Southern Asia: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

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

The South Asian market for chocolate bars with cereals, fruit or nuts dropped modestly to $X in 2022, reducing by -1.9% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.5% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Southern Asia

In value terms, production of chocolate bars with cereals, fruit or nuts declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 51% against the previous year. The level of production peaked 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 Southern Asia

In 2022, exports of chocolate bars with cereals, fruit or nuts in Southern Asia reduced to X tons, dropping by -8% against 2021. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 292% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of chocolate bars with cereals, fruit or nuts rose to $X in 2022. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 529%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

India dominates nuts structure, recording X tons, which was approx. 94% of total exports in 2022. Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cereal, fruit or nut chocolate bar exports from India stood at +35.4%. At the same time, Bangladesh (+39.5%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +39.5% from 2012-2022. India (+81 p.p.) and Bangladesh (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest cereal, fruit or nut chocolate bar supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +44.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the period under review, the export price saw buoyant growth. The pace of growth was the most pronounced in 2018 when the export price increased by 60% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Bangladesh amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%).

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports in Southern Asia

In 2022, imports of chocolate bars with cereals, fruit or nuts in Southern Asia surged to X tons, jumping by 49% on 2021. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 52% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of chocolate bars with cereals, fruit or nuts skyrocketed to $X in 2022. Overall, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 58%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, India (X tons) was the major importer of chocolate bars with cereals, fruit or nuts, comprising 54% of total imports. Nepal (X tons) held the second position in the ranking, distantly followed by Pakistan (X tons), Maldives (X tons), Bangladesh (X tons) and Afghanistan (X tons). All these countries together held approx. 44% share of total imports.

Imports into India increased at an average annual rate of +12.7% from 2012 to 2022. At the same time, Pakistan (+49.2%), Nepal (+34.6%), Bangladesh (+10.5%) and Afghanistan (+7.3%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +49.2% from 2012-2022. By contrast, Maldives (-4.2%) illustrated a downward trend over the same period. While the share of Nepal (+17 p.p.), Pakistan (+7.4 p.p.) and India (+5.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Afghanistan (-2.3 p.p.) and Maldives (-23.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported chocolate bars with cereals, fruit or nuts in Southern Asia, comprising 56% of total imports. The second position in the ranking was taken by Nepal ($X), with a 24% share of total imports. It was followed by Maldives, with a 9.3% share.

In India, imports of chocolate bars with cereals, fruit or nuts expanded at an average annual rate of +21.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nepal (+36.5% per year) and Maldives (+0.6% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2014 an increase of 39% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained 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 Maldives ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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