Driven by a poor harvest in Ghana and Ivory Coast, the world’s largest producers of cocoa, the price of chocolate has surged globally over the past year.
Cocoa, which used to trade for between $2,000 and $3,000 a tonne, hit as high as $12,500 a tonne for a period. It is expected to trade at around $8,000 per tonne as of the end of this quarter, but could rise to $9,000 at the end of the year.
But what European country has seen the price of chocolate increase the most?
According to Eurostat data, Poland reported a 39.1% increase in the price of chocolate as of May 2025, compared to the previous year, the highest increase in Europe.
Other countries to report a notable increase include Estonia (+37.9%), Lithuania (+36.5%), Latvia (+33.2%), Sweden (+28.0%) and Finland (+26.0%).
Price increases have been less severe, however, in Luxembourg, where prices are 5.2% higher compared to the same time last year, as well as in Cyprus (+9.0%), Italy (+12.0%), Malta (+12.2%) and Austria (+13.4%).
On average, chocolate prices were 21.1% higher in May 2025 than they were a year earlier, Eurostat‘s data showed. Read more here.
Annual Chocolate Price Increases by EU Member State (May 2025)
| Country | Increase (%) |
|---|---|
| Poland | 39.1 |
| Estonia | 37.9 |
| Lithuania | 36.5 |
| Latvia | 33.2 |
| Sweden | 28.0 |
| Finland | 26.0 |
| Croatia | 25.3 |
| Slovenia | 25.3 |
| Spain | 25.1 |
| Greece | 23.9 |
| Romania | 23.6 |
| Czechia | 23.4 |
| Hungary | 23.3 |
| Bulgaria | 22.8 |
| EU Average | 21.1 |
| Germany | 20.6 |
| Denmark | 20.4 |
| Portugal | 19.8 |
| Netherlands | 19.2 |
| France | 17.9 |
| Ireland | 16.9 |
| Belgium | 13.9 |
| Slovakia | 13.9 |
| Austria | 13.4 |
| Malta | 12.2 |
| Italy | 12.0 |
| Cyprus | 9.0 |
| Luxembourg | 5.2 |
Source: Eurostat, May 2025. EU average included for comparison.
