Sale of confectionery grows 15%

The market of sugar confectionery and chewing gum in Brazil reached 353.6 1000 tonnes in 2015, compared with 307 1000 tons in the previous year, a growth of 15.2%. According to the Brazilian Association of the Industry of Chocolates, cocoa, peanuts, hard candies and derivatives (Abicab), this growth occurred because the industries held the price adjustment, according to the scenario of economic recession.
The Abicab does not disclose revenue busy data by industries of the year category. According to data from Euromonitor International, in 2015, the Brazilian confectionery and chewing gum grew 5.8% in revenue, to $ 4.01 billion.
As a result, manufacturers of confectionery and chewing gum reduced profit margins and now are faced with a scenario of higher costs and difficulties to readjust prices. Romualdo Silva, Vice President of export of Abicab, said raw materials have risen by around 20% over the last 12 months.
"The year of 2016 will be good for export because the exchange rate makes up for the increase in production costs, but there will be no growth. If you repeat the result from 2015 it''s too many, "said Silva.
The Brazilian market lost in sales volume to China (1.5 million tons), United States (1.1 million tons), Germany (419.1 1000 tons) and Russia (373.8 1000 tons). In revenue, is the third market, behind the us, with $ 14.2 billion and China with $ 13.5 billion.