Spain - Chocolate And Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChocolate Price in Spain - 2023
Contents:
- Chocolate Price in Spain (CIF) - 2023
- Chocolate Price in Spain (FOB) - 2023
- Chocolate Imports in Spain
- Chocolate Exports in Spain
Chocolate Price in Spain (CIF) - 2023
In June 2023, the average chocolate import price amounted to $3,889 per ton, surging by 59% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Portugal ($5,635 per ton), while the price for Germany ($3,126 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Chocolate Price in Spain (FOB) - 2023
In June 2023, the average chocolate export price amounted to $3,408 per ton, shrinking by -2.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in January 2023 an increase of 16% month-to-month. Over the period under review, the average export prices attained the maximum at $3,504 per ton in April 2023; however, from May 2023 to June 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In June 2023, the countries with the highest prices were Greece ($4,046 per ton) and Portugal ($3,569 per ton), while the average price for exports to France ($2,887 per ton) and the Netherlands ($3,067 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Chocolate Imports in Spain
In 2022, approx. 41K tons of chocolate and other food preparations containing cocoa were imported into Spain; growing by 6.9% against the previous year's figure. The total import volume increased at an average annual rate of +8.1% from 2019 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 with an increase of 20% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, chocolate imports contracted to $119M in 2022. The total import value increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports attained the peak of $122M, and then contracted modestly in the following year.
| Import of Chocolate in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 28.7 | 28.0 | 39.0 | 33.2 | 5.0% |
| France | 34.7 | 43.2 | 34.6 | 31.4 | -3.3% |
| Germany | 9.6 | 11.4 | 19.6 | 24.5 | 36.7% |
| Netherlands | 1.9 | 4.3 | 7.6 | 10.1 | 74.5% |
| Italy | 10.6 | 6.5 | 9.0 | 8.1 | -8.6% |
| Luxembourg | N/A | N/A | 3.4 | 3.2 | -5.9% |
| Poland | 0.8 | 0.7 | 1.6 | 2.5 | 46.2% |
| Others | 4.9 | 6.2 | 7.7 | 6.5 | 9.9% |
| Total | 91.2 | 100 | 122 | 119 | 9.3% |
Top Suppliers of Chocolate to Spain in 2022:
- France (11.7K tons)
- Germany (11.3K tons)
- Belgium (9.8K tons)
- Italy (2.4K tons)
- Netherlands (1.9K tons)
- Poland (1.3K tons)
- Luxembourg (1.0K tons)
Chocolate Exports in Spain
In 2022, chocolate exports from Spain surged to 49K tons, growing by 28% against the previous year. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, chocolate exports surged to $136M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Chocolate in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 20.7 | 23.1 | 32.4 | 32.8 | 16.6% |
| Portugal | 12.9 | 13.5 | 17.1 | 21.9 | 19.3% |
| Belgium | 9.7 | 9.3 | 9.0 | 21.5 | 30.4% |
| Netherlands | 2.8 | 1.4 | 1.9 | 8.9 | 47.0% |
| Italy | 5.8 | 4.2 | 7.3 | 8.8 | 14.9% |
| Germany | 1.3 | 1.4 | 2.8 | 8.1 | 84.0% |
| Poland | 4.3 | 3.0 | 4.6 | 4.8 | 3.7% |
| Czech Republic | 2.1 | 1.6 | 3.3 | 4.7 | 30.8% |
| Greece | 3.1 | 3.0 | 4.1 | 3.2 | 1.1% |
| United Kingdom | 6.3 | 7.0 | 2.1 | 1.9 | -32.9% |
| Others | 13.1 | 11.0 | 17.1 | 19.2 | 13.6% |
| Total | 82.1 | 78.5 | 102 | 136 | 18.3% |
Top Export Markets for Chocolate from Spain in 2022:
- France (12.7K tons)
- Portugal (7.5K tons)
- Belgium (7.5K tons)
- Netherlands (3.7K tons)
- Germany (3.2K tons)
- Italy (3.0K tons)
- Poland (2.4K tons)
- Czech Republic (2.1K tons)
- Greece (1.1K tons)
- United Kingdom (0.5K tons)
This report provides an in-depth analysis of the chocolate market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In February 2023, the chocolate price stood at $3,077 per ton (CIF, Spain), approximately equating the previous month.
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In May 2023, the price of Chocolate was $4,454 per ton (CIF, Spain), with a decrease of 11.5% compared to the previous month.
304
In March 2023, the chocolate bar with filling price stood at $4,351 per ton (CIF, Spain), leveling off at the previous month.
177
In January 2023, the price of chocolate and confectionery remained almost unchanged from the previous month, at $4,130 per ton (CIF, Spain).
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In May 2023, the price of Cocoa Powder With Sugar was $4,740 per ton (CIF, Spain), which was almost the same as the previous month.
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In February 2023, the growth pace was exceptionally fast, recording a 21% increase compared to the previous month. The export value of Cereal, Fruit or Nut Chocolate Bars also experienced significant growth, reaching $19M in September 2023.
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In September 2022, the chocolate bar price amounted to $5,417 per ton (FOB, Spain), stabilizing at the previous month.
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The chocolate industry is constantly changing and evolving. New trends are always emerging, and consumer behavior is always shifting.
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The global chocolate market steadily expands, rising to $156B in 2020. China, the U.S. and Germany are the largest chocolate consuming countries worldwide. Italy, the UK and Germany recorded the highest per capita consumption figures in 2020.
