Filled chocolate bars market in Greece

Earlier Report Observations

The market for filled chocolate bars in Greece declined in volume from 4 162 tonnes in 2018 to 3 865 tonnes in 2020, following a slight dip to 4 107 tonnes in 2019. In value terms, the market grew to $26.7 million in 2019 before falling to $24.9 million in 2020.

Imports of these chocolate products fluctuated over the 2018-2024 period, peaking at 4 383 tonnes in 2022 and then dropping to 3 947 tonnes in 2024. Meanwhile, exports expanded consistently, more than doubling from 807 tonnes in 2018 to 1 492 tonnes in 2024. In monetary terms, imports rose from $16.2 million to $25.2 million, while exports jumped from $3.8 million to $10.0 million over the same years.

Greek production remained steady at around 1 200 tonnes annually from 2018 to 2020, contributing to the domestic market supply. The sustained growth in exports indicates increasing competitiveness of Greek filled chocolate bars abroad.

Production filled chocolate bars in Greece

In value, 2017-2020, K $ US

After rising for two consecutive years, Greece's production of filled chocolate bars declined in 2020. The output value stood at 13 429 thousand US dollars, remaining relatively stable compared to the previous year. Between 2017 and 2020, production increased by 5.1%, which translates to an average annual growth rate of 1.7%. The peak value was recorded in 2019 at 13 467 thousand US dollars, with the largest annual increase occurring in 2018 at 4.9%.

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

In kind, 2017-2020, t

In 2020, Greece produced 1 194 tonnes of filled chocolate bars, marking a moderate decline of 4.7% from the previous year. The highest production volume was recorded in 2019 at 1 253 tonnes, which also saw the largest annual increase of 4.7%.

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

Exports filled chocolate bars from Greece

Exports in kind, t

Exports of filled chocolate bars from Greece increased for the third consecutive year in 2020, reaching 1 072 tonnes. This represents a strong growth of 20.9% compared to the previous year. Over the period from 2017 to 2020, exports surged by 45.7%, with an average annual growth rate of 13.4%.

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

An analysis of export volumes from 2017 to 2020 reveals a broad distribution across numerous markets. Belgium accounted for 22.9% of exports, Libya for 14.2%, and Cyprus for 8.2%, together making up 45.4% of total flows. The remaining 54.6% was shared among various other trading partners.

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

In 2020, the value of filled chocolate bars exported from Greece reached 5 025 thousand US dollars, up by 36.1% from the previous year. Over the 2017-2020 period, exports grew by 36.3%, with a compound annual growth rate of 10.9%. The largest decline occurred in 2019, at 2.7%.

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

The market base for exports in value terms from 2017 to 2020 was diverse. Belgium contributed 19.9% of export value, Cyprus 13.1%, and Libya 10.6%, collectively accounting for 43.6% of total flows. The remaining 56.4% was distributed among many other countries.

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

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

Imports filled chocolate bars to Greece

Imports in kind, t

After declining for two years, imports of filled chocolate bars into Greece increased in 2020, amounting to 3 743 tonnes. This represented only a slight fluctuation from the previous year. Over the 2017-2020 period, imports decreased by 2.7%, with an average annual decline of 0.9%. The lowest volume was recorded in 2019 at 3 741 tonnes, and the largest annual drop occurred in 2018 at 1.9%.

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

From 2017 to 2020, the Netherlands, Germany, and Italy remained the top suppliers of filled chocolate bars to Greece. The Netherlands accounted for 22.1% of import volume, Germany for 20.5%, and Italy for 14.9%, together representing 57.6% of total imports.

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 advancing for two years, the value of filled chocolate bars imported into Greece declined in 2020, totaling 16 455 thousand US dollars, down by 2.9% from the previous year. Between 2017 and 2020, imports increased by 8%, with an average annual growth rate of 2.6%. The peak value was recorded in 2019 at 16 941 thousand US dollars, and the largest annual increase occurred in 2018 at 6.4%.

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

From 2017 to 2020, Germany, Italy, and the Netherlands formed the main group of sources for imports in value terms. Germany accounted for 23.3% of import value, Italy for 20.3%, and the Netherlands for 15.0%, together making up 58.6% of total flows.

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

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