Europe: Chocolate Market 2024

Chocolate Market Size in Europe

The Europe chocolate market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Chocolate Production in Europe

In value terms, chocolate production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Chocolate Exports

Exports in Europe

In 2022, exports of chocolate and cocoa products in Europe amounted to X tons, approximately equating the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, chocolate exports dropped to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined modestly in the following year.

Exports by Country

In 2022, Germany (X tons), Belgium (X tons), the Netherlands (X tons), Poland (X tons), Italy (X tons) and France (X tons) represented the key exporter of chocolate and cocoa products in Europe, making up X% of total export. Russia (X tons), the UK (X tons), Spain (X tons), Switzerland (X tons), Austria (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate supplying countries in Europe were Germany ($X), Belgium ($X) and Italy ($X), with a combined X% share of total exports. Poland, the Netherlands, France, the UK, Switzerland, Spain, Russia, Austria and Sweden lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Chocolate Imports

Imports in Europe

For the seventh year in a row, Europe recorded growth in purchases abroad of chocolate and cocoa products, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, chocolate imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

France (X tons), the UK (X tons), Germany (X tons), the Netherlands (X tons), Belgium (X tons), Poland (X tons), Russia (X tons), Spain (X tons), Italy (X tons), Sweden (X tons), the Czech Republic (X tons) and Romania (X tons) represented roughly X% of total imports in 2022. Austria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate importing markets in Europe were the UK ($X), Germany ($X) and France ($X), with a combined X% share of total imports. The Netherlands, Russia, Belgium, Poland, Spain, Italy, Sweden, Austria, the Czech Republic and Romania lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Russia ($X per ton) and Austria ($X per ton), while Belgium ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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