H1 Report: A Recap and Forward Outlook for Chocolate in ‘24
Investigate the key changes in the chocolate market during the first half of 2024 with our comprehensive H1 report. This analysis covers crucial products like milk, cocoa, and nuts.
Leveraging Vesper's robust data, we uncover significant market movements and emerging trends that influenced the chocolate sector in early 2024. The report finishes with a brief outlook for the rest of the year, providing key insights for strategic decision-making.
What to expect from the report
The chocolate market in early 2024 saw notable changes, particularly in the supply and pricing of key ingredients like milk, cocoa, and nuts. This report provides key insights and a detailed analysis of these changes:
- Cocoa: Prices surged due to supply shortages caused by adverse weather conditions and logistical issues in major producing regions.
- Milk: Increased demand and production variances led to higher prices for milk and milk-derived products essential for chocolate production.
- Nuts: Price fluctuations were observed due to varying harvest yields and increased demand.
- Sugar: Global production variances and supply chain issues caused price fluctuations, impacting the overall cost structure for chocolate products.
- And more…
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What is Vesper?
Vesper, vespertool.com, is a commodity intelligence platform that transforms difficult-to-understand data into easy-to-digest intelligence and actionable insights, enabling users to back their decisions with facts. The insights provided by our market analysts in this report are backed-up by Vesper’s real-time and difficult to find data.
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