CIS: Chocolate Market 2024

Chocolate Market Size in CIS

The CIS chocolate market expanded significantly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, saw a mild descent. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Chocolate Production in CIS

In value terms, chocolate production contracted modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Chocolate Exports

Exports in CIS

After six years of growth, overseas shipments of chocolate and cocoa products decreased by X% to X tons in 2022. Over the period under review, exports, however, posted a measured increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined dramatically in the following year.

In value terms, chocolate exports shrank sharply to $X in 2022. Total exports indicated a measured increase 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. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Russia prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), generating a X% share of total exports. The following exporters - Belarus (X tons), Azerbaijan (X tons) and Uzbekistan (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to chocolate exports from Russia stood at X%. At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Azerbaijan experienced a relatively flat trend pattern. By contrast, Belarus (X%) illustrated a downward trend over the same period. Russia (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest chocolate supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

In Russia, chocolate exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

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

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

Chocolate Imports

Imports in CIS

In 2022, the amount of chocolate and cocoa products imported in the CIS reduced to X tons, shrinking by X% against 2021. Total imports indicated a modest 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, chocolate imports amounted to $X in 2022. Total imports indicated a measured expansion 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Russia was the main importer of chocolate and cocoa products in the CIS, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), Uzbekistan (X tons), Belarus (X tons) and Azerbaijan (X tons), together mixing up a X% share of total imports. Kyrgyzstan (X tons) and Armenia (X tons) held a relatively small share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of chocolate and cocoa products. At the same time, Uzbekistan (X%), Armenia (X%), Belarus (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kyrgyzstan (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported chocolate and cocoa products in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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