The world's high consumption of chocolate increases the export competition of the producing countries

The world's consumption rates of chocolate products of all kinds are increasing day after day, which led to a noticeable increase in the prices of chocolate of all kinds and sizes for several reasons, including the high costs of chocolate products and raw materials due to global geopolitical events and the high production components, which sparked the competition of chocolate-producing countries in the acquisition of global markets Germany's chocolate exports amounted to $5 billion. With the start of Christmas and New Year's celebrations for the year 2023, chocolate is among the main gifts on all occasions, so many stores have resorted to making discounts ranging from 20% to 40%, according to the type and size of chocolate. And the type of store that sells those products and their locations. Economic data showed an increase in Egypt’s chocolate exports by more than $160 million in 2022, while data from the Export Council for Food Industries indicated that Egypt succeeded in ...