U.S. Chocolate And Confectionery Market. Analysis And Forecast to 2025

U.S.: Chocolate And Confectionery Market Overview 2019

Chocolate And Confectionery Market Size in the U.S.

The revenue of the chocolate and confectionery market in the U.S. amounted to $X in 2018, surging by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Chocolate and confectionery consumption peaked in 2018 and is expected to retain its growth in the near future.

Chocolate And Confectionery Production in the U.S.

In value terms, chocolate and confectionery production totaled $X in 2018. The total output value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Chocolate and confectionery production peaked in 2018 and is expected to retain its growth in the immediate term.

Chocolate And Confectionery Exports

Exports from the U.S.

In 2018, the amount of chocolate and confectionery exported from the U.S. amounted to X tonnes, jumping by X% against the previous year. Over the period under review, chocolate and confectionery exports, however, continue to indicate a deep shrinkage. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. In that year, chocolate and confectionery exports reached their peak of X tonnes. From 2017 to 2018, the growth of chocolate and confectionery exports remained at a lower figure.

In value terms, chocolate and confectionery exports amounted to $X in 2018. Overall, chocolate and confectionery exports, however, continue to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

Russia (X tonnes), Brazil (X tonnes) and South Korea (X tonnes) were the main destinations of chocolate and confectionery exports from the U.S., with a combined X% share of total exports. These countries were followed by Bulgaria, Colombia, Japan, Guatemala, the Philippines, Viet Nam, China, Hong Kong SAR, China and the Dominican Republic, which together accounted for a further X 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Viet Nam (+X% per year), while the other leaders experienced more modest paces of growth.

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

From 2013 to 2018, the average annual rate of growth in terms of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and China, Hong Kong SAR (+X% per year).

Export Prices by Country

The average chocolate and confectionery export price stood at $X per tonne in 2018, coming down by -X% against the previous year. Overall, the chocolate and confectionery export price continues to indicate a moderate decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China, Hong Kong SAR ($X per tonne), while the average price for exports to Bulgaria ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic, while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into the U.S.

In 2018, approx. X tonnes of chocolate and confectionery were imported into the U.S.; reducing by -X% against the previous year. The total import volume increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, chocolate and confectionery imports attained their peak figure at X tonnes in 2017, and then declined slightly in the following year.

In value terms, chocolate and confectionery imports totaled $X in 2018. The total import value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Imports peaked at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

Indonesia (X tonnes), the Netherlands (X tonnes) and Cote d'Ivoire (X tonnes) were the main suppliers of chocolate and confectionery imports to the U.S., together comprising X% of total imports. These countries were followed by Malaysia, Ghana, Belgium, Germany, Spain, Brazil, France, Cameroon and India, which together accounted for a further X 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by India, while the other leaders experienced more modest paces of growth.

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

From 2013 to 2018, the average annual rate of growth in terms of value from Indonesia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Cote d'Ivoire (-X% per year).

Import Prices by Country

The average chocolate and confectionery import price stood at $X per tonne in 2018, rising by X% against the previous year. In general, the chocolate and confectionery import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by X% y-o-y. In that year, the average import prices for chocolate and confectionery reached their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average import prices for chocolate and confectionery remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per tonne), while the price for Cameroon ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform