U.S. - Chocolate And Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Chocolate and Other Food Preparations Containing Cocoa in the United States - 2024
Contents:
- Price for Chocolate and Other Food Preparations Containing Cocoa in the United States (CIF) - 2024
- Price for Chocolate and Other Food Preparations Containing Cocoa in the United States (FOB) - 2024
- Imports of Chocolate and Other Food Preparations Containing Cocoa in the United States
- Exports of Chocolate and Other Food Preparations Containing Cocoa in the United States
Price for Chocolate and Other Food Preparations Containing Cocoa in the United States (CIF) - 2024
In September 2023, the average import price for chocolate and other food preparations containing cocoa amounted to $3,684 per ton, rising by 12% against the previous month. Over the last six months, it increased at an average monthly rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Mexico ($6,027 per ton), while the price for Canada ($3,256 per ton) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Canada (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chocolate and Other Food Preparations Containing Cocoa in the United States (FOB) - 2024
In September 2023, the average export price for chocolate and other food preparations containing cocoa amounted to $4,008 per ton, rising by 3.2% against the previous month. Over the last six months, it increased at an average monthly rate of +2.6%. The pace of growth appeared the most rapid in April 2023 an increase of 7.4% against the previous month. Over the period under review, the average export prices attained the peak figure in September 2023.
Average prices varied noticeably for the major export markets. In September 2023, the country with the highest price was Canada ($4,040 per ton), while the average price for exports to Ecuador ($3,423 per ton) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Chocolate and Other Food Preparations Containing Cocoa in the United States
Imports of chocolate and other food preparations containing cocoa into the United States rose slightly to 298K tons in 2022, with an increase of 4.3% on the previous year. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of chocolate and other food preparations containing cocoa totaled $931M in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chocolate and Other Food Preparations Containing Cocoa in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 552 | 588 | 602 | 671 | 6.7% |
| Belgium | 57.9 | 42.0 | 61.6 | 58.6 | 0.4% |
| Mexico | 140 | 108 | 71.5 | 54.6 | -26.9% |
| Cote d'Ivoire | 11.7 | 12.0 | 18.9 | 39.9 | 50.5% |
| Ireland | 30.9 | 29.7 | 29.0 | 31.9 | 1.1% |
| Italy | 9.5 | 7.6 | 10.6 | 20.3 | 28.8% |
| Others | 51.9 | 30.7 | 43.0 | 54.4 | 1.6% |
| Total | 855 | 818 | 837 | 931 | 2.9% |
Top Suppliers of Chocolate and Other Food Preparations Containing Cocoa to the United States in 2022:
- Canada (239.6K tons)
- Belgium (13.0K tons)
- Cote d'Ivoire (11.0K tons)
- Mexico (10.9K tons)
- Ireland (8.8K tons)
- Italy (4.9K tons)
Exports of Chocolate and Other Food Preparations Containing Cocoa in the United States
In 2022, exports of chocolate and other food preparations containing cocoa from the United States expanded significantly to 110K tons, surging by 7% on the year before. The total export volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 22%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of chocolate and other food preparations containing cocoa expanded notably to $376M in 2022. The total export value increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Chocolate and Other Food Preparations Containing Cocoa in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 193 | 193 | 213 | 226 | 5.4% |
| Mexico | 74.8 | 58.2 | 104 | 123 | 18.0% |
| South Korea | 6.7 | 8.5 | 8.9 | 8.2 | 7.0% |
| Others | 29.5 | 18.2 | 18.0 | 19.1 | -13.5% |
| Total | 304 | 278 | 343 | 376 | 7.3% |
Top Export Markets for Chocolate and Other Food Preparations Containing Cocoa from the United States in 2022:
- Canada (69.2K tons)
- Mexico (34.0K tons)
- South Korea (1.8K tons)
This report provides an in-depth analysis of the chocolate 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 2030.
Product coverage:
- 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
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Imports of Chocolate And Other Food Preparations Containing Cocoa reached a peak of 298K tons in 2022 before decreasing the following year. In terms of value, these imports amounted to $955M in 2023.
375
In terms of value, chocolate imports decreased to $72 million in June 2023.
308
In February 2023, the price of chocolate stayed the same at $5,159 per ton (CIF, US) compared with the month prior.
829
In September 2022, the chocolate price amounted to $5,372 per ton (CIF, US), increasing by 7.5% against the previous month.
225
During the review period, imports of Chocolate Bar With Filling peaked in 2023 and are projected to continue growing. The value of these imports surged to $554M in 2023.
1252
In May 2023, the price of the Chocolate Bar With Filling stood at $8,465 per ton (CIF, US), maintaining a steady level compared to the previous month.
556
In value terms, chocolate and confectionery imports contracted to $430M in April 2023.
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In June 2023, the price of Cereal, Fruit or Nut Chocolate Bar was $6,863 per ton (CIF, US), showing a decrease of -3.1% compared to the previous month.
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In July 2022, the confectionery price per ton amounted to $3,957, surging by 5% against the previous month.
