"Bitter reality": chocolate makers decrease 30% exports

Published 2020년 7월 21일

Tridge summary

The Mexican chocolate industry is experiencing a significant decline in exports due to the pandemic, with a drop of 30.5% as of April 2020, according to the Internet Tariff Information System of the Ministry of Economy. This decline is attributed to the pandemic-related closure of department stores and entertainment spaces, and a 7.1% drop in confectionery chocolate sales in April compared to the same period in 2019, marking the lowest demand since registration in Mexico. The industry, which is the thirteenth largest producer of chocolate and cocoa in the world, primarily exports to the United States, Guatemala, and Chile. Experts predict a transformation in the industry's commercialization and consumer contact as a result of the pandemic.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

BRENDA GARZA. THE HORIZON. In addition, the sale in confectionery presentation in April, that is, in tablets, figures, with fruit, cereals and fillings was 3,425 tons, a 7.1% drop compared to the same period in 2019. MONTERREY, Nuevo León. Exports of prepared chocolate "melt" as they face a "bitter reality" because due to the pandemic, they report a drop of 30.5%, according to figures from the Internet Tariff Information System of the Ministry of Economy. On the other hand, this chocolate industry has been impacted by the closure of department stores such as Liverpool, Palacio de Hierro and Sears, and entertainment spaces such as cinemas, amusement parks, theaters and even concert halls, since derived from this brands like Ferrero, Nestlé, Picard, Mars and Turin have seen a brake on their sales. Among some other numbers, said system shows that in April, that is, when the suspension of some activities considered non-essential began, the sale of chocolate in its confectionery ...

Source: Inforural