United Kingdom: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in the UK

The UK chocolate and confectionery market expanded markedly to $X in 2022, picking up by 6.7% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Chocolate and confectionery consumption peaked in 2022 and is likely to see gradual growth in the near future.

Chocolate And Confectionery Production in the UK

In value terms, chocolate and confectionery production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 7.4%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Chocolate And Confectionery Exports

Exports from the UK

In 2022, overseas shipments of chocolate and confectionery increased by 2.9% to X tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when exports increased by 7.2% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, chocolate and confectionery exports shrank to $X in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 9.6%. Over the period under review, the exports attained the peak figure at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Ireland (X tons), the Netherlands (X tons) and Poland (X tons) were the main destinations of chocolate and confectionery exports from the UK, with a combined 48% share of total exports. Saudi Arabia, Belgium, the United Arab Emirates, Canada, France, Germany, the United States, Israel, Australia and Spain lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +35.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the Netherlands ($X) and Saudi Arabia ($X) were the largest markets for chocolate and confectionery exported from the UK worldwide, with a combined 45% share of total exports. Poland, the United States, Canada, Belgium, the United Arab Emirates, Germany, France, Australia, Israel and Spain lagged somewhat behind, together accounting for a further 33%.

Israel, with a CAGR of +33.8%, 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

In 2022, the average chocolate and confectionery export price amounted to $X per ton, waning by -4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($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 the United States (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into the UK

Chocolate and confectionery imports into the UK rose significantly to X tons in 2022, picking up by 14% on the previous year. The total import volume increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chocolate and confectionery imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of chocolate and confectionery imports to the UK, together accounting for 49% of total imports. France, Belgium, Ireland and Italy lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +14.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery suppliers to the UK were Germany ($X), the Netherlands ($X) and Poland ($X), together accounting for 46% of total imports. France, Belgium, Italy and Ireland lagged somewhat behind, together comprising a further 36%.

Italy, with a CAGR of +11.8%, saw 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

In 2022, the average chocolate and confectionery import price amounted to $X per ton, with a decrease of -2.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 16%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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