Germany: Chocolate Market 2024

Chocolate Market Size in Germany

The German chocolate market fell to $X in 2022, dropping by -1.9% against the previous year. Overall, consumption, however, recorded a mild decrease. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Chocolate Production in Germany

In value terms, chocolate production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 10%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Chocolate Exports

Exports from Germany

In 2022, exports of chocolate and cocoa products from Germany expanded sharply to X tons, surging by 5.8% compared with 2021 figures. The total export volume increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of 7.4% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, chocolate exports rose to $X in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 11% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

France (X tons), Poland (X tons) and the UK (X tons) were the main destinations of chocolate exports from Germany, together comprising 31% of total exports. Belgium, the Netherlands, Austria, Italy, Spain, Romania, the United States, Russia, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +8.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate exported from Germany were France ($X), Poland ($X) and the UK ($X), together comprising 27% of total exports. The Netherlands, Austria, Belgium, Italy, the United States, Russia, Spain, Romania, the Czech Republic and Hungary lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, Romania, with a CAGR of +10.0%, 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

In 2022, the average chocolate export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 5.1% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 Russia (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into Germany

In 2022, the amount of chocolate and cocoa products imported into Germany reached X tons, growing by 2.2% on the year before. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 10% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, chocolate imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 17%. As a result, imports reached the peak of $X; afterwards, it flattened through to 2022.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of chocolate imports to Germany, together comprising 52% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +16.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Poland ($X) and Switzerland ($X) appeared to be the largest chocolate suppliers to Germany, together accounting for 52% of total imports.

Poland, with a CAGR of +13.9%, recorded the highest rates of growth with regard to the value of imports, among 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 -2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for France ($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 (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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