Cream-Filled Chocolate Bar Market in the EU - Key Insights

IndexBox has just published a new report, the EU - Chocolate Bars With Fillings - Market Analysis, Forecast, Size, Trends And Insights. Here is a summary of the report's key findings.

The revenue of the cream-filled chocolate bar market in the European Union amounted to $1.2B in 2017, picking up by 20% 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). Over the period under review, cream-filled chocolate bar consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, when it surged by 20% y-o-y. The level of cream-filled chocolate bar consumption peaked at $1.6B in 2009; however, from 2010 to 2017, consumption stood at a somewhat lower figure.

Production in the EU

In 2017, production of chocolate bars with fillings in the European Union totaled 372K tonnes, approximately mirroring the previous year. Over the last decade, cream-filled chocolate bar production continues to indicate a relatively flat trend pattern.

Exports in the EU

The exports amounted to 627K tonnes in 2017, picking up by 1.6% against the previous year. The total exports indicated a notable increase from 2007 to 2017: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, the cream-filled chocolate bar exports increased by +63.9% against 2009 indices.

In value terms, cream-filled chocolate bar exports totaled $3.2B (IndexBox estimates) in 2017.

Exports by Country

In 2017, Germany (193K tonnes) and the Netherlands (189K tonnes) were the key exporters of chocolate bars with fillings in the globe, together amounting to near 61% of total exports. It was distantly followed by Austria (41K tonnes), creating 6.5% share of total exports. The following exporters - Poland (27K tonnes), Belgium (22K tonnes), the UK (20K tonnes), Italy (18K tonnes), Spain (18K tonnes), France (16K tonnes), the Czech Republic (11K tonnes), Hungary (10K tonnes) and Sweden (10K tonnes) together made up 24% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Hungary, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($1.2B), the Netherlands ($801M) and Austria ($154M) were the countries with the highest levels of exports in 2017, with a combined 66% share of total exports. These countries were followed by Italy, Belgium, Poland, the UK, France, Spain, Sweden, the Czech Republic and Hungary, which together accounted for a further 26%.

Export Prices by Country

The cream-filled chocolate bar export price in the European Union stood at $5.1 per kg in 2017, picking up by 4.4% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +1.5%.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Italy ($7,964 per tonne), while Austria ($3,780 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by France, while the other leaders experienced more modest paces of growth.

Imports in the EU

The imports amounted to 525K tonnes in 2017, increasing by 8.6% against the previous year. The total imports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, the cream-filled chocolate bar imports increased by +63.2% against 2009 indices.

In value terms, cream-filled chocolate bar imports stood at $2.4B (IndexBox estimates) in 2017.

Imports by Country

In 2017, the UK (92K tonnes), Germany (80K tonnes), France (56K tonnes), Poland (38K tonnes) and the Netherlands (38K tonnes) were the major importers of chocolate bars with fillings in the European Union, making up 58% of total import. Belgium (21K tonnes), Italy (18K tonnes), Sweden (18K tonnes), Romania (18K tonnes), Austria (18K tonnes), Denmark (16K tonnes) and the Czech Republic (15K tonnes) held a relatively small share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($348M), the UK ($342M) and France ($287M) constituted the countries with the highest levels of imports in 2017, together accounting for 41% of total imports. These countries were followed by the Netherlands, Poland, Italy, Sweden, Belgium, Austria, Denmark, Romania and the Czech Republic, which together accounted for a further 40%.

Import Prices by Country

In 2017, the cream-filled chocolate bar import price in the European Union amounted to $4.6 per kg, picking up by 2.7% against the previous year. In general, the cream-filled chocolate bar import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when it surged by 14% against the previous year. In that year, the import prices for chocolate bars with fillings reached their peak level of $5 per kg. From 2009 to 2017, the growth in terms of the import prices for chocolate bars with fillings remained at a somewhat lower figure.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Italy ($5,845 per tonne), while the UK ($3,717 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform