MERCOSUR: Chocolate Market 2024

Chocolate Market Size in MERCOSUR

The MERCOSUR chocolate market was estimated at $X in 2023, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021; afterwards, it flattened through to 2023.

Chocolate Production in MERCOSUR

In value terms, chocolate production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Chocolate Exports

Exports in MERCOSUR

In 2023, shipments abroad of chocolate and other food preparations containing cocoa decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total exports indicated a measured expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, chocolate exports contracted markedly to $X in 2023. Total exports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

In 2023, Colombia (X tons) and Brazil (X tons) were the main exporters of chocolate and other food preparations containing cocoa in MERCOSUR, together accounting for near X% of total exports. Argentina (X tons) ranks next in terms of the total exports with a X% share, followed by Peru (X%) and Ecuador (X%).

From 2012 to 2023, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) remains the largest chocolate supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Colombia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the export price figures.

Chocolate Imports

Imports in MERCOSUR

Chocolate imports reduced dramatically to X tons in 2023, dropping by X% compared with the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, chocolate imports declined to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Chile (X tons), distantly followed by Brazil (X tons), Colombia (X tons), Ecuador (X tons), Peru (X tons), Argentina (X tons), Paraguay (X tons) and Uruguay (X tons) were the major importers of chocolate and other food preparations containing cocoa, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Paraguay (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Colombia ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Ecuador, Argentina, Peru, Uruguay and Paraguay lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2023.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Brazil ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform