U.S.: Confectionery Market 2022

Confectionery Market Size in the U.S.

The u.s. confectionery market reached $X in 2021, leveling off at the previous year. this figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years.Confectionery consumption peaked in 2021 and is expected to retain growth in years to come.

Confectionery Production in the U.S.

In value terms, confectionery production dropped modestly to $X in 2021.The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years.The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year.Over the period under review, production attained the peak level at $X in 2020, and then dropped modestly in the following year.

Confectionery Exports

Exports from the U.S.

In 2021, shipments abroad of confectionery was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend.Overall, exports, however, showed a relatively flat trend pattern.Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, confectionery exports soared to $X in 2021.The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period.Over the period under review, the exports attained the maximum at $X in 2014; afterwards, it flattened through to 2021.

Exports by Country

Canada (X tons) was the main destination for confectionery exports from the United States, with a X% share of total exports. Moreover, confectionery exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and South Korea (-X% per year).

In value terms, Canada ($X) remains the key foreign market for confectionery exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and South Korea (-X% per year).

Export Prices by Country

The average confectionery export price stood at $X per ton in 2021, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Mexico ($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 Vietnam (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery Imports

Imports into the U.S.

In 2021, approx. X tons of confectionery were imported into the united states; surging by X% on 2020 figures.The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years.The growth pace was the most rapid in 2016 when imports increased by X% against the previous year.Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, confectionery imports expanded significantly to $X in 2021.The total import value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), Mexico (X tons) and Germany (X tons) were the main suppliers of confectionery imports to the United States, together comprising X% of total imports. Cote d'ivoire, turkey, the netherlands, spain, indonesia, malaysia, brazil, china, belgium and poland lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and Germany ($X) constituted the largest confectionery suppliers to the United States, with a combined X% share of total imports. Cote d'ivoire, the netherlands, indonesia, turkey, belgium, malaysia, spain, china, brazil and poland lagged somewhat behind, together accounting for a further X, with a cagr of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average confectionery import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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