What is the price of chocolate per kilogram/pound in US today?
The retail price range for US chocolate is between US$ 6.89 and US$ 12.80 per kilogram or between US$ 3.13 and US$ 5.80 per pound(lb). Click here to see today's exact prices of chocolate in US
The retail price range in Euro for chocolate is between EUR 6.32 and EUR 11.74 per kilogram or between EUR 2.87 and EUR 5.33 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US chocolate is between US$ 4.82 and US$ 8.96 per kilogram or between US$ 2.19 and US$ 4.06 per pound(lb).
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US Chocolate Export Prices - Historical, Trends and Prediction
The export price per kilogram of Chocolate from the US has seen a steady increase over the last five years. In 2017, the price was 4.98 US $ per kg, and in 2021, it was 5.23 US $ per kg. This represents an increase of 5.2% over the five-year period. The highest price was in 2021, at 5.23 US $ per kg, and the lowest price was in 2011, at 4.00 US $ per kg. Looking ahead, we predict that the export price per kilogram of Chocolate from the US will continue to increase, reaching 5.41 US $ per kg in 2023 and 5.59 US $ per kg in 2024.The chocolate exports from US are classified as:
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg, filled (HS code 180631)
- Chocolate and other preparations containing cocoa, in containers or immediate packings of <= 2 kg (excluding in blocks, slabs or bars and cocoa powder) (HS code 180690)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg (excluding filled) (HS code 180632)
- Chocolate and other food preparations containing cocoa, in blocks, slabs or bars weighing > 2 kg or in liquid, paste, powder, granular or other bulk form, in containers or immediate packings of a content > 2 kg (excluding cocoa powder) (HS code 180620)
US Chocolate Import Prices - Historical, Trends and Prediction
The import price per kilogram of Chocolate into the US over the last five years has seen a steady increase. In 2017, the price was $4.98, and in 2021 it was $5.23, representing an increase of 5.2%. The highest price was in 2021, at $5.25, and the lowest was in 2012, at $4.14. The average price over the last five years was $5.09. Looking ahead, we can expect the import price per kilogram of Chocolate into the US to remain steady, with a predicted price of $5.27 in 2023 and $5.30 in 2024.Export values for US chocolate
The total values in export for chocolate in US were US$ 1,584,664, US$ 1,634,549, US$ 1,638,420 and US$ 1,619,784 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in US: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of chocolate in other countries across North America: Canada chocolate, US chocolate, Anguilla chocolate, Antigua and Barbuda chocolate, Bermuda chocolate, Bonaire, Sint Eustatius and Saba chocolate, St.Pierre and Miquelon chocolate, United States Minor Outlying Islands chocolate, Cayman Islands chocolate & Greenland chocolate.
US chocolate - Production, Exports, Imports, Seasons and HS Codes
The quantity of chocolate sold by US in 2020 was 271,776 metric tonnes. In 2019 US sold 314,678 tonnes of chocolate. In 2019 alone, the market for US chocolate (processed category) has decreased, changing by -2.405 percent compared to the year 2018. Between 2017 and 2019, chocolate's exports reduced by -4.09% earning the country US$1,619.78m for the year 2019. US' chocolate exports are classified as:
- Chocolate and other preparations containing cocoa, in containers or immediate packings of <= 2 kg (excluding in blocks, slabs or bars and cocoa powder) (HS code 180690)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg (excluding filled) (HS code 180632)
- Chocolate and other food preparations containing cocoa, in blocks, slabs or bars weighing > 2 kg or in liquid, paste, powder, granular or other bulk form, in containers or immediate packings of a content > 2 kg (excluding cocoa powder) (HS code 180620)
- Chocolate and other preparations containing cocoa, in blocks, slabs or bars of <= 2 kg, filled (HS code 180631)
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US chocolate export values
In 2019, US sold chocolate with a value of 1,619.78m USD, a drop of -1.14% from 2018's total chocolate export of 1638.42m USD. The yearly reduction in value of US chocolate between 2017 to 2018 was 0.23682374 pc.
The yearly change in the quantity of US' chocolate exports between 2017 and 2019 was -4.09% compared to a variation of -2.405% in the period between 2018 and 2019.
Export markets for US chocolate ( in '000$ )
US' leading export markets for chocolate are Canada, Mexico, South Korea, the Philippines and Japan.
US imported 623,968 tonnes of chocolate in 2019.
Multi-billion US Chocolate Industry
Because around 400 cocoa beans make 1 pound of chocolate, it takes over 200,000 tonnes of cocoa beans to satiate the big US chocolate industry. In 2023, the chocolate sector in the U.S. had a value of $27.07 billion, according to Mordor Research. But given the reigning shortage in world cocoa bean production, this quoted value is likely to suffer a deficit in 2024.
Hence, the U.S. chocolate industry is trying to recoup rising costs. One counter measure is shrinking the sizes of chocolate products while retaining the standard price, a technique known as “shrinkflation.” Below is a look at the average prices of cocoa products with their corresponding sizes by leading online retailers in April 2024.
The least expensive chocolate is dark chocolate at an average $5.35 per 27.7 oz box on Walmart or $9.36 per kg. The least expensive pure chocolate costs $9.36 per 12 oz or $24.1 per kg, while the most expensive pure organic chocolate is $1.65 per oz or $57.8 per kg.