Chocolate sales in Portugal to surpass €200 million in 2017
ESM - Dec 6th, 14:41
Chocolate sales in Portugal are set to exceed €200 million in 2017, representing growth of between 3% and 5% on 2016, according to Associação dos Industriais de Chocolates e Confeitaria (Association of Chocolatiers and Confectioners).
Lusa reports that five years ago, per capita consumption of chocolate in Portugal amounted to 1.5 kg per year, but this figure should reach 2kg by the end of 2017.
However, the Portuguese are still at the bottom of the European table in terms of consumption, behind Spain (4 kg/year) and Greece (3.8 kg/year).
The association claims that chocolate sales are hindered by the country's 23% VAT rate, and has proposed that Portugal follows Spain’s example and adopt a VAT rate of 10%.
In this way, the group claims, chocolate consumption would increase not only during the Christmas and Easter periods but also throughout the year.
Portugal’s largest chocolate producer, Imperial, is expecting sales of €34 million in 2017, up 20% on the previous year, according to Lusa.
The company's executive president Manuela Tavares de Sousa said that 30% of its turnover comes from foreign markets - an increase of 10% compared to 2016.
She added that, in the last five years, Imperial has achieved "sustained growth," both in Portugal and abroad.
In the period until October 2017, Imperial had recorded sales growth in its home market of around 7%.
Imperial sells its products in 50 foreign markets on all continents, with Spain and Poland being the major export markets in Europe. The company also has a significant presence in Angola, Mozambique and South Africa.Content ©2017 European Supermarket Magazine
Emerging markets show ‘tremendous’ growth in chocolate
28/11/2017 - 13:47
With "tremendous" demand in emerging markets looking set to continue this season, the world’s third-largest cocoa processor is projecting a sharply smaller global surplus.
Global cocoa mountain shrinks as Asia hankers after chocolate
06/10/2017 - 16:07
Chocolate lovers in Asia are taking a big bite out of the global cocoa glut.
I Coast freezes cocoa farmer prices due to falling rates
03/10/2017 - 12:05
Ivory Coast, the world's top cocoa grower, on Sunday set its minimum rate for farmers at 700 CFA francs per kg for the 2017-18 crop, a steep drop over the previous year, due to falling global prices.
Biggest cocoa growers seek larger slice of chocolate profits
21/09/2017 - 16:00
The world’s biggest cocoa-growing nations in West Africa are targeting a larger slice of chocolate-making profits as most of the benefits of producing beans accrue outside their economies, Ghanaian President Nana Akufo-Addo said
Lindt & Sprüngli sees group sales rise 3.1% in first half
27/07/2017 - 16:15
Confectionery firm Lindt & Sprüngli has posted a group sales increase of 3.1% to CHF 1.55 billion in the first half of its financial year.