South-Eastern Asia: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in South-Eastern Asia

The Southeast Asian chocolate and confectionery market totaled $X in 2022, approximately reflecting the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Chocolate And Confectionery Production in South-Eastern Asia

In value terms, chocolate and confectionery production declined to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 8.8%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Chocolate And Confectionery Exports

Exports in South-Eastern Asia

After four years of growth, overseas shipments of chocolate and confectionery decreased by -8.9% to X tons in 2022. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 8.4%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, chocolate and confectionery exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 24%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Indonesia (X tons) and Malaysia (X tons) represented roughly 73% of total exports in 2022. It was distantly followed by Singapore (X tons), constituting a 23% share of total exports. Thailand (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +4.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery supplying countries in South-Eastern Asia were Malaysia ($X), Indonesia ($X) and Singapore ($X), with a combined 97% share of total exports.

Indonesia, with a CAGR of +6.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2014 an increase of 18% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.7%), while the other leaders experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of chocolate and confectionery were imported in South-Eastern Asia; shrinking by -6.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 14% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, chocolate and confectionery imports stood at $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of chocolate and confectionery imports in 2022 were the Philippines (X tons), Singapore (X tons), Thailand (X tons), Indonesia (X tons) and Malaysia (X tons), together resulting at 95% of total import. Vietnam (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +12.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the Philippines ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 67% of total imports.

The Philippines, with a CAGR of +14.1%, saw the highest growth rate of the value of imports, among 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 South-Eastern Asia stood at $X per ton in 2022, with an increase of 16% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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