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The crisis of the crown and affects the Swiss chocolate production location. In the second third of 2020, the sector’s sales of Swiss chocolate makers fell more than 20 percent compared to the same period last year. There is little prospect of rapid improvement.
“The landscape is characterized by challenges and uncertainties. Regulations such as price protection for sugar and powdered milk discriminate against Swiss manufacturers compared to foreign competitors. If politicians do not take countermeasures, jobs in one of Switzerland’s most traditional industries are at risk, ”the Chocosuisse association wrote in a press release.
Affected at home and abroad
Dramatic: The negative evolution affects both national and export companies. That goes into the money. Because: The export share of Swiss chocolate sales volume exceeds 70 percent. In the summer, industry sales on this important sales channel fell particularly sharply.
Global travel retail and the international travel hotel, conference and catering business are particularly affected. Because almost nothing works there. Y: There is no long-term recovery in sight in these important markets.
Import increases
The volume of Swiss chocolate sold domestically has fallen significantly since the beginning of the year. At the same time, the amount of imported chocolate increased. This means that Swiss chocolate makers are under double pressure in their home market. (pbe)
