Key Market Indicators
Singaporean chocolate exports are expected to reach almost $491 million by 2026, compared to $442 million in 2021. On average, exports have grown by 1.8% year on year since 1994. In 2021, Singapore was in 14th place in the global ranking, just behind Spain. Belgium, Italy and the Netherlands held the top three spots. Imports of chocolate into Singapore are also projected to increase, reaching $305 million by 2026 compared to $269 million in 2021. This represents an average growth of 2.1% year on year since 1994. Switzerland topped the list in 2021, with Singapore in 28th place. Germany, France and the United Kingdom were the next three countries in the ranking.
