Switzerland: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Switzerland

In 2022, the Swiss chocolate and confectionery market decreased by -14.3% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate a resilient increase. Chocolate and confectionery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Chocolate And Confectionery Production in Switzerland

In value terms, chocolate and confectionery production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 52% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports from Switzerland

In 2022, the amount of chocolate and confectionery exported from Switzerland expanded rapidly to X tons, picking up by 9.9% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 16%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, chocolate and confectionery exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for chocolate and confectionery exports from Switzerland, with a 25% share of total exports. Moreover, chocolate and confectionery exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by Canada (X tons), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+5.3% per year) and Canada (+6.0% per year).

In value terms, Germany ($X) remains the key foreign market for chocolate and confectionery exports from Switzerland, comprising 23% of total exports. The second position in the ranking was held by France ($X), with a 9.9% share of total exports. It was followed by Canada, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.9% per year) and Canada (+4.8% per year).

Export Prices by Country

In 2022, the average chocolate and confectionery export price amounted to $X per ton, with a decrease of -6.1% against the previous year. Overall, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 5.2% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 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 Austria ($X per ton), while the average price for exports to Italy ($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 (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Switzerland

In 2022, imports of chocolate and confectionery into Switzerland amounted to X tons, increasing by 4.5% against 2021 figures. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, chocolate and confectionery imports fell to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 with an increase of 26%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of chocolate and confectionery imports to Switzerland, together accounting for 76% of total imports. Belgium, Italy, Malaysia, Spain and Austria lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +33.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate and confectionery suppliers to Switzerland were Germany ($X), the Netherlands ($X) and France ($X), with a combined 73% share of total imports. Belgium, Italy, Malaysia, Austria and Spain lagged somewhat behind, together comprising a further 18%.

Malaysia, with a CAGR of +30.6%, recorded the highest growth rate of 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

In 2022, the average chocolate and confectionery import price amounted to $X per ton, which is down by -12% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 26% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Spain ($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 (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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