EU: Cocoa Powder Market 2024

Cocoa Powder Market Size in the EU

In 2022, the EU cocoa powder market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a perceptible decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cocoa Powder Production in the EU

In value terms, cocoa powder production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cocoa Powder Exports

Exports in the EU

Cocoa powder exports shrank modestly to X tons in 2022, leveling off at 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cocoa powder exports totaled $X in 2022. In general, exports saw a mild reduction. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the Netherlands (X tons) represented the main exporter of cocoa powder (not sweetened), generating X% of total exports. Germany (X tons) held the second position in the ranking, followed by Spain (X tons) and France (X tons). All these countries together took near X% share of total exports. Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cocoa powder exports from the Netherlands stood at X%. At the same time, Italy (X%), Germany (X%) and Spain (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. France experienced a relatively flat trend pattern. From 2012 to 2022, the share of Germany increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest cocoa powder supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Spain (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in France ($X per ton) and the Netherlands ($X per ton), while Italy ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced a decline in the export price figures.

Cocoa Powder Imports

Imports in the EU

In 2022, overseas purchases of cocoa powder (not sweetened) increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cocoa powder imports reached $X in 2022. In general, imports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons), distantly followed by France (X tons), Italy (X tons), Germany (X tons), Belgium (X tons) and Poland (X tons) represented the largest importers of cocoa powder (not sweetened), together constituting X% of total imports. Spain (X tons), Hungary (X tons), the Czech Republic (X tons), Sweden (X tons), Greece (X tons) and Romania (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Italy, Belgium, Poland, Spain, Hungary, Sweden, the Czech Republic, Greece and Romania lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Sweden ($X per ton) and Belgium ($X per ton), while the Netherlands ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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