Scandinavia: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Scandinavia

The Scandinavia chocolate bar with filling market skyrocketed to $X in 2021, jumping by 16% against the previous year. The market value increased at an average annual rate of +4.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Chocolate Bars With Fillings in Scandinavia

In value terms, chocolate bar with filling production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 18% against the previous year. Over the period under review, production reached the peak level in 2021 and is likely to continue growth in the immediate term.

Exports of Chocolate Bars With Fillings

Exports in Scandinavia

In 2021, overseas shipments of chocolate bars with fillings decreased by -1.4% to X tons for the first time since 2015, thus ending a five-year rising trend. Total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.6% 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 +71.2% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then dropped slightly in the following year.

In value terms, chocolate bar with filling exports skyrocketed to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 +105.8% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 34%. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

In 2021, Sweden (X tons) was the major exporter of chocolate bars with fillings, comprising 67% of total exports. Denmark (X tons) held a 25% share (based on physical terms) of total exports, which put it in second place, followed by Finland (7.4%).

Sweden was also the fastest-growing in terms of the chocolate bars with fillings exports, with a CAGR of +6.2% from 2012 to 2021. Denmark experienced a relatively flat trend pattern. Finland (-1.5%) illustrated a downward trend over the same period. While the share of Sweden (+13 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Finland (-4.3 p.p.) and Denmark (-8.7 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest chocolate bar with filling supplier in Scandinavia, comprising 66% of total exports. The second position in the ranking was taken by Denmark ($X), with a 27% share of total exports.

In Sweden, chocolate bar with filling exports expanded at an average annual rate of +13.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Denmark (+1.2% per year) and Finland (-1.0% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, with an increase of 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+6.9%), while the other leaders experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports in Scandinavia

In 2021, chocolate bar with filling imports in Scandinavia stood at X tons, approximately mirroring the year before. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 21%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, chocolate bar with filling imports rose markedly to $X in 2021. Total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +54.0% against 2015 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 32%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

Sweden represented the main importing country with an import of about X tons, which reached 45% of total imports. Denmark (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Finland (15%) and Norway (13%). Iceland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iceland (with a CAGR of +11.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), with a combined 83% share of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 17%.

Iceland, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, with an increase of 7.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2017 when the import price increased by 9.2% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform