Report U.S. - Chocolate and Confectionery - Market Analysis, Forecast, Size, Trends and Insights for 499$
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U.S. - Chocolate and Confectionery - Market Analysis, Forecast, Size, Trends and Insights
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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

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for chocolate and confectionery in the world?
+
The countries with the highest volumes of chocolate and confectionery consumption in 2020 were China, the U.S. and India, together comprising 31% of global consumption. Japan, Germany, Brazil, Pakistan, Indonesia, Russia, Bangladesh, Mexico, Nigeria and Ethiopia lagged somewhat behind, together accounting for a further 26%.
What are the largest producers of chocolate and confectionery in the world?
+
China constituted the country with the largest volume of chocolate and confectionery production, accounting for 16% of total volume. Moreover, chocolate and confectionery production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. The third position in this ranking was occupied by India, with a 6.1% share.
What are the leading suppliers of chocolate and confectionery to the U.S.?
+
In value terms, Canada constituted the largest supplier of chocolate and confectionery to the U.S., comprising 38% of total imports. The second position in the ranking was occupied by Mexico, with a 14% share of total imports. It was followed by Cote d'Ivoire, with a 6.5% share.
What are the leading importers of chocolate and confectionery from the U.S.?
+
In value terms, Canada remains the key foreign market for chocolate and confectionery exports from the U.S., comprising 51% of total exports. The second position in the ranking was occupied by Mexico, with a 13% share of total exports. It was followed by South Korea, with a 4.1% share.
What is the average export price for chocolate and confectionery in the U.S.?
+
The average chocolate and confectionery export price stood at $5,006 per tonne in 2020, with an increase of 3.1% against the previous year.
What is the average import price for chocolate and confectionery in the U.S.?
+
The average chocolate and confectionery import price stood at $4,013 per tonne in 2020, falling by -2.5% against the previous year.

This report provides an in-depth analysis of the chocolate and confectionery market in the U.S.. 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 2025.


Product coverage:
• Prodcom 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)
• Prodcom 10821200 - Cocoa butter, fat and oil
• Prodcom 10821300 - Cocoa powder, not containing added sugar or other sweetening matter
• Prodcom 10821400 - Cocoa powder, containing added sugar or other sweetening matter
• Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
• Prodcom 10822150 - Chocolate milk crumb containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
• Prodcom 10822170 - Chocolate flavour coating containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
• Prodcom 10822190 - Food preparations containing <18 % of cocoa butter and in packings weighing > 2 kg (excluding chocolate flavour coating, chocolate milk crumb)
• Prodcom 10822233 - Filled chocolate blocks, slabs or bars consisting of a centre (including of cream, liqueur or fruit paste, excluding chocolate biscuits)
• Prodcom 10822235 - Chocolate blocks, slabs or bars with added cereal, fruit or nuts (excluding filled, chocolate biscuits)
• Prodcom 10822239 - Chocolate blocks, slabs or bars (excluding filled, with added cereal, fruit or nuts, chocolate biscuits)
• Prodcom 10822243 - Chocolates (including pralines) containing alcohol (excluding in blocks, slabs or bars)
• Prodcom 10822245 - Chocolates (excluding those containing alcohol, in blocks, s labs or bars)
• Prodcom 10822253 - Filled chocolate confectionery (excluding in blocks, slabs or bars, chocolate biscuits, chocolates)
• Prodcom 10822255 - Chocolate confectionery (excluding filled, in blocks, slabs or bars, chocolate biscuits, chocolates)
• Prodcom 10822260 - Sugar confectionery and substitutes therefor made from sugar substitution products, containing cocoa (including chocolate nougat) (excluding white chocolate)
• Prodcom 10822270 - Chocolate spreads
• Prodcom 10822280 - Preparations containing cocoa for making beverages
• Prodcom 10822290 - Food products with cocoa (excluding cocoa paste, butter, p owder, blocks, slabs, bars, liquid, paste, powder, granular, o ther bulk form in packings > 2 kg, to make beverages, c hocolate spreads)
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption In 2007–2021
Table 5:
Imports, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Value Terms, By Country, 2007–2021
Table 7:
Import Prices, By Country Of Origin, 2007–2021
Table 8:
Exports, In Physical Terms, By Country, 2007–2021
Table 9:
Exports, In Value Terms, By Country, 2007–2021
Table 10:
Export Prices, By Country Of Destination, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2021
Figure 5:
Trade Balance, In Physical Terms, 2007–2021
Figure 6:
Trade Balance, In Value Terms, 2007–2021
Figure 7:
Per Capita Consumption, 2007–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2021
Figure 21:
Production, In Value Terms, 2007–2021
Figure 22:
Imports, In Physical Terms, 2007–2021
Figure 23:
Imports, In Value Terms, 2007–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2007–2021
Figure 26:
Imports, In Value Terms, By Country, 2007–2021
Figure 27:
Import Prices, By Country Of Origin, 2007–2021
Figure 28:
Exports, In Physical Terms, 2007–2021
Figure 29:
Exports, In Value Terms, 2007–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2007–2021
Figure 32:
Exports, In Value Terms, By Country, 2007–2021
Figure 33:
Export Prices, By Country Of Destination, 2007–2021
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