United Kingdom - Chocolate And Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChocolate Price in the UK - 2023
Contents:
- Chocolate Price in the UK (CIF) - 2023
- Chocolate Price in the UK (FOB) - 2023
- Chocolate Imports in the UK
- Chocolate Exports in the UK
Chocolate Price in the UK (CIF) - 2023
In June 2023, the average chocolate import price amounted to $4,231 per ton, picking up by 1.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in November 2022 an increase of 30% against the previous month. The import price peaked at $5,038 per ton in February 2023; however, from March 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Poland ($5,464 per ton), while the price for the Netherlands ($3,628 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Chocolate Price in the UK (FOB) - 2023
The average chocolate export price stood at $4,187 per ton in June 2023, falling by -24.3% against the previous month. Over the period under review, export price indicated a perceptible expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, chocolate export price increased by +18.8% against February 2023 indices. The most prominent rate of growth was recorded in May 2023 an increase of 37% month-to-month. As a result, the export price attained the peak level of $5,529 per ton, and then shrank remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($9,993 per ton), while the average price for exports to Lithuania ($3,674 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Chocolate Imports in the UK
In 2022, supplies from abroad of chocolate and other food preparations containing cocoa decreased by -12.9% to 76K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year. As a result, imports reached the peak of 87K tons, and then declined in the following year.
In value terms, chocolate imports shrank to $258M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 12% against the previous year. As a result, imports reached the peak of $275M, and then declined in the following year.
| Import of Chocolate in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 153 | 127 | 152 | 119 | -8.0% |
| Germany | 10.6 | 9.1 | 18.9 | 33.5 | 46.8% |
| France | 30.2 | 27.8 | 30.3 | 27.0 | -3.7% |
| Ireland | 17.5 | 43.6 | 32.7 | 22.5 | 8.7% |
| Italy | 7.6 | 10.7 | 11.6 | 18.5 | 34.5% |
| Netherlands | 13.0 | 8.0 | 12.5 | 15.3 | 5.6% |
| Poland | 7.5 | 12.0 | 3.3 | 7.9 | 1.7% |
| Others | 7.8 | 7.6 | 13.2 | 14.0 | 21.5% |
| Total | 247 | 246 | 275 | 258 | 1.5% |
Top Suppliers of Chocolate to the UK in 2022:
- Belgium (32.1K tons)
- Germany (11.9K tons)
- Ireland (9.1K tons)
- France (7.8K tons)
- Netherlands (4.7K tons)
- Italy (4.7K tons)
- Poland (2.4K tons)
Chocolate Exports in the UK
In 2022, shipments abroad of chocolate and other food preparations containing cocoa decreased by -14% to 32K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 6.9% against the previous year. As a result, the exports attained the peak of 47K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, chocolate exports dropped to $104M in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 13%. As a result, the exports attained the peak of $140M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Chocolate in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 36.5 | 50.1 | 52.8 | 36.6 | 0.1% |
| Ireland | 28.9 | 27.3 | 12.9 | 19.4 | -12.4% |
| Belgium | 25.7 | 15.2 | 15.4 | 14.6 | -17.2% |
| United Arab Emirates | 1.6 | 1.5 | 1.6 | 4.8 | 44.2% |
| Austria | 0.2 | 0.7 | 4.7 | 3.7 | 164.5% |
| Netherlands | 5.2 | 5.7 | 3.6 | 3.2 | -14.9% |
| Germany | 9.8 | 10.1 | 7.3 | 3.1 | -31.9% |
| France | 3.5 | 1.1 | 1.6 | 2.9 | -6.1% |
| Slovakia | 0.9 | 4.9 | 0.6 | 1.6 | 21.1% |
| Lithuania | 5.2 | 5.8 | 3.1 | 0.2 | -66.2% |
| Others | 6.9 | 18.0 | 18.0 | 13.6 | 25.4% |
| Total | 124 | 140 | 122 | 104 | -5.7% |
Top Export Markets for Chocolate from the UK in 2022:
- Poland (13.5K tons)
- Ireland (6.6K tons)
- Belgium (4.6K tons)
- Austria (1.3K tons)
- Germany (0.9K tons)
- France (0.8K tons)
- Netherlands (0.7K tons)
- United Arab Emirates (0.7K tons)
- Slovakia (0.6K tons)
- Lithuania (0.1K tons)
This report provides an in-depth analysis of the chocolate market in the UK. 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 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
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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503
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