U.S.: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in the U.S.

In 2022, the U.S. market for candies, sweets, and nonchocolate confectionery increased by 2.7% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the market value increased by 8.3%. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Production of Candies, Sweets, and Nonchocolate Confectionery in the U.S.

In value terms, candy, sweets, and nonchocolate confectionery production reached $X in 2022. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 9.5%. Candy, sweets, and nonchocolate confectionery production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from the U.S.

In 2022, shipments abroad of candies, sweets, and nonchocolate confectionery increased by 6.6% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, candy, sweets, and nonchocolate confectionery exports surged to $X in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Canada (X tons) was the main destination for candy, sweets, and nonchocolate confectionery exports from the United States, accounting for a 59% share of total exports. Moreover, candy, sweets, and nonchocolate confectionery exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), fivefold. The third position in this ranking was taken by the UK (X tons), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.9% per year) and the UK (+6.0% per year).

In value terms, Canada ($X) remains the key foreign market for candies, sweets, and nonchocolate confectionery exports from the United States, comprising 54% of total exports. The second position in the ranking was taken by Mexico ($X), with an 11% share of total exports. It was followed by the UK, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+4.8% per year) and the UK (+8.9% per year).

Export Prices by Country

The average export price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, picking up by 9.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Saudi Arabia ($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 the Netherlands (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into the U.S.

Candy, sweets, and nonchocolate confectionery imports into the United States rose notably to X tons in 2022, increasing by 13% on 2021. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.8% against 2012 indices. The growth pace was the most rapid in 2021 when imports increased by 14%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, candy, sweets, and nonchocolate confectionery imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value 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, imports increased by +46.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) constituted the largest candy, sweets, and nonchocolate confectionery supplier to the United States, accounting for a 42% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-1.5% per year) and Germany (+17.8% per year).

In value terms, the largest candy, sweets, and nonchocolate confectionery suppliers to the United States were Mexico ($X), Canada ($X) and Germany ($X), together accounting for 65% of total imports. Turkey, Spain, China, Brazil and Colombia lagged somewhat behind, together comprising a further 19%.

Turkey, with a CAGR of +15.0%, saw the highest rates of growth with regard to 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

In 2022, the average import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, picking up by 9.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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