New Zealand: Market for Chocolate Bars With Fillings 2022

Market Size for Chocolate Bars With Fillings in New Zealand

In 2021, the New Zealand chocolate bar with filling market decreased by -9.1% to $X, falling for the fourth year in a row after two years of growth. In general, consumption recorded a pronounced descent. Chocolate bar with filling consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Chocolate Bars With Fillings in New Zealand

In value terms, chocolate bar with filling production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt downturn. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Chocolate Bars With Fillings

Exports from New Zealand

In 2021, overseas shipments of chocolate bars with fillings increased by 9.1% to X tons, rising for the second year in a row after three years of decline. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 132% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, chocolate bar with filling exports soared to $X in 2021. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 112% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for chocolate bar with filling exports from New Zealand, accounting for a 79% share of total exports. Moreover, chocolate bar with filling exports to Australia exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold. Fiji (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia stood at +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+20.6% per year) and Fiji (+40.4% per year).

In value terms, Australia ($X) remains the key foreign market for chocolate bar with filling exports from New Zealand, comprising 73% of total exports. The second position in the ranking was held by Canada ($X), with a 7% share of total exports. It was followed by Fiji, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Australia stood at +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+27.9% per year) and Fiji (+51.5% per year).

Export Prices by Country

In 2021, the average chocolate bar with filling export price amounted to $X per ton, with an increase of 23% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Tonga ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into New Zealand

In 2021, after three years of growth, there was significant decline in purchases abroad of chocolate bars with fillings, when their volume decreased by -23.5% to X tons. In general, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2018 when imports increased by 55% against the previous year. Imports peaked at X tons in 2020, and then fell markedly in the following year.

In value terms, chocolate bar with filling imports declined to $X in 2021. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 46% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then contracted in the following year.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of chocolate bar with filling to New Zealand, with a 81% share of total imports. Moreover, chocolate bar with filling imports from Australia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from Australia stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+66.4% per year) and the Netherlands (+41.5% per year).

In value terms, Australia ($X) constituted the largest supplier of chocolate bar with filling to New Zealand, comprising 79% of total imports. The second position in the ranking was taken by China ($X), with a 5.1% share of total imports. It was followed by the Netherlands, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+55.4% per year) and the Netherlands (+37.2% per year).

Import Prices by Country

In 2021, the average chocolate bar with filling import price amounted to $X per ton, rising by 18% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Switzerland ($X per ton) and the Netherlands ($X per ton), while the price for China ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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