U.S.: Chocolate And Confectionery Market 2022

Chocolate And Confectionery Market Size in the U.S.

In 2021, after nine years of growth, there was decline in the U.S. chocolate and confectionery market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Chocolate and confectionery consumption peaked at $X in 2020, and then dropped in the following year.

Chocolate And Confectionery Production in the U.S.

In value terms, chocolate and confectionery production contracted slightly to $X in 2021. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X%. Chocolate and confectionery production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports from the U.S.

After four years of decline, shipments abroad of chocolate and confectionery increased by X% to X tons in 2021. Over the period under review, exports, however, continue to indicate 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 stood at a somewhat lower figure.

In value terms, chocolate and confectionery exports surged 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 only minor fluctuations being observed in certain years. The exports peaked at $X in 2014; afterwards, it flattened through to 2021.

Exports by Country

Canada (X tons) was the main destination for chocolate and confectionery exports from the United States, 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 tons), threefold. The third position in this ranking was occupied 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 ($X) remains the key foreign market for chocolate and confectionery exports from the United States, comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 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

In 2021, the average chocolate and confectionery export price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 an increase of X%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Mexico ($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 Australia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into the U.S.

For the third consecutive year, the United States recorded growth in overseas purchases of chocolate and confectionery, which increased by X% to X tons in 2021. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, chocolate and confectionery imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of chocolate and confectionery to the United States, 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 tons), threefold. Cote d'Ivoire (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, 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 ($X) constituted the largest supplier of chocolate and confectionery to the United States, comprising X% of total imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms 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 2021, the average chocolate and confectionery import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Platform