Switzerland: Chocolate Market 2024

Chocolate Market Size in Switzerland

The Swiss chocolate market fell to $X in 2022, with a decrease of -8.4% against the previous year. Overall, consumption, however, showed a resilient increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Chocolate Production in Switzerland

In value terms, chocolate production fell modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -12.8% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 54% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Chocolate Exports

Exports from Switzerland

In 2022, shipments abroad of chocolate and other food preparations containing cocoa increased by 27% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, chocolate exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and Saudi Arabia (X tons) were the main destinations of chocolate exports from Switzerland, together comprising 53% of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +23.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate exported from Switzerland were the United States ($X), Germany ($X) and Saudi Arabia ($X), with a combined 48% share of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +16.9%, 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

The average chocolate export price stood at $X per ton in 2022, falling by -7.4% against the previous year. Over the period under review, the export price showed a mild downturn. The growth pace was the most rapid in 2014 an increase of 8.9%. As a result, the export price reached the peak level of $X per ton. From 2015 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 Austria ($X per ton), while the average price for exports to Saudi Arabia ($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 (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into Switzerland

Chocolate imports into Switzerland skyrocketed to X tons in 2022, increasing by 22% compared with 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 57%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, chocolate imports skyrocketed to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.5% against 2017 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of chocolate to Switzerland, with a 65% share of total imports. Moreover, chocolate imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. France (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.5% per year) and France (+1.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of chocolate and other food preparations containing cocoa to Switzerland, comprising 52% of total imports. The second position in the ranking was taken by France ($X), with a 17% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.9% per year) and Germany (-2.0% per year).

Import Prices by Country

The average chocolate import price stood at $X per ton in 2022, falling by -5.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 15% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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