filling import price amounted to $X per ton, shrinking by -33.7% against the previous year. In general, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 an increase of 65% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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