A Look at 2004 Numbers; Commerce Data Reported
U.S. Department of Commerce Census Bureau numbers released in late July confirm a strong business climate for the U.S. confectionery market, the National Confectioners Association reports.
|2004 Confectionery Industry Performance|
|Apparent Consumption $ (in billions)||% Change||Manufacturers Shipment Pounds (in billions)||% Change|
|Source: U.S. Department of Commerce/National Confectioners Association|
According to the annual 311D Report for 2004, confectionery manufacturer dollar sales (shipments plus imports less exports, termed apparent consumption) climbed 6.1 percent in 2004, reaching $17.8 billion. Apparent consumption pound sales increased by 1.7 percent to 7.3 billion pounds.
Domestic manufacturers’ shipments grew 5.9 percent in dollar sales, but were off slightly in pounds at -0.8%. Pound sales of imported candy and gum increased by 10.7 percent in 2004.
Apparent consumption chocolate candy dollar sales increased 5.6 percent in 2004, while non-chocolate candy sales, measured the same way, grew a strong 7.5 percent. Apparent consumption dollar sales for gum were up 4.9 percent. Pound shipments, based on apparent consumption, were respectively: chocolate candy, -0.1%; non-chocolate candy, + 4.6%; and gum, -1.5 percent.
Another Very Upscale Addition for Hershey
On the heels of its acquisition of premium chocolate maker Scharffen Berger, The Hershey Co. has acquired the assets of Joseph Schmidt Confections Inc., a chocolate maker noted for its artistic and innovative offerings.
According to Hershey, the combined purchase price for Scharffen Berger and Joseph Schmidt will be between between $46.6 million and $61.1 million.