France: Chocolate Market 2024

Chocolate Market Size in France

After two years of growth, the French chocolate market decreased by -1.8% to $X in 2022. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Chocolate consumption peaked at $X in 2021, and then declined modestly in the following year.

Chocolate Production in France

In value terms, chocolate production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 36% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Chocolate Exports

Exports from France

In 2022, the amount of chocolate and other food preparations containing cocoa exported from France declined to X tons, waning by -6.4% on the previous year. The total export volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, chocolate exports fell to $X in 2022. The total export value increased at an average annual rate of +3.2% 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 2021 when exports increased by 35% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Belgium (X tons), Germany (X tons) and Spain (X tons) were the main destinations of chocolate exports from France, with a combined 54% share of total exports. Poland, the Netherlands, the UK, the United States, Italy, Japan and South Korea lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +19.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate exported from France were Belgium ($X), Germany ($X) and Spain ($X), with a combined 50% share of total exports. The UK, Poland, the Netherlands, the United States, Italy, Japan and South Korea lagged somewhat behind, together accounting for a further 36%.

Poland, with a CAGR of +17.6%, recorded the highest growth rate of the value of exports, in terms of 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

The average chocolate export price stood at $X per ton in 2022, which is down by -2.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Netherlands ($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 South Korea (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into France

In 2022, imports of chocolate and other food preparations containing cocoa into France rose slightly to X tons, with an increase of 4.3% on the year before. The total import volume increased at an average annual rate of +4.2% over the period 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 2021 when imports increased by 19% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, chocolate imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of +4.0% over the period 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 2021 when imports increased by 21%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of chocolate to France, with a 48% share of total imports. Moreover, chocolate imports from Belgium exceeded the figures recorded by the second-largest supplier, Cote d'Ivoire (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+20.4% per year) and Germany (-1.2% per year).

In value terms, Belgium ($X) constituted the largest supplier of chocolate and other food preparations containing cocoa to France, comprising 49% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 19% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+19.1% per year) and Germany (-0.9% per year).

Import Prices by Country

The average chocolate import price stood at $X per ton in 2022, shrinking by -4.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 9.4%. 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.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Cote d'Ivoire ($X per ton), while the price for the Netherlands ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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