Experts have predicted a sharp drop in the production of chocolate products

Moscow. December 23. Experts of the research center of the confectionary market (of ZIKR) believe that in the new year the fall production of chocolate products could accelerate, since this year, the bakers have significantly reduced purchases of cocoa products.

According to a press release from the Center, citing data from the FCS, the import of cocoa beans for the period of January-October 2015 decreased by 27.7% compared with the same period of 2014 and amounted to 35.2 thousand tons. The imports of cocoa paste decreased by 5.4%, up to 30.6 thousand tons of cocoa butter – by 13.1% to 26.6 thousand tons.

According to a press release, the reason for this current economic situation, the devaluation of the ruble and higher world prices for cocoa raw material. The cost of production of chocolate products increased by 50-80%, as ruble prices for primary commodities.

In addition, chocolate manufacturers from the second half of October once again faced with a significant rise in world prices of cocoa raw material. From the middle of October, after a small correction in September, the cost per ton of cocoa beans on world markets is constantly growing and almost came close to five-year highs observed in 2010 – 2 503 pounds per ton.

As noted by Center Executive Director Elizabeth Nikitin, reduction of the imports of cocoa raw material is observed throughout the year. “If the hopes of the producers at the new year revival of consumption is not fully justified, at the beginning of next year followed by further sagging market and a sharp reduction in production,” she said.

According to Rosstat, for the first 9 months of this year the production of chocolate products in Russia decreased slightly – by 0.4%. But, as reported previously ZIKR, the share of cocoa products in it reduces. Confectioners began to actively use the different toppings, or additives, in particular, nuts, cereals, dried fruits, candied fruits, marmalade, etc.