Latvia - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCocoa Powder Price in Latvia - 2023
Contents:
- Cocoa Powder Price in Latvia (CIF) - 2023
- Cocoa Powder Price in Latvia (FOB) - 2023
- Cocoa Powder Imports in Latvia
- Cocoa Powder Exports in Latvia
Cocoa Powder Price in Latvia (CIF) - 2023
The average cocoa powder import price stood at $3,646 per ton in September 2023, with an increase of 3% against the previous month. In general, import price indicated a remarkable increase from September 2022 to September 2023: its price increased at an average monthly rate of +10.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, cocoa powder import price increased by +2.3% against May 2023 indices. The pace of growth was the most pronounced in October 2022 an increase of 154% month-to-month. The import price peaked at $3,859 per ton in November 2022; however, from December 2022 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($15,890 per ton), while the price for the Netherlands ($3,572 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+35.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Cocoa Powder Price in Latvia (FOB) - 2023
The average cocoa powder export price stood at $3,761 per ton in September 2023, flattening at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in November 2022 an increase of 17% against the previous month. The export price peaked in September 2023.
Average prices varied somewhat for the major overseas markets. In September 2023, the highest price was recorded for prices to Estonia ($4,186 per ton) and Kazakhstan ($3,842 per ton), while the average price for exports to Belarus ($3,280 per ton) and the Czech Republic ($3,360 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Cocoa Powder Imports in Latvia
In 2022, approx. 2.1K tons of cocoa powder (not sweetened) were imported into Latvia; increasing by 3.4% against 2021. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, cocoa powder imports shrank to $5.6M in 2022. In general, imports posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 73%. As a result, imports reached the peak of $5.9M, and then declined in the following year.
| Import of Cocoa Powder in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,391 | 1,683 | 2,972 | 3,252 | 32.7% |
| Germany | 440 | 373 | 1,231 | 1,067 | 34.3% |
| Lithuania | 296 | 308 | 392 | 365 | 7.2% |
| France | 1.6 | 366 | 564 | 283 | 461.3% |
| Spain | 188 | 82.0 | 251 | 273 | 13.2% |
| Poland | 127 | 199 | 209 | 184 | 13.2% |
| Estonia | 98.5 | 196 | 89.8 | 34.2 | -29.7% |
| Others | 196 | 203 | 188 | 139 | -10.8% |
| Total | 2,739 | 3,411 | 5,896 | 5,597 | 26.9% |
Top Suppliers of Cocoa Powder to Latvia in 2022:
- Netherlands (1135.7 tons)
- Germany (587.7 tons)
- Lithuania (113.1 tons)
- Spain (93.5 tons)
- France (78.4 tons)
- Poland (36.5 tons)
- Estonia (12.9 tons)
Cocoa Powder Exports in Latvia
In 2022, approx. 1.5K tons of cocoa powder (not sweetened) were exported from Latvia; growing by 32% against 2021 figures. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 112% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, cocoa powder exports soared to $4.7M in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 149% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Cocoa Powder in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | 418 | 941 | 1,687 | 100.9% |
| Belarus | 493 | 1,094 | 970 | 1,523 | 45.6% |
| Lithuania | 15.6 | 428 | 1,027 | 730 | 260.4% |
| Russia | 99.0 | 179 | 292 | 291 | 43.2% |
| Estonia | 69.3 | 61.6 | 65.7 | 201 | 42.6% |
| Uzbekistan | N/A | 12.8 | 126 | 77.2 | 145.6% |
| Romania | 161 | N/A | N/A | N/A | 0% |
| Others | 64.7 | 52.5 | 88.7 | 178 | 40.1% |
| Total | 903 | 2,246 | 3,510 | 4,689 | 73.2% |
Top Export Markets for Cocoa Powder from Latvia in 2022:
- Kazakhstan (522.6 tons)
- Belarus (510.1 tons)
- Lithuania (201.8 tons)
- Russia (107.9 tons)
- Estonia (60.6 tons)
- Uzbekistan (23.3 tons)
This report provides an in-depth analysis of the cocoa powder market in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 665 - Cocoa Powder and Cake
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
590
This report provides an in-depth analysis of the cocoa powder market in Latvia.
2012
This report provides an in-depth analysis of the global cocoa powder market.
590
This report provides an in-depth analysis of the cocoa powder market in Latvia.
2012
This report provides an in-depth analysis of the global cocoa powder market.
909
In 2016, the global cocoa powder imports totaled X tons, rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
1475
In 2016, the global cocoa powder imports totaled X tons, rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
1995
From 2007 to 2011, global exports of cocoa powder displayed a robust growth trend, which switched to a steady decline until 2015. Exports amounted to X million USD in 2015.
1373
The end of 2014 was marked by an unexpectedly sharp drop in cocoa consumption in the world. The European Cocoa Association recorded a decrease of between two and five percent, which was far below market forecasts.
909
In 2016, the global cocoa powder imports totaled X tons, rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
1475
In 2016, the global cocoa powder imports totaled X tons, rising by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period from X>
1995
From 2007 to 2011, global exports of cocoa powder displayed a robust growth trend, which switched to a steady decline until 2015. Exports amounted to X million USD in 2015.
1373
The end of 2014 was marked by an unexpectedly sharp drop in cocoa consumption in the world. The European Cocoa Association recorded a decrease of between two and five percent, which was far below market forecasts.
