Chocolate Market Overview in Germany
In value terms, chocolate production contracted to $ in 2019 estimated in export prices. Over the period under review, production, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2013 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2014 to 2019, production growth failed to regain the momentum.
The size of the chocolate market in Germany contracted to $ in 2019, dropping by -% against 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). Overall, consumption, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2013 with an increase of % y-o-y. As a result, consumption reached the peak level of $. From 2014 to 2019, the growth of the market failed to regain the momentum.