China: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in China

The Chinese market for candies, sweets, and nonchocolate confectionery shrank modestly to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in China

In value terms, candy, sweets, and nonchocolate confectionery production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from China

In 2022, approx. X tons of candies, sweets, and nonchocolate confectionery were exported from China; with an increase of X% on the previous year's figure. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, candy, sweets, and nonchocolate confectionery exports soared to $X in 2022. Overall, total exports indicated buoyant 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Indonesia (X tons) and the Philippines (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from China, with a combined X% share of total exports. Malaysia, Thailand, Russia, Australia, Canada, Vietnam, South Korea, Mexico, Iraq and Saudi Arabia lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), the Philippines ($X) and Indonesia ($X) were the largest markets for candy, sweets, and nonchocolate confectionery exported from China worldwide, with a combined X% share of total exports. Malaysia, Thailand, Australia, Canada, South Korea, Russia, Vietnam, Saudi Arabia, Mexico and Iraq lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($X 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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into China

In 2022, approx. X tons of candies, sweets, and nonchocolate confectionery were imported into China; waning by X% on 2021 figures. Overall, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, candy, sweets, and nonchocolate confectionery imports fell to $X in 2022. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Thailand (X tons), Malaysia (X tons) and Germany (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to China, with a combined X% share of total imports. Japan, Taiwan (Chinese), the Philippines, Belgium, the United States, Singapore, Vietnam, Ukraine, Spain and South Korea lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest candy, sweets, and nonchocolate confectionery suppliers to China were Japan ($X), the United States ($X) and Germany ($X), with a combined X% share of total imports. Thailand, Malaysia, Belgium, South Korea, Taiwan (Chinese), the Philippines, Spain, Singapore, Vietnam and Ukraine lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, 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 average import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price 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, candy, sweets, and nonchocolate confectionery import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Ukraine ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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