Portugal: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Portugal

The Portuguese chocolate bar with filling market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Chocolate bar with filling consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Chocolate Bars With Fillings in Portugal

In value terms, chocolate bar with filling production contracted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 114% against the previous year. Chocolate bar with filling production peaked at $X in 2020, and then dropped modestly in the following year.

Exports of Chocolate Bars With Fillings

Exports from Portugal

In 2021, shipments abroad of chocolate bars with fillings decreased by -0.3% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 65% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chocolate bar with filling exports totaled $X in 2021. Over the period under review, total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +63.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 65% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons), Brazil (X tons) and the Netherlands (X tons) were the main destinations of chocolate bar with filling exports from Portugal, together comprising 52% of total exports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +97.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate bar with filling exported from Portugal were Spain ($X), Brazil ($X) and Angola ($X), with a combined 53% share of total exports.

Brazil, with a CAGR of +83.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, growing by 4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 15%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to France ($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 Saudi Arabia (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Portugal

In 2021, after two years of decline, there was growth in overseas purchases of chocolate bars with fillings, when their volume increased by 3% to X tons. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 14%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, chocolate bar with filling imports stood at $X in 2021. The total import value increased at an average annual rate of +4.5% 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 appeared the most rapid in 2013 with an increase of 17% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest chocolate bar with filling supplier to Portugal, accounting for a 44% share of total imports. Moreover, chocolate bar with filling imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+11.3% per year) and the Netherlands (-3.9% per year).

In value terms, Germany ($X) constituted the largest supplier of chocolate bars with fillings to Portugal, comprising 43% of total imports. The second position in the ranking was held by Spain ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+11.3% per year) and the Netherlands (-4.4% per year).

Import Prices by Country

In 2021, the average chocolate bar with filling import price amounted to $X per ton, surging by 3.4% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 8.7%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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