Report Update Apr 1, 2024

Puerto Rico - Candy, Sweets, and Nonchocolate Confectionery - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Puerto Rico

The Puerto Rican market for candies, sweets, and nonchocolate confectionery surged to $X in 2021, rising by 17% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Puerto Rico consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Candies, Sweets, and Nonchocolate Confectionery in Puerto Rico

In value terms, candy, sweets, and nonchocolate confectionery production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 42%. Puerto Rico production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

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Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports by Country

Germany (X tons), China (X tons), Mexico (X tons), Turkey (X tons), Belgium (X tons), Spain (X tons), the Netherlands (X tons), the United States (X tons), Canada (X tons), India (X tons), Poland (X tons) and Brazil (X tons) represented roughly 63% of total exports in 2021. Russia (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of +12.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2021, with a combined 27% share of total exports. These countries were followed by Mexico, the Netherlands, Spain, Turkey, the United States, Poland, Canada, Russia, Brazil and India, which together accounted for a further 38%.

India, with a CAGR of +11.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports by Country

In 2021, the United States (X tons), distantly followed by the UK (X tons) and Germany (X tons) were the main importers of candies, sweets, and nonchocolate confectionery, together achieving 30% of total imports. Canada (X tons), the Netherlands (X tons), France (X tons), Belgium (X tons), Poland (X tons), Russia (X tons), Sweden (X tons), China (X tons), South Korea (X tons) and Australia (X tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +4.3% from 2012 to 2021. At the same time, South Korea (+10.4%), China (+9.1%), Poland (+7.2%), the Netherlands (+4.1%), Canada (+3.9%), the UK (+3.9%), Germany (+2.5%), France (+2.2%), Belgium (+2.2%) and Sweden (+1.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +10.4% from 2012-2021. Australia experienced a relatively flat trend pattern. By contrast, Russia (-1.1%) illustrated a downward trend over the same period. While the share of the United States (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported candies, sweets, and nonchocolate confectionery into Puerto Rico, comprising 18% of global imports. The second position in the ranking was taken by Germany ($X), with a 6.4% share of global imports. It was followed by the UK, with a 6% share.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +4.6%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+2.4% per year) and the UK (+3.5% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for candies, sweets, and nonchocolate confectionery in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and Indonesia, together comprising 38% of global consumption. These countries were followed by Russia, Pakistan, Germany, the UK, Mexico, Nigeria, Bangladesh, Brazil, India and Canada, which together accounted for a further 21%.

What are the largest producers of candies, sweets, and nonchocolate confectionery in the world?

The countries with the highest volumes of production in 2021 were China, the United States and Mexico, together comprising 37% of global production. Germany, Indonesia, Russia, Pakistan, Brazil, India, Turkey, Bangladesh, Nigeria and Spain lagged somewhat behind, together accounting for a further 24%.

What are the leading suppliers of candies, sweets, and nonchocolate confectionery to Puerto Rico?

In value terms, the United States constitutes the largest market for imported candies, sweets, and nonchocolate confectionery into Puerto Rico, comprising 18% of global imports. The second position in the ranking was held by Germany, with a 6.4% share of global imports. It was followed by the UK, with a 6% share.

What are the leading importers of candies, sweets, and nonchocolate confectionery from Puerto Rico?

In value terms, Germany, China and Belgium constituted the countries with the highest levels of exports in 2021, together comprising 27% of total exports. Mexico, the Netherlands, Spain, Turkey, the United States, Poland, Canada, Russia, Brazil and India lagged somewhat behind, together comprising a further 38%.

This report provides an in-depth analysis of the market for candy, sweets, and nonchocolate confectionery in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10822310 - Chewing gum
Prodcom 10822320 - Liquorice cakes, blocks, sticks and pastilles containing > .10 % by weight of sucrose, but not containing any other substances
Prodcom 10822330 - White chocolate
Prodcom 10822353 - Sugar confectionery pastes in immediate packings of a net content . 1 kg (including marzipan, fondant, nougat and almond pastes)
Prodcom 10822355 - Throat pastilles and cough drops consisting essentially of sugars and flavouring agents (excluding pastilles or drops with flavouring agents containing medicinal properties)
Prodcom 10822363 - Sugar-coated (panned) goods (including sugar almonds)
Prodcom 10822365 - Gums, fruit jellies and fruit pastes in the form of sugar confectionery (excluding chewing gum)
Prodcom 10822373 - Boiled sweets
Prodcom 10822375 - Toffees, caramels and similar sweets
Prodcom 10822383 - Compressed tablets of sugar confectionery (including cachous)
Prodcom 10822390 - Sugar confectionery, n.e.c.

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023