Ukraine: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Ukraine

In 2022, after six years of growth, there was significant decline in the Ukrainian chocolate and confectionery market, when its value decreased by -11.6% to $X. Over the period under review, consumption, however, showed buoyant growth. Chocolate and confectionery consumption peaked at $X in 2021, and then contracted in the following year.

Chocolate And Confectionery Production in Ukraine

In value terms, chocolate and confectionery production reduced modestly to $X in 2022 estimated in export price. Overall, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 17%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Chocolate And Confectionery Exports

Exports from Ukraine

Chocolate and confectionery exports from Ukraine declined rapidly to X tons in 2022, shrinking by -34.7% compared with 2021. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 6.9% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, chocolate and confectionery exports fell markedly to $X in 2022. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 13%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons), Bulgaria (X tons) and Georgia (X tons) were the main destinations of chocolate and confectionery exports from Ukraine, with a combined 28% share of total exports. Moldova, Kazakhstan, Azerbaijan, Uzbekistan, Lithuania, Turkey, Hungary, Latvia, Yemen and Poland lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +125.2%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Bulgaria ($X) and Kazakhstan ($X) appeared to be the largest markets for chocolate and confectionery exported from Ukraine worldwide, together comprising 28% of total exports. Georgia, Moldova, Uzbekistan, Azerbaijan, Hungary, Poland, Lithuania, Turkey, Yemen and Latvia lagged somewhat behind, together accounting for a further 42%.

Poland, with a CAGR of +128.5%, recorded the highest growth rate of the value of exports, among 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

The average chocolate and confectionery export price stood at $X per ton in 2022, surging by 1.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 6.3% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Latvia ($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 Uzbekistan (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Ukraine

In 2022, purchases abroad of chocolate and confectionery decreased by -32% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2018 with an increase of 31% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, chocolate and confectionery imports shrank markedly to $X in 2022. In general, imports showed a pronounced reduction. The pace of growth was the most pronounced in 2018 when imports increased by 35%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Cote d'Ivoire (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of chocolate and confectionery imports to Ukraine, with a combined 56% share of total imports. The Netherlands, Austria, Bulgaria, Indonesia, Ghana, Singapore, the Czech Republic, Belgium, Italy and Hungary lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +247.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Poland ($X) and Germany ($X) appeared to be the largest chocolate and confectionery suppliers to Ukraine, with a combined 54% share of total imports. The Netherlands, Indonesia, Austria, Bulgaria, Singapore, Belgium, the Czech Republic, Italy, Ghana and Hungary lagged somewhat behind, together comprising a further 38%.

Among the main suppliers, Bulgaria, with a CAGR of +207.0%, saw the highest growth rate of the value of imports, 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, reducing by -9.1% against the previous year. Overall, the import price recorded a slight decline. The pace of growth appeared the most rapid in 2016 an increase of 9.9%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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