U.S. Chocolate And Confectionery Market. Analysis And Forecast to 2030
Update: COVID-19 Impact

U.S.: Chocolate And Confectionery Market Overview 2020

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, jumping by X% against the previous year. Overall, chocolate and confectionery consumption continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2014 when the market value increased by 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 stood at $X in 2018. In general, chocolate and confectionery production continues to indicate notable growth. The most prominent rate of growth was recorded in 2014 when production volume increased by X% y-o-y. Over the period under review, chocolate and confectionery production reached its maximum level 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. stood at X tonnes, surging by X% against the previous year. In general, chocolate and confectionery exports, however, continue to indicate a drastic slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. In that year, chocolate and confectionery exports reached their peak of X tonnes. From 2017 to 2018, the growth of chocolate and confectionery exports failed to regain its momentum.

In value terms, chocolate and confectionery exports stood at $X in 2018. Over the period under review, chocolate and confectionery exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. 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 2007 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 2007 to 2018, the average annual growth rate 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

In 2018, the average chocolate and confectionery export price amounted to $X per tonne, coming down by -X% against the previous year. In general, the chocolate and confectionery export price continues to indicate a temperate reduction. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. Over the period under review, the average export prices for chocolate and confectionery reached their maximum at $X per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, 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 2007 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, the amount of chocolate and confectionery imported into the U.S. totaled X tonnes, lowering by -X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, chocolate and confectionery imports stood at $X in 2018. The total import value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, chocolate and confectionery imports attained their peak figure 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 accounting for 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 2007 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 2007 to 2018, the average annual growth rate of value from Indonesia amounted to +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

In 2018, the average chocolate and confectionery import price amounted to $X per tonne, going up by X% against the previous year. Overall, 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 an increase of X% year-to-year. 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 failed to regain its momentum.

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 2007 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