News

The consumption of chocolate in Russia in 2020 decreased from 7 to 6 kg per capita

Chocolate
Russia
Published Mar 2, 2021

Tridge summary

At the same time, the production of chocolate products for export will continue to increase, and this sub-industry may become an example for other agricultural sectors % in 2020 - from 7 to 6 kg per capita per year.

Original content

In response to rising costs associated with currency fluctuations, chocolate makers have cut imports of their main ingredient, cocoa butter, and started switching to cheaper ingredients. This approach helps to maintain margins in the short term, analysts from the Center for Industry Expertise at Rosselkhozbank say. “The decline in chocolate consumption in 2020 is due to both a partial shift in demand to cheaper chocolate-containing sweets and to other, more nutritious food categories with flour and sugar,” said the head of the center, Andrey Dalnov. Ingredients such as cocoa butter or cocoa beans are not produced in Russia and are difficult to replace in traditional chocolate recipes. “Changes in exchange rates and, as a result, growth in the cost of chocolate products are forcing manufacturers to reduce the production of expensive types of natural chocolate in favor of more affordable types of products with less chocolate or replacing cocoa butter with alternative types,” ...
Source: Specagro
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