Key Market Indicators
The Spanish chocolate market is expected to reach a total of $1.37 billion by 2026. Imports are predicted to increase by 1.5% annually on average, from $705.8 million in 2021 to $778.1 million by 2026. Since 1994, Spanish demand for chocolate has grown by an average of 2.8% per year. In 2021, Spain was the ninth-largest importer of chocolate in the world, with Poland leading the way at $705.8 million. Germany, France and the UK were second, third and fourth respectively. Meanwhile, Spain’s chocolate exports are expected to reach $589.3 million by 2026, a 1.9% year-on-year CAGR from 2021’s $523.6 million. Since 1994, Spanish chocolate supply has increased by an average of 3.8% year-on-year. In 2021, Mexico was the largest exporter, followed by Belgium, Italy and the Netherlands in second, third and fourth place respectively.