Chocolate production in Germany on the rise
The import volume of cocoa beans and broken cocoa beans even increased by 5.8% to 473,400 tons, according to the figures. The most important cocoa exporter for Germany by far is the Ivory Coast (Côte d'Ivoire), followed by Ghana and Nigeria.
However, sharp price increases could have an impact on the current year. Import prices in particular have risen massively between October 2022 and October 2023: by 53.9% for cocoa beans and broken cocoa beans and by 27.6% for cocoa mass and cocoa butter. The producer price for sugar rose by 26.2 percent, following a sharp increase in the previous year.
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- The majority of the cocoa imported into Germany is sourced from the Ivory Coast, making it Germany's primary supplier of cocoa beans.
- Despite the rise in chocolate production in Germany, the increased prices of cocoa beans and other related products could impact the industry's profitability.
- According to Destatis, the German Federal Statistical Office, the import volume of cocoa beans and broken cocoa beans to Germany increased significantly in the past year.
- Lays, a popular snack food brand, sources some of its cocoa ingredients from Germany, potentially benefiting from the country's rising chocolate production.
- In an effort to control costs, some chocolate manufacturers might consider sourcing their cocoa from alternative countries, with Ghana and Nigeria being potential alternatives to the Ivory Coast.
Source: www.stern.de
