Republic of Korea - Chocolate Bars With Fillings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Chocolate Bar with Filling in South Korea - 2022
Contents:
- Price for Chocolate Bar with Filling in South Korea (CIF) - 2022
- Price for Chocolate Bar with Filling in South Korea (FOB) - 2022
- Imports of Chocolate Bar with Filling in South Korea
- Exports of Chocolate Bar with Filling in South Korea
Price for Chocolate Bar with Filling in South Korea (CIF) - 2022
The average chocolate bar with filling import price stood at $10,409 per ton in December 2022, increasing by 15% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 29% against the previous month. Over the period under review, average import prices attained the maximum in December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($13,408 per ton), while the price for China ($4,542 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chocolate Bar with Filling in South Korea (FOB) - 2022
In 2022, the average chocolate bar with filling export price amounted to $6,084 per ton, with a decrease of -6.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2018 an increase of 14% against the previous year. Over the period under review, the average export prices hit record highs at $6,520 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($11,273 per ton), while the average price for exports to the United Arab Emirates ($2,001 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chocolate Bar with Filling in South Korea
In 2022, approx. 8.4K tons of chocolate bars with fillings were imported into South Korea; growing by 11% compared with the year before. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, chocolate bar with filling imports surged to $44M in 2022. Overall, imports, however, continue to indicate a abrupt decrease.
| Import of Chocolate Bar with Filling in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 23.3 | 23.1 | 13.8 | 21.4 | -2.8% |
| China | 6.1 | 4.8 | 4.9 | 7.6 | 7.6% |
| United States | 5.5 | 4.9 | 3.3 | 3.0 | -18.3% |
| Germany | 5.9 | 7.9 | 3.8 | 2.7 | -22.9% |
| Turkey | 0.2 | 0.3 | 0.4 | 1.7 | 104.1% |
| Belgium | 1.6 | 1.4 | 0.9 | 1.4 | -4.4% |
| Russia | 0.7 | 0.8 | 0.6 | 1.0 | 12.6% |
| Spain | 1.6 | 1.3 | 0.6 | 0.8 | -20.6% |
| Netherlands | 0.4 | 0.5 | 0.3 | 0.6 | 14.5% |
| Malaysia | 0.7 | 0.4 | 0.3 | 0.5 | -10.6% |
| Philippines | 0.6 | 0.4 | 0.2 | 0.3 | -20.6% |
| Poland | 1.0 | 1.8 | 0.8 | 0.3 | -33.1% |
| Others | 5.3 | 3.6 | 6.2 | 2.6 | -21.1% |
| Total | 52.9 | 51.3 | 36.2 | 43.8 | -6.1% |
Top Suppliers of Chocolate Bar with Filling to South Korea in 2022:
- China (2765.1 tons)
- Italy (2260.3 tons)
- United States (805.9 tons)
- Germany (634.0 tons)
- Turkey (398.4 tons)
- Russia (373.6 tons)
- Netherlands (205.4 tons)
- Spain (200.9 tons)
- Philippines (148.7 tons)
- Belgium (148.3 tons)
- Malaysia (135.1 tons)
- Poland (62.9 tons)
Exports of Chocolate Bar with Filling in South Korea
In 2022, approx. 793 tons of chocolate bars with fillings were exported from South Korea; declining by -5.5% against 2021. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 28%. As a result, the exports reached the peak of 839 tons, and then declined in the following year.
In value terms, chocolate bar with filling exports declined to $4.8M in 2022. Over the period under review, exports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. As a result, the exports reached the peak of $5.5M, and then reduced in the following year.
| Export of Chocolate Bar with Filling in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,735 | 2,989 | 3,710 | 3,404 | -3.0% |
| Vietnam | 445 | 175 | 151 | 216 | -21.4% |
| Hong Kong SAR | 31.7 | 125 | 111 | 197 | 83.9% |
| Taiwan (Chinese) | 203 | 137 | 182 | 167 | -6.3% |
| Japan | 168 | 136 | 190 | 162 | -1.2% |
| United Arab Emirates | 57.3 | 73.9 | 131 | 121 | 28.3% |
| Others | 476 | 541 | 991 | 556 | 5.3% |
| Total | 5,116 | 4,177 | 5,467 | 4,822 | -2.0% |
Top Export Markets for Chocolate Bar with Filling from South Korea in 2022:
- China (599.4 tons)
- United Arab Emirates (60.2 tons)
- Vietnam (30.5 tons)
- Japan (25.5 tons)
- Taiwan (Chinese) (18.6 tons)
- Hong Kong SAR (17.4 tons)
This report provides an in-depth analysis of the market for chocolate bar with filling in Republic of Korea. 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 10822233 - Filled chocolate blocks, slabs or bars consisting of a centre (including of cream, liqueur or fruit paste, excluding chocolate biscuits)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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
-
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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