The production value of cocoa, chocolate, and sugar confectionery in the Netherlands has experienced various fluctuations from 2013 to 2023. In 2013, it stood at 3.42 billion Euros and showed positive growth until 2016. The peak was observed in 2017 with 4.5 billion Euros, followed by a notable dip in 2018. A gradual decline ensued until 2020, stabilizing around 3.75 billion Euros. From 2021 to 2023, production values slightly recovered, reaching 3.87 billion Euros in 2023.
The year-on-year variation reflects the volatility of the market, with significant growth in 2015 and 2017, and declines in 2018, 2019, and 2020. The production value saw mild fluctuations recently, with CAGR from 2019 to 2023 at -0.89%.
Future trends from 2024 to 2028 show a gradual increase, with an anticipated production value of 4.05 billion Euros by 2028. The forecasted CAGR for this period is 0.73%, indicating modest growth.
Future Trends to Watch For:
Consumer preferences shifting towards healthier and sustainable confectionery products.
Technological advancements in production processes and supply chain management.
Impact of global economic factors and commodity price changes on production costs.