Swiss experts say chocolate sector has moved past the worst of the cocoa-price shock
Swiss experts say the chocolate industry has moved past the most severe phase of the cocoa crisis. Cocoa prices in 2024 at times topped £10,000 per tonne and, while still about twice the historical average, have fallen 60% from their peak. Higher prices weighed on demand, with Swiss chocolate sales down 7.9% and exports down 9.3% in 2025 even as turnover rose 11.8% on price increases. In the third quarter of the 2025/26 financial year, sales volumes rose 5.7% year on year, the first increase in two years, and Lindt & Sprüngli expects growth to return in 2027.