EU - Cocoa Butter - Market Analysis, Forecast, Size, Trends And Insights
Cocoa Butter Market in the EU - Key Insights
IndexBox has just published a new report, the EU - Cocoa Butter - Market Analysis, Forecast, Size, Trends And Insights. Here is a summary of the report's key findings.
The revenue of the cocoa butter market in the European Union amounted to $3.8B in 2017, lowering by -3.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The cocoa butter consumption continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2014, with an increase of 46% year-to-year. Over the period under review, the cocoa butter market attained its peak figure level at $5.6B in 2009; however, from 2010 to 2017, consumption stood at a somewhat lower figure.
Production in the EU
In 2017, the amount of cocoa butter produced in the European Union amounted to 514K tonnes, picking up by 1.7% against the previous year. The cocoa butter production continues to indicate a perceptible decline.
Imports in the EU
In 2017, approx. 589K tonnes of cocoa butter were imported in the European Union; picking up by 9.9% against the previous year. The total import volume increased at an average annual rate of +2.9% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review.
In value terms, cocoa butter imports totaled $3.3B (IndexBox estimates) in 2017. The total imports indicated a remarkable growth from 2007 to 2017: its value increased at an average annual rate of +2.9% over the last decade. Based on 2017 figures, the cocoa butter imports decreased by -7.3% against 2014 indices. In that year, cocoa butter imports attained their peak of $3.6B. From 2015 to 2017, the growth of cocoa butter imports failed to regain its momentum.
Imports by Country
The imports of the five major importers of cocoa butter, namely Germany, Belgium, the Netherlands, France and the UK, represented more than two-thirds of total import. Poland (35K tonnes) took a 6% share (based on tonnes) of total imports, which put it in second place, followed by Italy (4.9%).
From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Germany (+5.3% per year), while the other leaders experienced more modest paces of growth.
In value terms, Germany ($816M), Belgium ($583M) and the Netherlands ($525M) were the countries with the highest levels of imports in 2017, together accounting for 58% of total imports. France, the UK, Poland and Italy lagged somewhat behind, together comprising a further 32%.
Import Prices by Country
In 2017, the cocoa butter import price in the European Union amounted to $5.6 per kg, coming down by -9.2% against the previous year. The import price indicated a mild growth from 2007 to 2017: its price increased at an average annual rate of +1.5% over the last decade.
Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Belgium ($6.1 per kg) and Italy ($5.9 per kg), while France ($4.8 per kg) and the UK ($5.5 per kg) were amongst the lowest.
From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Netherlands (+1.8% per year), while the other leaders experienced more modest paces of growth.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the cocoa butter market in the EU. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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