Bangladesh: Market for Chocolate Bars With Fillings 2022

Market Size for Chocolate Bars With Fillings in Bangladesh

After five years of growth, the Bangladeshi chocolate bar with filling market decreased by -5.3% to $X in 2021. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +69.8% against 2015 indices. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Production of Chocolate Bars With Fillings in Bangladesh

In value terms, chocolate bar with filling production declined to $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +76.7% against 2015 indices. The growth pace was the most rapid in 2016 when the production volume increased by 19% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Exports of Chocolate Bars With Fillings

Exports from Bangladesh

After five years of growth, shipments abroad of chocolate bars with fillings decreased by -33.7% to X tons in 2021. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2019 with an increase of 154%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then contracted significantly in the following year.

In value terms, chocolate bar with filling exports reduced markedly to $X in 2021. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 100%. Over the period under review, the exports reached the peak figure at $X in 2020, and then dropped rapidly in the following year.

Exports by Country

Bolivia (X tons) was the main destination for chocolate bar with filling exports from Bangladesh, accounting for a 75% share of total exports. Moreover, chocolate bar with filling exports to Bolivia exceeded the volume sent to the second major destination, Australia (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia stood at +152.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+91.7% per year) and the Philippines (-43.5% per year).

In value terms, Bolivia ($X), Australia ($X) and the Philippines ($X) were the largest markets for chocolate bar with filling exported from Bangladesh worldwide, together comprising 95% of total exports.

Among the main countries of destination, Bolivia, with a CAGR of +153.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chocolate bar with filling export price increased by +40.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 25% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1,038.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Bangladesh

In 2021, overseas purchases of chocolate bars with fillings were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports enjoyed a temperate increase. The pace of growth was the most pronounced in 2013 when imports increased by 76%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, chocolate bar with filling imports soared to $X in 2021. Over the period under review, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.5% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 78% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), the Netherlands (X tons) and the United Arab Emirates (X tons) were the main suppliers of chocolate bar with filling imports to Bangladesh, with a combined 74% share of total imports. Turkey, India, Singapore, Malaysia and Indonesia lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the biggest increases were in Singapore (with a CAGR of +24.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling suppliers to Bangladesh were the Netherlands ($X), Russia ($X) and the United Arab Emirates ($X), with a combined 68% share of total imports. These countries were followed by Turkey, India, Malaysia, Singapore and Indonesia, which together accounted for a further 26%.

In terms of the main suppliers, Singapore, with a CAGR of +23.9%, recorded the highest rates of growth with regard to 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 2021, the average chocolate bar with filling import price amounted to $X per ton, with an increase of 16% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Malaysia ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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