Thailand: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Thailand

The Thai chocolate bar with filling market shrank to $X in 2021, with a decrease of -8.9% against the previous year. In general, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.6% against 2015 indices. Chocolate bar with filling consumption peaked at $X in 2020, and then contracted in the following year.

Production of Chocolate Bars With Fillings in Thailand

In value terms, chocolate bar with filling production fell to $X in 2021 estimated in export price. Overall, production, however, saw measured growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 55%. Chocolate bar with filling production peaked at $X in 2020, and then fell in the following year.

Exports of Chocolate Bars With Fillings

Exports from Thailand

In 2021, overseas shipments of chocolate bars with fillings decreased by -86.1% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 4,548% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, chocolate bar with filling exports shrank notably to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 4,572% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Australia (X tons) and Malaysia (X tons) were the main destinations of chocolate bar with filling exports from Thailand, together comprising 67% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +167.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for chocolate bars with fillings exports from Thailand, comprising 37% of total exports. The second position in the ranking was held by the UK ($X), with a 16% share of total exports. It was followed by Australia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +70.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+97.9% per year) and Australia (+9.0% per year).

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, which is down by -3.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Thailand

In 2021, supplies from abroad of chocolate bars with fillings was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a noticeable descent. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, chocolate bar with filling imports totaled $X in 2021. Over the period under review, imports, however, saw a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 20% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Italy (X tons) and Malaysia (X tons) were the main suppliers of chocolate bar with filling imports to Thailand, together accounting for 54% of total imports. These countries were followed by Mexico, Chile, Turkey, Switzerland and Argentina, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +537.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling suppliers to Thailand were Italy ($X), Malaysia ($X) and China ($X), together comprising 67% of total imports. These countries were followed by Chile, Mexico, Switzerland, Turkey and Argentina, which together accounted for a further 21%.

Chile, with a CAGR of +392.5%, recorded the highest growth rate of the value of imports, among 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 bar with filling import price stood at $X per ton in 2021, reducing by -17.7% against the previous year. Overall, the import price saw a slight decline. The most prominent rate of growth was recorded in 2020 an increase of 35%. As a result, import price reached the peak level of $X per ton, and then fell remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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