Benelux: Chocolate Market 2024

Chocolate Market Size in Benelux

The Benelux chocolate market amounted to $X in 2022, increasing by 9.6% against the previous year. The market value increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Chocolate Production in Benelux

In value terms, chocolate production stood at $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 9.3% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Chocolate Exports

Exports in Benelux

After six years of growth, overseas shipments of chocolate and cocoa products decreased by -6.3% to X tons in 2022. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 13% against the previous year. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, chocolate exports shrank to $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 15%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Belgium (X tons) and the Netherlands (X tons) represented roughly 100% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +2.9%).

In value terms, the largest chocolate supplying countries in Benelux were Belgium ($X) and the Netherlands ($X).

In terms of the main exporting countries, the Netherlands, with a CAGR of +3.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, declining by -5.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 9.2% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.1%).

Chocolate Imports

Imports in Benelux

In 2022, after six years of growth, there was decline in overseas purchases of chocolate and cocoa products, when their volume decreased by -1.1% to X tons. The total import volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18%. The volume of import peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, chocolate imports declined to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.5% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 19% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

The Netherlands was the largest importer of chocolate and cocoa products in Benelux, with the volume of imports recording X tons, which was near 62% of total imports in 2022. It was distantly followed by Belgium (X tons), mixing up a 37% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +5.7%).

In value terms, the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of imports in 2022.

In terms of the main importing countries, the Netherlands, with a CAGR of +5.8%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, falling by -7.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 7.1%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.7%).

Source: IndexBox Platform