Crisis on the chocolate market?
At the end of last year, there was a significant increase in the price of chocolate in stores, as the supply could not adequately meet the demand. According to the experts, the price increase on the world market may continue, which may lead to further price increases in stores, and even cause shortages.
Sándor Sánta, the president of the Association of Hungarian Confectionery Manufacturers, told Pénzcentrum that the price of cocoa started rising sharply last fall, reaching 10,000 dollars, while previously the price of cocoa was stable between 2-3,000 dollars. According to the president, the price of cocoa beans is currently four times higher than in recent decades, which is a serious problem for candy manufacturers.
Gábor Bukta, Concorde’s analysis business expert, explained that such a price increase is not entirely surprising, as we have already seen similar trends in other markets. There is usually a fundamental problem behind the price increase, such as a demand or supply shock. We encountered such shocks in the case of the negative oil price during Covid, as well as the rise in the price of wheat and gas in connection with the Russian-Ukrainian war.
Currently, most cocoa comes from Africa, but new players such as Ecuador and Indonesia have also entered the market and can help stabilize prices by balancing supply. The most important reason for the price increase is that all three major market players are prepared for a reduction in supply, which drove prices up. Cocoa production cannot keep up with demand, so traders cannot supply enough.
Related news
Hungarian confectionery industry: balancing between challenges and opportunities
In 2024 the winners in volume sales were ice cream…
Read more >Chicken and eggs are getting more expensive: another wave of price increases hits Hungarian households
Hungarian households are facing another wave of food price increases,…
Read more >Lake Balaton accommodation prices in 2025: moderate price increase, but the high season may still bring surprises
As the long weekend and pre-season approach, more and more…
Read more >Related news
A new era in the global economy? – New challenges for our country
May 2025 brought an acceleration of change in the global…
Read more >This is how you can keep your hair and skin healthy during the approaching summer heatwave
Styling, dyeing and blow-drying can all weaken the internal structure…
Read more >New cycle, stable operation, unchanged direction – ÖRT management has received trust
The General Assembly of the Hungarian Self-Regulatory Advertising Board (ÖRT)…
Read more >