Chocolate Market Overview in Norway
In value terms, chocolate production declined to $ in 2019 estimated in export prices. In general, production saw a abrupt downturn. The pace of growth was the most pronounced in 2012 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2013 to 2019, production growth remained at a lower figure.
The value of the chocolate market in Norway expanded slightly to $ in 2019, surging 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, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2012 when the market value increased by % year-to-year. Chocolate consumption peaked at $ in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.