MERCOSUR: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in MERCOSUR

The MERCOSUR chocolate and confectionery market fell slightly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Chocolate And Confectionery Production in MERCOSUR

In value terms, chocolate and confectionery production declined modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports in MERCOSUR

In 2022, shipments abroad of chocolate and confectionery increased by X% to X tons, rising for the fourth year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, chocolate and confectionery exports stood at $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Brazil was the main exporter of chocolate and confectionery in MERCOSUR, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Peru (X tons) ranks second in terms of the total exports with an X% share, followed by Ecuador (X%), Colombia (X%) and Argentina (X%). Uruguay (X tons) and Chile (X tons) held a relatively small share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of chocolate and confectionery. At the same time, Peru (X%), Colombia (X%), Ecuador (X%) and Uruguay (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Chile (X%) and Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Peru, Colombia and Ecuador increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest chocolate and confectionery supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with an X% share of total exports. It was followed by Ecuador, with a X% share.

In Brazil, chocolate and confectionery exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

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

Chocolate And Confectionery Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in purchases abroad of chocolate and confectionery, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 tons, and then contracted in the following year.

In value terms, chocolate and confectionery imports totaled $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The purchases of the three major importers of chocolate and confectionery, namely Brazil, Argentina and Chile, represented more than half of total import. Uruguay (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%), Peru (X%), Venezuela (X%) and Ecuador (X%).

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

In value terms, Brazil ($X), Argentina ($X) and Chile ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Peru, Colombia, Ecuador, Uruguay and Venezuela lagged somewhat behind, together comprising a further X%.

Peru, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, saw a slight decline. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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