Russia becomes the 11th largest chocolate exporter in the world

Published Nov 30, 2023

Tridge summary

Germany remains the global leader in chocolate exports, estimated to reach a value of US$3.84 billion in 2023, followed by Belgium, the Netherlands, and Poland. Russia has risen to 11th place with chocolate exports reaching US$535 million in the first nine months of 2023. The increase in cocoa prices in mid-November 2023 is attributed to poor harvests in West Africa, causing a shortage of cocoa raw materials worldwide.

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

Original content

Russian Sputnik News Agency, Moscow, November 29th. Sputnik News Agency calculated based on data from the United Nations Commodity Trade Statistics Database (Comtrade) and the Russian Confectionery Industry Enterprise Association (ASKOND) that in the first nine months of 2023, Germany will still be the global leader in chocolate exports, with sales with a value of US$3.84 billion, while Russia rose to 11th place with US$535 million. In 2023, the main exporters of cocoa products are EU member states. Topping the list is Germany, with exports of chocolate products reaching US$3.84 billion in 2023, a year-on-year increase of 13%. Belgium ranked second, with exports increasing by 1 %, reaching US$1.77 billion. The Netherlands pushed Poland out of third place, with exports increasing by 18% year-on-year, reaching US$1.66 billion. Polish chocolate exports, which ranked fourth, increased by 10% year-on-year to US$1.63 billion. Canada and Italy followed, with exports of US$1.33 ...

Source: Foodmate