Chocolate Market Overview in France
In value terms, chocolate production contracted to $ in 2019 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the production volume increased by % y-o-y. As a result, production attained the peak level of $. From 2009 to 2019, production growth failed to regain the momentum.
The value of the chocolate market in France reached $ in 2019, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2008 when the market value increased by % against the previous year. Chocolate consumption peaked in 2019 and is expected to retain growth in the immediate term.