U.S.: Chocolate And Confectionery Market 2022

Chocolate And Confectionery Market Size in the U.S.

For the twelfth consecutive year, the U.S. chocolate and confectionery market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Chocolate and confectionery consumption peaked in 2020 and is expected to retain growth in years to come.

Chocolate And Confectionery Production in the U.S.

In value terms, chocolate and confectionery production amounted to $X in 2020. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% year-to-year. Chocolate and confectionery production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports from the U.S.

In 2020, the amount of chocolate and confectionery exported from the U.S. dropped markedly to X tonnes, waning by -X% compared with 2019. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tonnes in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, chocolate and confectionery exports contracted to $X in 2020. Over the period under review, total exports indicated a temperate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2014 indices. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Canada (X tonnes) was the main destination for chocolate and confectionery exports from the U.S., with a X% share of total exports. Moreover, chocolate and confectionery exports to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), fourfold. South Korea (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume 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).

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

From 2007 to 2020, the average annual growth rate of value to Canada stood at +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 chocolate and confectionery export price stood at $X per tonne in 2020, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked in 2020 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2020, the countries with the highest prices were Japan ($X per tonne) and Australia ($X per tonne), while the average price for exports to Mexico ($X per tonne) and Canada ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into the U.S.

In 2020, approx. X tonnes of chocolate and confectionery were imported into the U.S.; standing approx. at the previous year's figure. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2019, and then shrank slightly in the following year.

In value terms, chocolate and confectionery imports fell to $X in 2020. Overall, total imports indicated a buoyant expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2019, and then declined modestly in the following year.

Imports by Country

In 2020, Canada (X tonnes) constituted the largest supplier of chocolate and confectionery to the U.S., accounting for a X% share of total imports. Moreover, chocolate and confectionery imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tonnes), twofold. The third position in this ranking was occupied by Cote d'Ivoire (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Canada amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Cote d'Ivoire (+X% per year).

In value terms, Canada ($X) constituted the largest supplier of chocolate and confectionery to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Cote d'Ivoire (+X% per year).

Import Prices by Country

In 2020, the average chocolate and confectionery import price amounted to $X per tonne, which is down by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2016; however, from 2017 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($X per tonne), while the price for Ghana ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform