Singapore: Market for Chocolate Bars with Cereals, Fruit or Nuts 2025

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Singapore

The Singaporean market for chocolate bars with cereals, fruit or nuts contracted sharply to $X in 2022, waning by -23.9% against the previous year. In general, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2021, and then reduced markedly in the following year.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Singapore

In value terms, production of chocolate bars with cereals, fruit or nuts expanded slightly to $X in 2022 estimated in export price. Over the period under review, production posted prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 137%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Singapore

In 2022, overseas shipments of chocolate bars with cereals, fruit or nuts increased by 22% to X tons, rising for the fourth year in a row after four years of decline. In general, exports recorded a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 124%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of chocolate bars with cereals, fruit or nuts expanded remarkably to $X in 2022. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 102%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Australia (X tons), Japan (X tons) and the United Arab Emirates (X tons) were the main destinations of exports of chocolate bars with cereals, fruit or nuts from Singapore, together comprising 88% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +65.6%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for chocolate bars with cereals, fruit or nuts exports from Singapore, comprising 57% of total exports. The second position in the ranking was taken by Japan ($X), with a 15% share of total exports. It was followed by the United Arab Emirates, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to +59.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.1% per year) and the United Arab Emirates (+45.9% per year).

Export Prices by Country

In 2022, the average export price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, with a decrease of -6.9% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for chocolate bars with cereals, fruit or nuts decreased by -27.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 31%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+3.2%), while the prices for the other major destinations experienced a decline.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Singapore

In 2022, overseas purchases of chocolate bars with cereals, fruit or nuts increased by 3.9% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 31% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of chocolate bars with cereals, fruit or nuts rose modestly to $X in 2022. Overall, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 22%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Malaysia (X tons) and Switzerland (X tons) were the main suppliers of imports of chocolate bars with cereals, fruit or nuts to Singapore, with a combined 73% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +13.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest cereal, fruit or nut chocolate bar suppliers to Singapore were the Netherlands ($X), Switzerland ($X) and Malaysia ($X), with a combined 60% share of total imports. Germany, Australia, France, the UK, Italy and the United States lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, France, with a CAGR of +10.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2015 an increase of 34% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, 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 France ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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