France: Chocolate Market 2024

Chocolate Market Size in France

In 2022, the French chocolate market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Chocolate consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Chocolate Production in France

In value terms, chocolate production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible contraction. Chocolate production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Chocolate Exports

Exports from France

In 2022, shipments abroad of chocolate and cocoa products decreased by -5% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. As a result, the exports attained the peak of X tons, and then contracted modestly in the following year.

In value terms, chocolate exports reduced to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of chocolate exports from France, together accounting for 45% of total exports. Spain, the Netherlands, Italy, Poland, the United States, Switzerland and Portugal lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +16.2%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Belgium ($X) and Germany ($X) constituted the largest markets for chocolate exported from France worldwide, together accounting for 40% of total exports. Spain, the Netherlands, Italy, the United States, Poland, Switzerland and Portugal lagged somewhat behind, together comprising a further 36%.

Among the main countries of destination, Poland, with a CAGR of +13.9%, saw 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.

Export Prices by Country

The average chocolate export price stood at $X per ton in 2022, dropping by -1.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 24%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($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 Italy (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into France

For the fifth consecutive year, France recorded growth in purchases abroad of chocolate and cocoa products, which increased by 0.4% to X tons in 2022. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 17%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, chocolate imports reduced to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 14%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of chocolate imports to France, together accounting for 63% of total imports. The Netherlands, Cote d'Ivoire, Spain, the UK and Switzerland lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +9.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate suppliers to France were Belgium ($X), Germany ($X) and Italy ($X), with a combined 62% share of total imports. The Netherlands, Spain, the UK, Cote d'Ivoire and Switzerland lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, Cote d'Ivoire, with a CAGR of +8.3%, recorded the highest rates of growth with regard to the value of imports, 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, falling by -5.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 7.2% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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