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Italy - Chocolate And Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Italy - Chocolate And Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights

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May 25, 2023

Italy's Chocolate Price Increases Slightly to $6,238 per Ton After Two Consecutive Months of Growth

Italy Chocolate Export Price in February 2023

In February 2023, the chocolate price stood at $6,238 per ton (FOB, Italy), with an increase of 3.2% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 8.7% against the previous month. As a result, the export price reached the peak level of $6,240 per ton; afterwards, it flattened through to February 2023.

There were significant differences in the average prices for the major overseas markets. In February 2023, the country with the highest price was Portugal ($9,010 per ton), while the average price for exports to Belgium ($3,970 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Chocolate in Italy (USD per ton)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Portugal10,1006,5493,4533,5913,6263,6954,8007,3748,5168,7456,6399,9149,010
United Kingdom6,3226,5616,1975,4335,6285,9806,3436,2946,1976,9918,0507,5877,472
Spain6,8026,0834,6394,4314,4144,5255,4776,8666,8727,2105,9495,8077,339
Netherlands5,5216,0136,0996,3986,0145,7475,3325,3965,1084,8706,3076,1356,519
Canada6,4506,2136,0335,6886,2177,2056,7627,0346,5767,7856,9376,6206,262
Austria5,3484,6794,4764,4904,7104,0994,9245,4224,9465,5546,6115,7705,955
France6,1155,0924,8774,2784,1864,3616,2697,1506,6546,2864,8705,1945,921
Poland5,8505,1724,5684,6234,2774,5144,6784,3094,6664,3694,5954,9225,843
Saudi Arabia5,7185,3525,8285,1874,9195,5434,9985,5374,9865,3356,6586,5005,659
Israel5,9347,0696,8396,5827,2555,6596,8946,0456,3396,6356,6476,2495,630
Germany6,0635,9416,6124,8864,8294,7754,6595,4215,8835,6195,6735,8295,536
Russia4,7526,2353,2993,4423,4863,3024,2745,7065,9625,1586,0985,8224,680
Belgium3,7923,6903,9794,1493,6583,3293,4213,9033,9133,9954,3933,9193,970
Average6,0005,6315,3555,0675,2885,4115,7396,2406,2326,1696,0426,0466,238

Italy Chocolate Exports

In February 2023, overseas shipments of chocolate and cocoa products decreased by -5.5% to 33K tons, falling for the fifth month in a row after five months of growth. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 with an increase of 24% month-to-month. As a result, the exports attained the peak of 48K tons. From October 2022 to February 2023, the growth of the exports failed to regain momentum.

In value terms, chocolate exports shrank to $203M (IndexBox estimates) in February 2023. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when exports increased by 35% month-to-month. As a result, the exports attained the peak of $299M. From October 2022 to February 2023, the growth of the exports remained at a somewhat lower figure.

Italy Chocolate Exports by Country

France (5.4K tons), Germany (4.3K tons) and Belgium (2.1K tons) were the main destinations of chocolate exports from Italy, together accounting for 36% of total exports. These countries were followed by the UK, Poland, Canada, Spain, Russia, Israel, Saudi Arabia, the Netherlands, Austria and Portugal, which together accounted for a further 33%.

From February 2022 to February 2023, the biggest increases were in Israel (with a CAGR of +7.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate exported from Italy were France ($32M), Germany ($24M) and the UK ($13M), with a combined 34% share of total exports. Poland, Belgium, Spain, Canada, Israel, Saudi Arabia, Portugal, the Netherlands, Russia and Austria lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, Israel, with a CAGR of +6.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the chocolate market in Italy. 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 10821400 - Cocoa powder, containing added sugar or other sweetening matter
  • 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
  • Prodcom 10822150 - Chocolate milk crumb containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
  • Prodcom 10822170 - Chocolate flavour coating containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
  • Prodcom 10822190 - Food preparations containing <18 % of cocoa butter and in packings weighing > 2 kg (excluding chocolate flavour coating, chocolate milk crumb)
  • Prodcom 10822233 - Filled chocolate blocks, slabs or bars consisting of a centre (including of cream, liqueur or fruit paste, excluding chocolate biscuits)
  • Prodcom 10822235 - Chocolate blocks, slabs or bars with added cereal, fruit or nuts (excluding filled, chocolate biscuits)
  • Prodcom 10822239 - Chocolate blocks, slabs or bars (excluding filled, with added cereal, fruit or nuts, chocolate biscuits)
  • Prodcom 10822243 - Chocolates (including pralines) containing alcohol (excluding in blocks, slabs or bars)
  • Prodcom 10822245 - Chocolates (excluding those containing alcohol, in blocks, s labs or bars)
  • Prodcom 10822253 - Filled chocolate confectionery (excluding in blocks, slabs or bars, chocolate biscuits, chocolates)
  • Prodcom 10822255 - Chocolate confectionery (excluding filled, in blocks, slabs or bars, chocolate biscuits, chocolates)
  • Prodcom 10822260 - Sugar confectionery and substitutes therefor made from sugar substitution products, containing cocoa (including chocolate nougat) (excluding white chocolate)
  • Prodcom 10822270 - Chocolate spreads
  • Prodcom 10822280 - Preparations containing cocoa for making beverages
  • Prodcom 10822290 - Food products with cocoa (excluding cocoa paste, butter, p owder, blocks, slabs, bars, liquid, paste, powder, granular, o ther bulk form in packings > 2 kg, to make beverages, c hocolate spreads)

Country coverage:

  • Italy

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Italy
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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