Brace Yourself: Swiss Chocolate Gets Costlier in 2025 Thanks to Soaring Cocoa Prices 🍫💰
Chocolate manufacturers in Switzerland unveil major price hikes
Hey there, chocoholics! Buckle up! With the bitter truth about to hit our sweet tooth, Swiss chocolate manufacturers are giving us fair warning - get ready for a significant price hike this year! 😲
Cocoa Costs Causing Cha-ching 💰
- Prices Skyrocketing: Cocoa prices nearly quadrupled last year, reaching an eye-watering $10,888 per tonne in 2024. This staggering figure is a far cry from the $2,000 to $3,000 it used to be [1].
Manufacturers Feel the Raw End of the Stick 📉
- Initial Increases: Chocosuisse, the industry association, revealed that manufacturers have already implemented "initial price increases." This move came as part of their desperate attempts to offset the sharp rise in cocoa costs [1].
Sales Booming, But Not Much, Though 📈
- Cashing In: Despite the stagnant growth in exports, Swiss chocolate sales saw a spectacular 13.3% jump in revenue last year, amounting to around CHF2.2 billion [1].
Exporting Troubles 🌍
- U.S. Tariffs: Oh, those pesky tariffs! The U.S., a significant market for Swiss chocolates, is adding a 31% surcharge on Swiss goods in 2025. Seven percent of Swiss chocolate exports currently head over to the U.S. [2][3][4].
Cocoa Conundrum
- In the midst of rising cocoa prices that quadrupled in 2024, reaching a high of $10,888 per tonne, EC countries may soon face a surge in the cost of imported Swiss chocolate.
- The price hike for Swiss chocolate may become a reality as early as 2024, following the year's steep increase in cocoa costs, which manufacturers are struggling to cover.
- With U.S. tariffs set to increase by 31% on Swiss goods in 2025, exporters may face further challenges in moving their chocolate products to this significant market, which currently represents 7% of total Swiss chocolate exports.
