Switzerland: Chocolate Market 2024

Chocolate Market Size in Switzerland

After two years of growth, the Swiss chocolate market decreased by -15.9% to $X in 2022. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +22.8% against 2019 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Chocolate Production in Switzerland

In value terms, chocolate production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% 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 2016 with an increase of 44% against the previous year. Chocolate production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Chocolate Exports

Exports from Switzerland

Chocolate exports from Switzerland reached X tons in 2022, with an increase of 11% compared with the previous year. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 16% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, chocolate exports rose slightly to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for chocolate exports from Switzerland, accounting for a 21% share of total exports. Moreover, chocolate exports to Germany exceeded the volume sent to the second major destination, Canada (X tons), twofold. France (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+6.1% per year) and France (+2.8% per year).

In value terms, the largest markets for chocolate exported from Switzerland were Germany ($X), France ($X) and Canada ($X), with a combined 39% share of total exports. The United States, the UK, China, Spain, Belgium, Italy, Australia, Austria, the Netherlands and Sweden lagged somewhat behind, together accounting for a further 38%.

China, with a CAGR of +18.5%, recorded the highest rates of growth with regard to 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

In 2022, the average chocolate export price amounted to $X per ton, waning by -6.9% against the previous year. Overall, the export price recorded a mild descent. The growth pace was the most rapid in 2014 when the average export price increased by 6.6% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Spain ($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 China (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into Switzerland

In 2022, the amount of chocolate and cocoa products imported into Switzerland amounted to X tons, approximately equating the previous year. Over the period under review, imports continue to indicate a slight increase. The pace of growth was the most pronounced in 2021 when imports increased by 113% against the previous year. Over the period under review, imports hit record highs 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 in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. As a result, imports reached the peak of $X, and then dropped slightly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of chocolate to Switzerland, accounting for a 42% share of total imports. Moreover, chocolate imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.4% per year) and the Netherlands (+0.8% per year).

In value terms, Germany ($X) constituted the largest supplier of chocolate and cocoa products to Switzerland, comprising 48% of total imports. The second position in the ranking was held by France ($X), with a 10% share of total imports. It was followed by Italy, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.4% per year) and Italy (+3.4% per year).

Import Prices by Country

In 2022, the average chocolate import price amounted to $X per ton, dropping by -5.7% against the previous year. In general, the import price, however, continues to indicate mild growth. The growth pace was the most rapid in 2016 when the average import price increased by 84%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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