Procurement Resource provides latest prices of Dark Chocolate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Get the latest insights on price movement and trend analysis of Dark Chocolate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Dark Chocolate Price Trend for the Third Quarter of 2022
Dark chocolate has been teetering in the third quarter owing to oscillating production and supplies across various regions. It has witnessed slumped prices on the back of copious supplies. The ivory coast had been shooting with its supplies chalked to soaring production. Hence, the demand-supply equation seemed to have blotched the dark chocolate price trends that were experienced during the first half.
Cocoa, the main ingredient of dark chocolate, has been witnessing an abundant supply from the Ivory coast. Hence, the firmer supplies of the pivotal ingredient have decreased the prices of dark chocolate by an inverse proportion. However, Ghana has seen a gnawed-off supply and truncated production, which has balanced the sinking price trends of dark chocolate.
In the USA, dark chocolate seemed to have been stable across the third quarter, with USD 2.239 per kg in July, USD 2.323 per kg in August, and USD 2.298 per kg in September.
Dark Chocolate Price Trend for the First Half of 2022
High-cost inflation and the continuing issues with the global supply chain amid the Russia- Ukraine geopolitical conflict have caused chocolate prices to increase by manifolds. Chocolate manufacturers are faced with the problem of sourcing the raw materials necessary to make chocolate.
The main raw ingredients include cocoa beans, cocoa butter, milk, and sugar; however, these ingredients are witnessing unprecedented price surges, given the current market volatility. The world's largest producer of cocoa beans- The Ivory Coast ( West Africa), is reeling under the pressure of a lousy harvest owing to the lack of rainfall and droughts.
The constricted supply amid the inflated freight charges and trade bottlenecks surged the price trends of dark chocolate worldwide. The price of cocoa beans surged by 18% Y-O-Y basis; moreover, the prices of dark chocolate are still less compared to the other varieties of chocolate like milk and white, which chocolates contain higher concentrations of sugar and milk.
According to Procurement Resource, dark chocolate prices will edge higher in the forthcoming quarter. The conducive dynamics to dark chocolates or chocolates, at large, would favour the fate of dark chocolate prices as the dark chocolate price trend is anticipated to be pinned on increasing health awareness. The increasing trend of the inclusion of dark chocolates as energy bars and as a ceremonial token (upcoming festivities in the quarter) would bring in the upward revision of dark chocolate prices.
Dark Chocolate is basically a type of chocolate which contains cocoa solids, cocoa butter, and sugar, without the milk solid constituents that are generally found in milk chocolate variants. It is a healthier alternative to other chocolate-types owing to presence of minerals such as iron, magnesium and zinc as well as antioxidants.
|Product Name||Dark Chocolate|
|Synonyms||Black chocolate, Plain chocolate, Sour chocolate|
|Industrial Uses||Bars, Syrup, Cookies, Ice creams, Cakes, Pastries, Others, Cosmetics|
|Supplier Database||Nestlé S.A, Ferrero U.S.A., Inc, Barry Callebaut AG, Mondelez International, The Hershey Company, Blommer Chocolate Company|
|Region/Countries Covered||Asia Pacific: China , India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland , Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
While producing Dark Chocolates using conching and tempering process, the cocoa beans are fermented to bring out the flavour of the cocoa beans. The outer shells of cocoa beans are removed to bring out the inner nibs, which are further alkalised to reduce the bitterness. Finally, in a conching press, these alkalised nibs are processed, transforming it to a creamy paste, followed by the addition of cocoa butter and sugar. This paste is ultimately moulded into Dark Chocolate bars.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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