Market for Candy, Sweets, and Nonchocolate Confectionery in the United Kingdom
Market Overview
The UK market for candies, sweets, and nonchocolate confectionery reached $
in , therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Candy, sweets, and nonchocolate confectionery consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
In value terms, candy, sweets, and nonchocolate confectionery production fell to $ in estimated in export price. In general, production, however, showed a slight decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by %. Candy, sweets, and nonchocolate confectionery production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.
in , therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Candy, sweets, and nonchocolate confectionery consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.In value terms, candy, sweets, and nonchocolate confectionery production fell to $
in estimated in export price. In general, production, however, showed a slight decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by %. Candy, sweets, and nonchocolate confectionery production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.Consumption
In , approx. tons of candies, sweets, and nonchocolate confectionery were consumed in the UK; standing approx. at figures. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, consumption hit record highs in and is likely to see steady growth in the near future.
The revenue of the market for candies, sweets, and nonchocolate confectionery in the UK stood at $ in , remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
, approx. tons of candies, sweets, and nonchocolate confectionery were consumed in the UK; standing approx. at figures. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, consumption hit record highs in and is likely to see steady growth in the near future.The revenue of the market for candies, sweets, and nonchocolate confectionery in the UK stood at $
in , remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for candies, sweets, and nonchocolate confectionery in the UK, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
The UK remains a net importer of candy, sweets, and nonchocolate confectionery; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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