Chocolate bars market in Greece

Earlier Report Observations

From 2018 to 2020, the physical volume of the chocolate bar market in Greece contracted from 18 608 t to 17 816 t. Over the same period, the market's value in monetary terms rose from 134.3 million US dollars to 137.1 million US dollars. Domestic production saw a slight reduction, imports remained largely stable, while exports grew consistently.

In the following years through 2024, import volumes fluctuated, peaking at 10 799 t in 2022 before receding to 9 237 t in 2024. Exports continued their upward trajectory, reaching 3 428 t in 2024. The value of both imports and exports increased substantially, with imports reaching 64.5 million US dollars and exports hitting 28.0 million US dollars by the end of the period.

Production chocolate bars in Greece

In value, 2017-2020, M $ US

Greece's chocolate bar production has increased for the third consecutive year. In 2020, the output of chocolate bars in Greece was valued at 112.1 million US dollars, marking a 3.5% rise compared to 2019. Over the period from 2017 to 2020, production grew by 9.3%, with a compound annual growth rate of 3.0%.

Annual dynamics of production in Greece in value, 2017-2020, M $ US

In kind, 2017-2020, t

After a two-year decline, Greece's chocolate bar production has rebounded. In 2020, Greece produced 11 524 tonnes of chocolate bars, reflecting a 1.2% increase from 2019. Between 2017 and 2020, production decreased by 8.4%, equating to an annualized rate of 2.9%. The lowest production level was recorded in 2019 at 11 392 tonnes, while the largest decline occurred in 2018 with a 5.8% drop.

Annual dynamics of production in Greece in kind, 2017-2020, t

Exports chocolate bars from Greece

Exports in kind, t

Greece's volume of chocolate bar exports has increased for the third consecutive year. In 2020, Greece exported 2 682 tonnes of chocolate bars, showing a moderate advance of 8.1% compared to the previous year. Over the period from 2017 to 2020, exports grew by 30.5%, with a compound annual growth rate of 9.3%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, t

The country composition of Greece's chocolate bar exports in kind from 2017 to 2020 was dispersed. Bulgaria accounted for 23.7% of exports in kind, Cyprus for 16.2%, and Albania for 9.9%, together forming just 49.8% of total flows. The remaining 50.2% was distributed among a wide range of other destinations.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

Chocolate bar exports from Greece have increased in value for the third consecutive year. In 2020, Greece exported 15.346 million US dollars worth of chocolate bars, reflecting a robust rise of 22.8% versus the previous year. Between 2017 and 2020, exports increased by 42.3%, equating to an annualized rate of 12.5%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

From 2017 to 2020, three principal markets—Cyprus, Bulgaria, and Albania—together accounted for 52.4% of the total value of chocolate bar exports from Greece.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports chocolate bars to Greece

Imports in kind, t

The volume of chocolate bar imports into Greece has declined for the third consecutive year. In 2020, Greece imported a total of 2 682 tonnes of chocolate bars, remaining broadly stable compared to the previous year. Between 2017 and 2020, imports decreased by 5.8%, equating to an annualized rate of 2.0%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, t

From 2017 to 2020, Germany, Spain, and Italy were the main sources of chocolate bar imports in kind to Greece. Germany accounted for 44.3% of imports in kind, Spain for 11.0%, and Italy for 10.7%, together making up 66.0% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

After a two-year advance, Greece's chocolate bar imports in value have declined. In 2020, Greece imported 40.289 million US dollars worth of chocolate bars, showing a slight decline of 1.0% compared to the previous year. Between 2017 and 2020, imports increased by 5.9%, equating to an annualized rate of 1.9%. The highest value was recorded in 2019 at 40.715 million US dollars, with the largest increase of 4.5% also occurring in that year.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

From 2017 to 2020, Germany, Italy, and Spain continued to be the main suppliers of chocolate bars to Greece in value terms. Germany accounted for 43.8% of imports in value, Italy for 12.6%, and Spain for 10.6%, jointly forming 67.1% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020