EU: Chocolate Market 2024

Chocolate Market Size in the EU

The EU chocolate market rose rapidly to $X in 2023, growing by X% against the previous year. The total consumption indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2017 indices. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Chocolate Production in the EU

In value terms, chocolate production reduced modestly to $X in 2023 estimated in export price. The total production indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2022, and then contracted in the following year.

Chocolate Exports

Exports in the EU

In 2023, the amount of chocolate and other food preparations containing cocoa exported in the European Union declined to X tons, dropping by X% against the previous year's figure. Total exports indicated notable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, chocolate exports surged to $X in 2023. Total exports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

Exports by Country

Belgium represented the major exporter of chocolate and other food preparations containing cocoa in the European Union, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by Germany (X tons), France (X tons), Italy (X tons), the Netherlands (X tons) and Poland (X tons), together mixing up a X% share of total exports. Spain (X tons) followed a long way behind the leaders.

Exports from Belgium increased at an average annual rate of X% from 2012 to 2023. At the same time, Poland (X%), Spain (X%), Italy (X%), Germany (X%), the Netherlands (X%) and France (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. Poland (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total exports, while France and Belgium saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest chocolate supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

In Belgium, chocolate exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Germany (X% per year) and France (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in France ($X per ton) and Belgium ($X per ton), while Spain ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Chocolate Imports

Imports in the EU

In 2023, supplies from abroad of chocolate and other food preparations containing cocoa decreased by X% to X tons for the first time since 2017, thus ending a five-year rising trend. Total imports indicated notable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2022, and then contracted in the following year.

In value terms, chocolate imports skyrocketed to $X in 2023. Total imports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons) and Germany (X tons) represented the main importers of chocolate and other food preparations containing cocoa in 2023, accounting for near X% and X% of total imports, respectively. It was distantly followed by Belgium (X tons), Poland (X tons), the Netherlands (X tons) and Spain (X tons), together creating a X% share of total imports. Italy (X tons), the Czech Republic (X tons) and Hungary (X tons) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Poland, the Netherlands, Italy, Spain, the Czech Republic and Hungary lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Italy ($X per ton) and Germany ($X per ton), while Spain ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform