ASEAN: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in ASEAN

The ASEAN chocolate bar with filling market totaled $X in 2023, flattening at the previous year. The total consumption indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Production of Chocolate Bars With Fillings in ASEAN

In value terms, chocolate bar with filling production fell slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2023.

Exports of Chocolate Bars With Fillings

Exports in ASEAN

For the third consecutive year, ASEAN recorded growth in overseas shipments of chocolate bars with fillings, which increased by X% to X tons in 2023. Total exports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, chocolate bar with filling exports skyrocketed to $X in 2023. Total exports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Malaysia (X tons) was the largest exporter of chocolate bars with fillings, achieving X% of total exports. Singapore (X tons) ranks second in terms of the total exports with a X% share, followed by Thailand (X%). Indonesia (X tons) and Vietnam (X tons) held a minor share of total exports.

Malaysia experienced a relatively flat trend pattern with regard to volume of exports of chocolate bars with fillings. At the same time, Vietnam (X%), Thailand (X%), Singapore (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Thailand and Singapore increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest chocolate bar with filling supplying countries in ASEAN were Malaysia ($X), Singapore ($X) and Thailand ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the export price increased by X%. The level of export peaked in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports in ASEAN

In 2023, purchases abroad of chocolate bars with fillings increased by X% to X tons, rising for the third year in a row after two years of decline. Total imports indicated pronounced growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2022 with an increase of X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, chocolate bar with filling imports declined slightly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Singapore (X tons), distantly followed by Malaysia (X tons), Thailand (X tons), the Philippines (X tons), Indonesia (X tons) and Vietnam (X tons) were the main importers of chocolate bars with fillings, together achieving X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling importing markets in ASEAN were Singapore ($X), Thailand ($X) and Malaysia ($X), together comprising X% of total imports. The Philippines, Vietnam and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price recorded a mild decline. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform