Annual consumption in Switzerland fell below the threshold of 10 kilograms per person, dipping to 9.9 kilos, the lowest level since 1982, mainly due to the steep decline in foreign tourists.
According to Urs Furrer, chief of Chocosuisse, the national federation of Swiss chocolate makers, foreign tourists in Switzerland tend to tip the consumption scales.
Chocolate treats are also a favorite souvenir.
Furrer noted that it would be "impossible" to calculate the consumption of residents as salespeople are unaware if customers are Swiss residents or foreign tourists.
The Swiss consume more chocolate per capita than anywhere else in the world.
The pandemic and accompanying restrictions, including forced teleworking and physical distancing, impacted consumption. There was also less chocolate consumption in crowded areas with passers-by, like train stations and city centers, as chocolate was often an impulse buy by people on the move.
Production by Swiss chocolate makers also suffered, shrinking 10 percent from 2019 to 180,000 tons in 2020, according to Chocosuisse.
Lindt and Sprungli suffered a nearly 11-percent drop in its 2020 revenues, to $4.4 billion.
Meanwhile, the sale of raw chocolate products used by chocolatiers, patisseries, and bakeries increased last year as more Swiss made their own sweet treats at home.
Exports, which account for nearly 70 percent of Swiss chocolate makers’ revenues, slumped 11.5 percent in 2020, to 126,000 tons.


New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease
Gold Price Rises as Softer Dollar and Fed Rate Expectations Boost Bullion Demand
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions
China Services PMI Beats Forecasts as Strong Demand Supports June Growth
Gold Price Today: Gold Slips as Dollar Rebounds Ahead of Fed Minutes
US Stock Futures Rise as Investors Eye Fed Minutes, AI Stocks, and Q2 Earnings
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027
Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows
Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 



