Russian Federation: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in the Russian Federation

The Russian chocolate bar with filling market rose rapidly to $X in 2021, increasing by 14% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Chocolate Bars With Fillings in the Russian Federation

In value terms, chocolate bar with filling production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. Chocolate bar with filling production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Chocolate Bars With Fillings

Exports from the Russian Federation

Chocolate bar with filling exports from Russia amounted to X tons in 2021, growing by 15% compared with the year before. In general, total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.3% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by 22% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, chocolate bar with filling exports surged to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Kazakhstan (X tons) and Saudi Arabia (X tons) were the main destinations of chocolate bar with filling exports from Russia, with a combined 47% share of total exports. These countries were followed by Uzbekistan, Belarus, Iraq, Azerbaijan, the Netherlands, Georgia, Armenia, Kyrgyzstan, Ukraine and Libya, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +250.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Kazakhstan ($X) and Uzbekistan ($X) constituted the largest markets for chocolate bar with filling exported from Russia worldwide, together accounting for 45% of total exports. Saudi Arabia, Belarus, Azerbaijan, Armenia, Kyrgyzstan, Iraq, Ukraine, Georgia, the Netherlands and Libya lagged somewhat behind, together accounting for a further 41%.

Among the main countries of destination, Iraq, with a CAGR of +223.8%, saw the highest rates of growth with regard to the value of exports, 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, with an increase of 1.8% against the previous year. In general, the export price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2015 when the average export price increased by 8%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Libya ($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 Ukraine (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chocolate Bars With Fillings

Imports into the Russian Federation

In 2021, chocolate bar with filling imports into Russia soared to X tons, growing by 36% compared with 2020 figures. Over the period under review, imports recorded a resilient increase. The growth pace was the most rapid in 2017 with an increase of 48%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, chocolate bar with filling imports soared to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 49%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Belarus (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of chocolate bar with filling imports to Russia, together comprising 70% of total imports. Poland, Bulgaria, Hungary, Slovakia, Italy and the Netherlands lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +455.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Germany ($X) and Austria ($X) were the largest chocolate bar with filling suppliers to Russia, with a combined 67% share of total imports. Poland, Bulgaria, Hungary, Slovakia, Italy and the Netherlands lagged somewhat behind, together accounting for a further 27%.

Hungary, with a CAGR of +399.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chocolate bar with filling import price stood at $X per ton in 2021, waning by -1.8% against the previous year. Overall, the import price saw a perceptible slump. The pace of growth was the most pronounced in 2014 an increase of 11%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 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 the Netherlands ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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