Latin America and the Caribbean: White Chocolate Market 2020

White Chocolate Market Size in Latin America and the Caribbean

The revenue of the white chocolate market in Latin America and the Caribbean amounted to $X in 2017, surging by X% against the previous year. The total market indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the white chocolate consumption increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2015, when market value increased by X% year-to-year. Over the period under review, the white chocolate market reached its peak figure level in 2017, and is likely to see steady growth in the near future.

White Chocolate Production in Latin America and the Caribbean

The white chocolate production totaled X tons in 2017, remaining stable against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2009, with an increase of X% y-o-y. Over the period under review, the white chocolate production reached its peak figure volume in 2017, and is likely to continue its growth in the near future.

White Chocolate Exports in Latin America and the Caribbean

In 2017, the amount of white chocolate exported in Latin America and the Caribbean amounted to X tons, coming down by -X% against the previous year. The white chocolate exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when it surged by X% y-o-y. The volume of exports peaked of X tons in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

In value terms, white chocolate exports stood at $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the white chocolate exports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

White Chocolate Exports by Country in Latin America and the Caribbean

Mexico represented the key exporter of white chocolate in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2017. Colombia (X tons) occupied the second position in the ranking, followed by Brazil (X tons) and Guatemala (X tons). All these countries together held approx. X% share of total exports. Argentina (X tons), El Salvador (X tons) and Ecuador (X tons) held the slight share of total exports.

From 2007 to 2017, average annual rates of growth with regard to white chocolate exports from Mexico stood at +X%. At the same time, El Salvador (+X%) and Ecuador (+X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Guatemala experienced a relatively flat trend pattern. By contrast, Brazil (-X%), Colombia (-X%) and Argentina (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Argentina, Colombia and Brazil increased by X%, X% and X% percentage points, while El Salvador (-X%) and Mexico (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest white chocolate supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Colombia ($X), with a X% share of global exports. It was followed by Brazil, with a X% share.

In Mexico, white chocolate exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (-X% per year) and Brazil (-X% per year).

White Chocolate Export Prices by Country in Latin America and the Caribbean

In 2017, the white chocolate export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, an increase of X% year-to-year. Over the period under review, the export prices for white chocolate attained its peak figure level in 2017, and is expected to retain its growth in the immediate term.

Export prices varied noticeably by the country of destination; the country with the highest export price was Ecuador ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Guatemala (+X% per year), while the other leaders experienced more modest paces of growth.

White Chocolate Imports in Latin America and the Caribbean

In 2017, approx. X tons of white chocolate were imported in Latin America and the Caribbean; growing by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2011, when imports increased by X% against the previous year. The volume of imports peaked of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, white chocolate imports amounted to $X in 2017. The total imports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the white chocolate imports increased by +X% against 2015 indices. Over the period under review, the white chocolate imports reached its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

White Chocolate Imports by Country in Latin America and the Caribbean

Venezuela (X tons) and Mexico (X tons) represented roughly X% of total imports of white chocolate in 2017. Chile (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by Peru (X%), Honduras (X%), Nicaragua (X%) and Ecuador (X%). Bolivia (X tons), Paraguay (X tons), Guatemala (X tons), the Dominican Republic (X tons) and Brazil (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Peru (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X), Mexico ($X) and Chile ($X) constituted the countries with the highest levels of imports in 2017, together comprising X% of total imports. The Dominican Republic, Peru, Honduras, Ecuador, Brazil, Guatemala, Nicaragua, Paraguay and Bolivia lagged somewhat behind, together accounting for a further X%.

Peru (+X% per year) recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

White Chocolate Import Prices by Country in Latin America and the Caribbean

In 2017, the white chocolate import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. The level of import price peaked of $X per ton in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was the Dominican Republic ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Bolivia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform