CIS: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in CIS

In 2022, the CIS chocolate and confectionery market increased by X% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption, however, continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Chocolate And Confectionery Production in CIS

In value terms, chocolate and confectionery production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced slump. The growth pace was the most rapid in 2013 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Chocolate And Confectionery Exports

Exports in CIS

In 2022, overseas shipments of chocolate and confectionery decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell notably in the following year.

In value terms, chocolate and confectionery exports dropped sharply to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

Russia dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. Kazakhstan (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the chocolate and confectionery exports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. While the share of Russia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Russia was relatively modest.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, falling by X% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Chocolate And Confectionery Imports

Imports in CIS

In 2022, imports of chocolate and confectionery in the CIS was estimated at X tons, surging by X% on the previous year. 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 growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, chocolate and confectionery imports contracted to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Russia (X tons) was the key importer of chocolate and confectionery, achieving X% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a X% share, followed by Uzbekistan (X%) and Azerbaijan (X%). The following importers - Kyrgyzstan (X tons), Armenia (X tons) and Tajikistan (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to chocolate and confectionery imports into Russia stood at X%. At the same time, Uzbekistan (X%), Armenia (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%) and Tajikistan (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 Tajikistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price saw a slight slump. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Armenia ($X per ton), while Uzbekistan ($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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