Chocolate confectionery is expected to record robust growth in retail volume and current value terms throughout the forecast period. With inflation now stabilising and the outlook for Azerbaijan’s economy remaining generally positive, sales should be bolstered by further improvements in confidence and rising disposable incomes among consumers.
While cost-of-living pressures should continue to ease in the short-to-medium term, many Azerbaijanis are likely to maintain cautious attitudes to discretionary spending during the early years of the forecast period after having experienced a drop in purchasing power due to the recent spike in inflation. This should create opportunities for cheaper brands to strengthen their presence in chocolate confectionery.
Chocolate with toys is predicted to be among the better performing categories within chocolate confectionery in retail volume growth terms over the forecast period. Given that such products are typically purchased for children, it will remain a major beneficiary of the relatively high birth rate in Azerbaijan.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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Chocolate Confectionery
This is the aggregation of tablets, countlines, chocolate pouches and bags, boxed assortments, seasonal chocolate, chocolate with toys, and other chocolate confectionery. Nuts and fruits covered in chocolate are included in this category. Note that chocolate overtly positioned for baking/cooking purposes is excluded from Euromonitor International's confectionery coverage.
See All of Our DefinitionsThis report originates from Passport, our Chocolate Confectionery research and analysis database.
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