Nonchocolate Confectionery Market Overview in the USA - Key Insights

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

The revenue of the nonchocolate confectionery market in the U.S. amounted to $X in 2017, 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 an average annual rate of +X% over the period from 2013 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016, with an increase of X% y-o-y. Over the period under review, the nonchocolate confectionery market reached its peak figure level in 2017, and is expected to retain its growth in the near future.

Nonchocolate Confectionery Production in the USA

In value terms, nonchocolate confectionery production stood at $X in 2017. The total output value increased an average annual rate of +X% from 2013 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. The pace of growth was the most pronounced in 2016, with an increase of X% against the previous year. The nonchocolate confectionery production peaked in 2017, and is likely to continue its growth in the near future.

Nonchocolate Confectionery Exports

Exports from the USA

Nonchocolate confectionery exports from the U.S. stood at X tonnes in 2017, reducing by -X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2013 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2015, with an increase of X% y-o-y. In that year, the nonchocolate confectionery exports reached their peak volume of X tonnes. From 2016 to 2017, growth of the nonchocolate confectionery exports failed to regain its momentum.

In value terms, nonchocolate confectionery exports amounted to $X (IndexBox estimates) in 2017. The total export value increased an average annual rate of +X% from 2013 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. In that year, the nonchocolate confectionery exports reached their peak level of $X. From 2016 to 2017, growth of the nonchocolate confectionery exports failed to regain its momentum.

Exports by Country

The United Arab Emirates (X tonnes) was the main destination of nonchocolate confectionery exports from the U.S., accounting for X% share of total exports. Moreover, nonchocolate confectionery exports to the United Arab Emirates exceeded the volume sent to the second major destination, Jamaica (X tonnes), twofold. The UK (X tonnes) ranked third in terms of total exports with a X% share.

From 2013 to 2017, the average annual growth rate of volume to the United Arab Emirates stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (+X% per year) and the UK (+X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for nonchocolate confectionery exports from the U.S., making up X% of total nonchocolate confectionery exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Jamaica, with a X% share.

From 2013 to 2017, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Jamaica (+X% per year).

Export Prices by Country

The average nonchocolate confectionery export price stood at $X per kg in 2017, therefore, remained relatively stable against the previous year. Overall, nonchocolate confectionery export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016, when the average export price increased by X% against the previous year. Over the period under review, the average export prices for nonchocolate confectionery reached its peak figure level of $X per kg in 2013; however, from 2014 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Costa Rica ($X per kg), while average price for exports to Peru ($X per kg) was amongst the lowest.

From 2013 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Singapore (+X% per year), the export prices for the other major destinations experienced more modest paces of growth.

Nonchocolate Confectionery Imports

Imports into the USA

In 2017, the amount of nonchocolate confectionery imported into the U.S. stood at X tonnes, picking up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2013 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2016, with an increase of X% year-to-year. Over the period under review, the nonchocolate confectionery imports attained its peak figure volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, nonchocolate confectionery imports stood at $X (IndexBox estimates) in 2017. The total import value increased an average annual rate of +X% over the period from 2013 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed over the period under review. In that year, the nonchocolate confectionery imports reached their peak level of $X, and then declined slightly in the following year.

Imports by Country

Germany (X tonnes), China (X tonnes) and Turkey (X tonnes) were the main suppliers of nonchocolate confectionery imports to the U.S., with a combined X% share of total imports.

From 2013 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Germany (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, largest nonchocolate confectionery suppliers to the U.S. were China ($X), Germany ($X) and Turkey ($X), together accounting for X% of total imports.

Germany (+X% per year) recorded the highest growth rate of imports, among the main suppliers over the last four years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nonchocolate confectionery import price stood at $X per kg in 2017, reducing by -X% against the previous year. In general, nonchocolate confectionery import price continues to indicate a significant slump. The most prominent rate of growth was recorded in 2015, an increase of -X% year-to-year. Over the period under review, the average import prices for nonchocolate confectionery reached its maximum level of $X per kg in 2013; however, from 2014 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Switzerland ($X per kg), while price for Argentina ($X per kg) was amongst the lowest.

From 2013 to 2017, the most notable rate of growth in terms of import prices was attained by Switzerland (+X% per year), the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Wm. Wrigley Jr., See's Candies, Just Born, Jelly Belly Candy Company, Ferrara Candy Company, Promotion In Motion, Tootsie Roll Industries, Ford Gum & Machine Company, Spangler Candy Company, Gertrude Hawk Chocolates, Signature Brands, Waymouth Farms, Minn-Dak Farmers Cooperative, Palmer & Company, American Licorice Company, Atkinson Candy, Morley Candy Makers, Anthony Thomas Candy Company, Seattle Gourmet Foods, Gum Link US Corporation, Doumak, Sees Candy Shops, Ce De Candy, Fannie May Confections Brands.

Source: IndexBox Platform