Spain: Chocolate Market 2024

Chocolate Market Size in Spain

In 2022, after two years of growth, there was significant decline in the Spanish chocolate market, when its value decreased by X% to $X. Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Chocolate consumption peaked at $X in 2021, and then declined remarkably in the following year.

Chocolate Production in Spain

In value terms, chocolate production reached $X in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Chocolate production peaked in 2022 and is expected to retain growth in the immediate term.

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Chocolate Exports

Exports from Spain

In 2022, approx. X tons of chocolate and other food preparations containing cocoa were exported from Spain; picking up by X% on the previous year's figure. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, chocolate exports soared to $X in 2022. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), Belgium (X tons) and Portugal (X tons) were the main destinations of chocolate exports from Spain, with a combined X% share of total exports. The Netherlands, Germany, Italy, Poland, Greece and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Portugal ($X) and Belgium ($X) were the largest markets for chocolate exported from Spain worldwide, with a combined X% share of total exports. The Netherlands, Italy, Germany, Poland, Greece and the UK lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chocolate export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average 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.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into Spain

In 2022, approx. X tons of chocolate and other food preparations containing cocoa were imported into Spain; picking up by X% on the previous year's figure. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, chocolate imports shrank slightly to $X in 2022. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted modestly in the following year.

Imports by Country

Germany (X tons), France (X tons) and Belgium (X tons) were the main suppliers of chocolate imports to Spain, with a combined X% share of total imports. Italy, the Netherlands, Poland and Luxembourg lagged somewhat behind, together comprising a further X%.

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

In value terms, Belgium ($X), France ($X) and Germany ($X) appeared to be the largest chocolate suppliers to Spain, with a combined X% share of total imports. The Netherlands, Italy, Luxembourg and Poland lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chocolate import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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