Cocoa-free sugar confectionery market in Argentina

Earlier Report Observations

The market volume of cocoa-free sugar confectionery in Argentina fluctuated significantly between 2018 and 2023. After a gradual decline from 40 915 t in 2018 to 36 697 t in 2021, it surged by 28% to 47 136 t in 2022, before contracting sharply to 23 246 t in 2023. The strong growth in 2022 was driven by rising consumer demand for healthier products, including high-cocoa and low-sugar options, alongside regulatory pressures for cleaner labels and reduced sugar content, which stimulated production and consumption.

Shifting consumer preferences towards health and wellness consistently shaped the market throughout the period. This trend prompted product innovations such as Nestlé's 2021 launch of Incoa, a dark chocolate bar with no processed sugar. Companies also responded with operational updates, exemplified by Burmar Sweets' comprehensive packaging renewal for liquid candies and gummies in 2023, aimed at modernization and improved customer service.

Export activity remained focused on strategic markets like MERCOSUR, the US, and Japan. The sharp market volume decrease in 2023 occurred alongside global factors highlighted for 2024, including raw material price fluctuations and climatic conditions, which likely impacted production costs and supply dynamics in the preceding year.

Production cocoa-free sugar confectionery in Argentina

In kind, 2017-2020, t

From 2017 to 2020, Argentina ranked 24th globally in the production of cocoa-free sugar confectionery.

Top producers of cocoa-free sugar confectionery, 2017-2020

World map of production of cocoa-free sugar confectionery, 2017-2020

Argentina's production of cocoa-free sugar confectionery grew for the second year in a row. In 2020, the country produced 50 074 tonnes, marking a modest 3.1% increase from the previous year. The lowest production level was in 2018 at 46 350 tonnes, which saw the largest decline of 6.2%. The biggest increase occurred in 2019, with a 4.8% rise.

Annual dynamics of production in Argentina in kind, 2017-2020, t

In value, 2017-2020, M $ US

Argentina's production value of cocoa-free sugar confectionery fell for the third consecutive year. In 2020, output was valued at 89.8 million US dollars, a 5.1% drop compared to 2019. Over the 2017-2020 period, production decreased by 13.5%, with a compound annual growth rate of -4.7%.

Annual dynamics of production in Argentina in value, 2017-2020, M $ US

Exports cocoa-free sugar confectionery from Argentina

Exports in kind, t

Argentina's exports of cocoa-free sugar confectionery increased for the second year in a row. In 2020, the country exported 18 317 tonnes, showing a moderate 7.0% rise from the previous year. However, from 2017 to 2020, exports overall decreased by 15.5%, equivalent to an annualized rate of -5.5%. The lowest export volume was in 2018 at 16 078 tonnes, which experienced the largest decline of 25.9%.

Annual dynamics of product's exports from Argentina in kind, 2017-2020, t

From 2017 to 2020, the United States, Chile, and Paraguay were the core destinations for Argentina's cocoa-free sugar confectionery exports in volume terms. The United States accounted for 31.2% of exports, Chile for 24.4%, and Paraguay for 11.9%, together making up 67.5% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Argentina in kind, 2017-2020

Exports in value, K $ US

In 2020, Argentina's cocoa-free sugar confectionery exports amounted to 32.831 million US dollars, indicating a slight loss of 1.6% from the previous year. Over the 2017-2020 period, exports decreased by 27.9%, with a compound annual growth rate of -10.3%. The largest decline was in 2018 at 27.4%, while the biggest increase was in 2019 at 0.9%.

Annual dynamics of product's exports from Argentina in value, 2017-2020, K $ US

From 2017 to 2020, Chile, the United States, and Paraguay were the main destinations for Argentina's cocoa-free sugar confectionery exports in value terms. Chile accounted for 25.4% of exports, the United States for 22.2%, and Paraguay for 13.7%, together absorbing 61.2% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Argentina in value, 2017-2020

Imports cocoa-free sugar confectionery to Argentina

Imports in kind, t

Argentina's imports of cocoa-free sugar confectionery declined for the third consecutive year. In 2020, the country imported 5 913 tonnes, a decrease of 28.2% compared to the previous year. Between 2017 and 2020, imports fell by 52.9%, equating to an annualized rate of -22.2%.

Annual dynamics of product's imports to Argentina in kind, 2017-2020, t

From 2017 to 2020, Brazil, Mexico, and Ecuador were the primary suppliers of cocoa-free sugar confectionery to Argentina in volume terms. Brazil accounted for 65.6% of imports, Mexico for 12.1%, and Ecuador for 7.0%, jointly representing 84.7% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Argentina in kind, 2017-2020

Imports in value, K $ US

Argentina's imports of cocoa-free sugar confectionery declined for the third year in a row. In 2020, imports reached 14.649 million US dollars, representing a steep 29.0% drop compared to 2019. Over the 2017-2020 period, imports decreased by 54.9%, with a compound annual growth rate of -23.3%.

Annual dynamics of product's imports to Argentina in value, 2017-2020, K $ US

Throughout 2017 to 2020, Brazil, Ecuador, and Mexico remained the key sources for Argentina's cocoa-free sugar confectionery imports in value terms. Brazil accounted for 48.7% of imports, Ecuador for 16.3%, and Mexico for 11.4%, together taking 76.5% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Argentina in value, 2017-2020