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

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

In 2022, the Indian market for candies, sweets, and nonchocolate confectionery decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Candies, Sweets, and Nonchocolate Confectionery in India

In value terms, candy, sweets, and nonchocolate confectionery production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. Candy, sweets, and nonchocolate confectionery production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from India

In 2022, approx. X tons of candies, sweets, and nonchocolate confectionery were exported from India; with an increase of X% on the previous year's figure. Overall, exports posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, candy, sweets, and nonchocolate confectionery exports expanded sharply to $X in 2022. In general, exports posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Niger (X tons), Benin (X tons) and Angola (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from India, together comprising X% of total exports. Somalia, Democratic Republic of the Congo, Nigeria, Tanzania, Ghana, the United Arab Emirates, Togo, Mozambique, Senegal and Chad lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Somalia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Niger ($X), Benin ($X) and Somalia ($X) appeared to be the largest markets for candy, sweets, and nonchocolate confectionery exported from India worldwide, with a combined X% share of total exports.

Among the main countries of destination, Somalia, 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

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Angola ($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 Senegal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into India

Candy, sweets, and nonchocolate confectionery imports into India shrank significantly to X tons in 2022, dropping by X% against the previous year's figure. Overall, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, candy, sweets, and nonchocolate confectionery imports fell modestly to $X in 2022. Over the period under review, total imports indicated a prominent 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. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Bangladesh (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of candy, sweets, and nonchocolate confectionery imports to India, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), China ($X) and Malaysia ($X) were the largest candy, sweets, and nonchocolate confectionery suppliers to India, together comprising X% of total imports.

In terms of the main suppliers, Bangladesh, with a CAGR of X%, 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

The average import price for candies, sweets, and nonchocolate confectionery stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, saw a pronounced contraction. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($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 Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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