Vietnam: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Vietnam

The Vietnamese chocolate bar with filling market contracted slightly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption showed a mild curtailment. Chocolate bar with filling consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Chocolate Bars With Fillings in Vietnam

In value terms, chocolate bar with filling production declined modestly to $X in 2022 estimated in export price. Over the period under review, production saw a slight setback. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Chocolate bar with filling production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Exports of Chocolate Bars With Fillings

Exports from Vietnam

In 2022, chocolate bar with filling exports from Vietnam surged to X tons, jumping by X% compared with the year before. In general, exports showed modest growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chocolate bar with filling exports skyrocketed to $X in 2022. Over the period under review, exports recorded a slight increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for chocolate bar with filling exports from Vietnam, with a X% share of total exports. Moreover, chocolate bar with filling exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

In value terms, Japan ($X) emerged as the key foreign market for chocolate bars with fillings exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($X per ton) and the Netherlands ($X per ton), while the average price for exports to South Korea ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Vietnam

In 2022, supplies from abroad of chocolate bars with fillings increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chocolate bar with filling imports surged to $X in 2022. In general, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), Russia (X tons) and China (X tons) were the main suppliers of chocolate bar with filling imports to Vietnam, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Russia ($X) and China ($X) were the largest chocolate bar with filling suppliers to Vietnam, together accounting for X% of total imports.

In terms of the main suppliers, Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chocolate bar with filling import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($X per ton) and Australia ($X per ton), while the price for Switzerland ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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