U.S. - Chocolate And Confectionery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChocolate and Confectionery Price in the United States - 2023
Contents:
- Chocolate and Confectionery Price in the United States (CIF) - 2023
- Chocolate and Confectionery Price in the United States (FOB) - 2023
- Chocolate and Confectionery Imports in the United States
- Chocolate and Confectionery Exports in the United States
Chocolate and Confectionery Price in the United States (CIF) - 2023
The average chocolate and confectionery import price stood at $5,333 per ton in August 2023, increasing by 3.2% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in September 2022 an increase of 6.4% month-to-month. The import price peaked in August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Belgium ($8,085 per ton), while the price for Cote d'Ivoire ($3,591 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Chocolate and Confectionery Price in the United States (FOB) - 2023
The average chocolate and confectionery export price stood at $5,365 per ton in August 2023, approximately mirroring the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 5.2% m-o-m. The export price peaked at $5,388 per ton in July 2023, and then declined slightly in the following month.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was South Korea ($7,582 per ton), while the average price for exports to Mexico ($4,343 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Chocolate and Confectionery Imports in the United States
In 2022, the amount of chocolate and confectionery imported into the United States rose remarkably to 1.2M tons, growing by 10% compared with the previous year. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, chocolate and confectionery imports surged to $5.2B in 2022. The total import value increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chocolate and Confectionery in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,526 | 1,544 | 1,688 | 1,933 | 8.2% |
| Mexico | 577 | 553 | 523 | 625 | 2.7% |
| Cote d'Ivoire | 179 | 266 | 254 | 326 | 22.1% |
| Netherlands | 188 | 170 | 216 | 266 | 12.3% |
| Malaysia | 204 | 206 | 171 | 230 | 4.1% |
| Indonesia | 327 | 258 | 230 | 197 | -15.5% |
| Germany | 158 | 149 | 171 | 187 | 5.8% |
| Belgium | 159 | 129 | 162 | 184 | 5.0% |
| Ghana | 52.9 | 56.3 | 84.0 | 134 | 36.3% |
| Others | 825 | 734 | 887 | 1,102 | 10.1% |
| Total | 4,196 | 4,065 | 4,387 | 5,183 | 7.3% |
Top Suppliers of Chocolate and Confectionery to the United States in 2022:
- Canada (419.4K tons)
- Mexico (199.4K tons)
- Cote d'Ivoire (98.9K tons)
- Netherlands (68.9K tons)
- Malaysia (55.3K tons)
- Indonesia (47.3K tons)
- Ghana (41.3K tons)
- Germany (32.6K tons)
- Belgium (26.7K tons)
Chocolate and Confectionery Exports in the United States
Chocolate and confectionery exports from the United States rose modestly to 397K tons in 2022, picking up by 2.1% compared with the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 12%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, chocolate and confectionery exports rose slightly to $2B in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Chocolate and Confectionery in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 808 | 830 | 887 | 935 | 5.0% |
| Mexico | 247 | 203 | 283 | 279 | 4.1% |
| South Korea | 72.6 | 66.2 | 69.8 | 63.3 | -4.5% |
| Philippines | 46.3 | 35.0 | 36.6 | 47.7 | 1.0% |
| Australia | 41.7 | 38.1 | 40.1 | 44.7 | 2.3% |
| United Kingdom | 44.0 | 35.9 | 33.4 | 41.4 | -2.0% |
| Others | 633 | 441 | 601 | 607 | -1.4% |
| Total | 1,893 | 1,649 | 1,951 | 2,018 | 2.2% |
Top Export Markets for Chocolate and Confectionery from the United States in 2022:
- Canada (207.6K tons)
- Mexico (67.7K tons)
- South Korea (10.5K tons)
- Philippines (7.7K tons)
- Australia (6.8K tons)
- United Kingdom (6.1K tons)
This report provides an in-depth analysis of the chocolate and confectionery market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)
- Prodcom 10821200 - Cocoa butter, fat and oil
- Prodcom 10821300 - Cocoa powder, not containing added sugar or other sweetening matter
- Prodcom 10821400 - Cocoa powder, containing added sugar or other sweetening matter
- Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
- Prodcom 10822150 - Chocolate milk crumb containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822170 - Chocolate flavour coating containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822190 - Food preparations containing <18 % of cocoa butter and in packings weighing > 2 kg (excluding chocolate flavour coating, chocolate milk crumb)
- Prodcom 10822233 - Filled chocolate blocks, slabs or bars consisting of a centre (including of cream, liqueur or fruit paste, excluding chocolate biscuits)
- Prodcom 10822235 - Chocolate blocks, slabs or bars with added cereal, fruit or nuts (excluding filled, chocolate biscuits)
- Prodcom 10822239 - Chocolate blocks, slabs or bars (excluding filled, with added cereal, fruit or nuts, chocolate biscuits)
- Prodcom 10822243 - Chocolates (including pralines) containing alcohol (excluding in blocks, slabs or bars)
- Prodcom 10822245 - Chocolates (excluding those containing alcohol, in blocks, s labs or bars)
- Prodcom 10822253 - Filled chocolate confectionery (excluding in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822255 - Chocolate confectionery (excluding filled, in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822260 - Sugar confectionery and substitutes therefor made from sugar substitution products, containing cocoa (including chocolate nougat) (excluding white chocolate)
- Prodcom 10822270 - Chocolate spreads
- Prodcom 10822280 - Preparations containing cocoa for making beverages
- Prodcom 10822290 - Food products with cocoa (excluding cocoa paste, butter, p owder, blocks, slabs, bars, liquid, paste, powder, granular, o ther bulk form in packings > 2 kg, to make beverages, c hocolate spreads)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, chocolate and confectionery imports contracted to $430M in April 2023.
254
In February 2023, the price of chocolate stayed the same at $5,159 per ton (CIF, US) compared with the month prior.
676
In September 2022, the chocolate price amounted to $5,372 per ton (CIF, US), increasing by 7.5% against the previous month.
309
In terms of value, chocolate imports decreased to $72 million in June 2023.
68
During the review period, imports of Chocolate Bar With Filling peaked in 2023 and are projected to continue growing. The value of these imports surged to $554M in 2023.
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In May 2023, the price of the Chocolate Bar With Filling stood at $8,465 per ton (CIF, US), maintaining a steady level compared to the previous month.
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In June 2023, the price of Cereal, Fruit or Nut Chocolate Bar was $6,863 per ton (CIF, US), showing a decrease of -3.1% compared to the previous month.
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In July 2022, the confectionery price per ton amounted to $3,957, surging by 5% against the previous month.
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