Asia: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Asia

The Asian chocolate and confectionery market declined slightly to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Chocolate And Confectionery Production in Asia

In value terms, chocolate and confectionery production fell modestly to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Chocolate And Confectionery Exports

Exports in Asia

Chocolate and confectionery exports rose remarkably to X tons in 2022, surging by X% against 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, chocolate and confectionery exports rose sharply to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

The biggest shipments were from Malaysia (X tons), Indonesia (X tons), Turkey (X tons) and Singapore (X tons), together finishing at X% of total export. The United Arab Emirates (X tons) ranks next in terms of the total exports with a X% share, followed by China (X%). South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery supplying countries in Asia were Malaysia ($X), Indonesia ($X) and Turkey ($X), together comprising X% of total exports.

Among the main exporting countries, Indonesia, with a CAGR of X%, recorded the highest growth rate of 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 Asia stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports in Asia

In 2022, the amount of chocolate and confectionery imported in Asia rose modestly to X tons, increasing by X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, chocolate and confectionery imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Japan (X tons) and China (X tons) were the main importers of chocolate and confectionery in 2022, finishing at approx. X% and X% of total imports, respectively. The United Arab Emirates (X tons) held the next position in the ranking, followed by Turkey (X tons), India (X tons) and Saudi Arabia (X tons). All these countries together took approx. X% share of total imports. The Philippines (X tons), Malaysia (X tons), Indonesia (X tons), Iraq (X tons), South Korea (X tons), Singapore (X tons) and Kazakhstan (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery importing markets in Asia were Japan ($X), China ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Saudi Arabia, Turkey, South Korea, Singapore, India, Malaysia, the Philippines, Indonesia, Iraq and Kazakhstan lagged somewhat behind, together accounting for 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

In 2022, the import price in Asia amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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