South-Eastern Asia: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in South-Eastern Asia

The Southeast Asian market for chocolate bars with cereals, fruit or nuts contracted modestly to $X in 2022, shrinking by -2.5% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Chocolate Bars with Cereals, Fruit or Nuts in South-Eastern Asia

In value terms, production of chocolate bars with cereals, fruit or nuts declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 14% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports in South-Eastern Asia

Exports of chocolate bars with cereals, fruit or nuts amounted to X tons in 2022, growing by 2.8% compared with 2021 figures. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.7% against 2014 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 30% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, exports of chocolate bars with cereals, fruit or nuts expanded slightly to $X in 2022. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 31%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Singapore (X tons), Malaysia (X tons) and Thailand (X tons) represented roughly 93% of total exports in 2022. It was distantly followed by Vietnam (X tons), making up a 5.5% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +22.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, with a combined 94% share of total exports. These countries were followed by Vietnam, which accounted for a further 4.2%.

Vietnam, with a CAGR of +19.0%, recorded the highest growth rate of the value of exports, in terms of 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 2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports in South-Eastern Asia

In 2022, supplies from abroad of chocolate bars with cereals, fruit or nuts increased by 10% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 61%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of chocolate bars with cereals, fruit or nuts soared to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

The countries with the highest levels of imports of chocolate bars with cereals, fruit or nuts in 2022 were Thailand (X tons), the Philippines (X tons), Malaysia (X tons) and Singapore (X tons), together amounting to 86% of total import. It was distantly followed by Indonesia (X tons), achieving a 6.5% share of total imports. Vietnam (X tons) and Lao People's Democratic Republic (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the Philippines ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 73% of total imports.

The Philippines, with a CAGR of +31.5%, 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 South-Eastern Asia stood at $X per ton in 2022, rising by 6.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2015 when the import price increased by 16%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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