Spain: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Spain

In 2022, the Spanish chocolate and confectionery market decreased by -18.3% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped sharply in the following year.

Chocolate And Confectionery Production in Spain

In value terms, chocolate and confectionery production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 7.8%. As a result, production attained the peak level of $X, and then declined modestly in the following year.

Chocolate And Confectionery Exports

Exports from Spain

Chocolate and confectionery exports from Spain expanded rapidly to X tons in 2022, picking up by 5.2% against 2021 figures. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +14.4% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 16%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, chocolate and confectionery exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X tons), Portugal (X tons) and Germany (X tons) were the main destinations of chocolate and confectionery exports from Spain, with a combined 36% share of total exports. Italy, Belgium, the United States, the UK, Morocco, the Netherlands, Russia, Poland, Egypt and Chile lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +12.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Portugal ($X) and Germany ($X) were the largest markets for chocolate and confectionery exported from Spain worldwide, with a combined 35% share of total exports. Italy, the UK, the United States, Belgium, Morocco, the Netherlands, Chile, Russia, Poland and Egypt lagged somewhat behind, together comprising a further 37%.

The Netherlands, with a CAGR of +10.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chocolate and confectionery export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price, however, showed a mild downturn. The pace of growth was the most pronounced in 2021 an increase of 13%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($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 Italy (+0.4%), while the prices for the other major destinations experienced a decline.

Chocolate And Confectionery Imports

Imports into Spain

In 2022, chocolate and confectionery imports into Spain declined to X tons, reducing by -3.1% compared with the previous year. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 13%. As a result, imports reached the peak of X tons, and then fell modestly in the following year.

In value terms, chocolate and confectionery imports contracted to $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Cote d'Ivoire (X tons), Germany (X tons) and France (X tons) were the main suppliers of chocolate and confectionery imports to Spain, together comprising 51% of total imports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +13.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery suppliers to Spain were Germany ($X), France ($X) and Italy ($X), with a combined 47% share of total imports. Cote d'Ivoire, the Netherlands, Belgium, Ghana and Indonesia lagged somewhat behind, together accounting for a further 36%.

Cote d'Ivoire, with a CAGR of +9.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chocolate and confectionery import price stood at $X per ton in 2022, surging by 2.4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 13%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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