Chocolate and Confectionery Market in the USA - Key Insights

IndexBox has just published a new report, the U.S. Chocolate And Confectionery Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the chocolate and confectionery market in the U.S. amounted to $X in 2018, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2014, when the market value increased by X% against the previous year. In that year, the chocolate and confectionery market reached its peak level of $X. From 2015 to 2018, the growth of the chocolate and confectionery market remained at a somewhat lower figure.

Chocolate And Confectionery Production in the USA

In value terms, chocolate and confectionery production totaled $X in 2018. The total output value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014, when it surged by X% against the previous year.

Chocolate And Confectionery Exports

Exports from the USA

In 2018, chocolate and confectionery exports from the U.S. amounted to X tons, picking up by X% against the previous year. In general, chocolate and confectionery exports continue to indicate an abrupt setback.

In value terms, chocolate and confectionery exports stood at $X (IndexBox estimates) in 2018.

Exports by Country

Russia (X tons), Brazil (X tons) and South Korea (X tons) were the main destinations of chocolate and confectionery exports from the U.S., together comprising X% of total exports. These countries were followed by Bulgaria, Colombia, Japan, Guatemala, the Philippines, Vietnam, China, Hong Kong SAR, China and the Dominican Republic, which together accounted for a further X%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for chocolate and confectionery exports from the U.S., comprising X% of total chocolate and confectionery exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by China, Hong Kong SAR, with a X% share.

Export Prices by Country

In 2018, the average chocolate and confectionery export price amounted to $X per kg, going down by -X% against the previous year. In general, the chocolate and confectionery export price continues to indicate a measured setback.

There were significant differences in the average export prices for the major foreign markets. In 2018, the country with the highest export price was China, Hong Kong SAR ($X per kg), while the average price for exports to Bulgaria ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to the Dominican Republic (+X% per year), while the export prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into the USA

In 2018, the amount of chocolate and confectionery imported into the U.S. stood at X tons, waning by -X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016, with an increase of X% year-to-year. Over the period under review, chocolate and confectionery imports reached their maximum at X tons in 2017, and then declined slightly in the following year.

In value terms, chocolate and confectionery imports stood at $X (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations over the period under review. Over the period under review, chocolate and confectionery imports attained their maximum at $X in 2016; however, from 2017 to 2018, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), the Netherlands (X tons) and Cote d'Ivoire (X tons) were the main suppliers of chocolate and confectionery imports to the U.S., with a combined X% share of total imports. Malaysia, Ghana, Belgium, Germany, Spain, Brazil, France, Cameroon and India lagged somewhat behind, together comprising a further X%.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of chocolate and confectionery to the U.S., comprising X% of total chocolate and confectionery imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

Import Prices by Country

The average chocolate and confectionery import price stood at $X per kg in 2018, increasing by X% against the previous year. In general, the chocolate and confectionery import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was India ($X per kg), while the price for Cameroon ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by India (+X% per year), while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Hershey Company, Barry Callebaut USA, Godiva Chocolatier, Guittard Chocolate Co., The Warrell Corporation, World's Finest Chocolate, Astor Chocolate Corp., Champlain Chocolate Company, Elmer Candy Corporation, Madelaine Chocolate Novelties, Mars Retail Group, Sweetworks, Frankford Candy, Lake Country Foods, Trufood Mfg., T R Toppers, Totally Chocolate, Rocky Mountain Chocolate Factory, Hawaiian Host, Blommer Chocolate Company of California, London Harry Candies, Cargill Cocoa & Chocolate, Fantasy Chocolates, Lindt & Sprungli (usa), Karl Bissinger, Rocky Mountain Chocolate Factory

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Source: IndexBox Market Intelligence Platform