Chocolate Market

Chocolate market: get the most recent datasets enhanced by an Ai-driven market research platform. Data provide imports, trade, market prices, exports, companies, production, consumption, and market size. There is a breakdown by region, including the U.S., China, the U.K., the Middle East, Africa, Latin America, Russia, and EU. Market insights and outlook to 2030 are also provided in the dashboards.


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Chocolate - World's Largest Markets

RatingCountry
1China
2United States
3Germany
4Pakistan
5Nigeria

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Germany.

In China, the chocolate market remained relatively stable over the period from 2018-2020. In the other countries, the average annual rates were as follows: the United States (-2.3% per year) and Germany (+0.7% per year).

Chocolate Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Russia311930292468-11.0%
Turkey2764279128090.8%
Mexico3372331636293.7%
Spain457239274029-6.1%
Canada3925412340781.9%
France493643734279-6.9%
Netherlands471246104511-2.2%
Belgium513743684847-2.9%
United States505651094983-0.7%
Poland4759488050392.9%
Germany574355565394-3.1%
United Kingdom557151865415-1.4%
Italy641360876135-2.2%
Average483546294610-2.4%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Italy ($6,135 per ton), while Russia ($2,468 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Italy5009509550490.4%
Germany522648674959-2.6%
Canada502548604910-1.2%
Netherlands4724460448391.2%
France491947134764-1.6%
United Kingdom474946494575-1.8%
China529847714503-7.8%
United States4396427444851.0%
Spain4251424143821.5%
Russia450645524327-2.0%
Poland424341134133-1.3%
Belgium426340784130-1.6%
Japan3417347234580.6%
Average470645744634-0.8%

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Italy ($5,049 per ton) and Germany ($4,959 per ton), while Japan ($3,458 per ton) and Belgium ($4,130 per ton) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Chocolate - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States2.732.92.5%
Germany2.62.52.4-2.7%
United Kingdom2.12.12.33.0%
France2.22.22.2-0.2%
Netherlands1.31.31.41.3%

In value terms, the largest chocolate importing markets worldwide were the United States ($2.9B), Germany ($2.4B) and the UK ($2.3B), with a combined 26% share of global imports. These countries were followed by France, the Netherlands, Belgium, Poland, Canada, Spain, Italy, Japan, Russia and China, which together accounted for a further 33%.

Belgium recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Chocolate - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Germany5.25.24.9-3.0%
Belgium3.22.53.1-0.4%
Poland1.71.82.110.1%
Italy2.12.12.10.4%
Netherlands221.9-3.9%

In value terms, Germany ($4.9B), Belgium ($3.1B) and Poland ($2.1B) constituted the countries with the highest levels of exports in 2020, with a combined 35% share of global exports.

Poland recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Chocolate - Market Forecast

Driven by increasing demand for chocolate worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Chocolate - Product Coverage

  • HS 1806 - Chocolate and other food preparations containing cocoa
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World - Chocolate and Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global chocolate market.

South-Eastern Asia - Chocolate and Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the chocolate market in South-Eastern Asia.

Eastern Asia - Chocolate and Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the chocolate market in Eastern Asia.

Latin America and the Caribbean - Chocolate and Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the chocolate market in Latin America and the Caribbean.

Central Asia - Chocolate and Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the chocolate market in Central Asia.

Australia and Oceania - Chocolate and Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the chocolate market in Australia and Oceania.

Southern Asia - Chocolate and Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the chocolate market in Southern Asia.

Middle East - Chocolate and Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the chocolate market in the Middle East.

Northern America - Chocolate and Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the chocolate market in Northern America.

Africa - Chocolate and Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the chocolate market in Africa.

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