Spain: Chocolate Market 2024

Chocolate Market Size in Spain

In 2022, the Spanish chocolate market decreased by -22.4% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Chocolate consumption peaked at $X in 2021, and then dropped dramatically in the following year.

Chocolate Production in Spain

In value terms, chocolate production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +96.3% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of 31% against the previous year. Chocolate production peaked at $X in 2021, and then reduced in the following year.

Chocolate Exports

Exports from Spain

In 2022, exports of chocolate and other food preparations containing cocoa from Spain skyrocketed to X tons, increasing by 28% on the previous year's figure. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 42%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, chocolate exports skyrocketed to $X in 2022. Overall, exports recorded a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by 46%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X tons), Belgium (X tons) and Portugal (X tons) were the main destinations of chocolate exports from Spain, together comprising 57% of total exports. These countries were followed by the Netherlands, Germany, Italy, Poland, Greece and the UK, which together accounted for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +41.8%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Portugal ($X) and Belgium ($X) appeared to be the largest markets for chocolate exported from Spain worldwide, together comprising 56% of total exports. The Netherlands, Italy, Germany, Poland, Greece and the UK lagged somewhat behind, together accounting for a further 26%.

Among the main countries of destination, the Netherlands, with a CAGR of +38.0%, recorded the highest growth rate of 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, growing by 4.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 14%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($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 the UK (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into Spain

In 2022, approx. X tons of chocolate and other food preparations containing cocoa were imported into Spain; growing by 6.9% against the previous year. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 43%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, chocolate imports reduced to $X in 2022. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

France (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of chocolate imports to Spain, together comprising 80% of total imports. These countries were followed by Italy, the Netherlands, Poland and Luxembourg, which together accounted for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +33.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate suppliers to Spain were Belgium ($X), France ($X) and Germany ($X), with a combined 75% share of total imports. The Netherlands, Italy, Luxembourg and Poland lagged somewhat behind, together accounting for a further 20%.

The Netherlands, with a CAGR of +26.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average chocolate import price amounted to $X per ton, shrinking by -8.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 12%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($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 (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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