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EU - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jan 20, 2020

Cocoa Powder Market in the EU Flattened at $814M

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IndexBox has just published a new report: 'EU - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The revenue of the cocoa powder market in the European Union amounted to $814M in 2018, approximately reflecting 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). In general, cocoa powder consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the cocoa powder market reached its maximum level at $1.4B in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Consumption By Country 

The countries with the highest volumes of cocoa powder consumption in 2018 were the UK (47K tonnes), Germany (41K tonnes) and Spain (35K tonnes), together accounting for 41% of total consumption. Italy, Poland, France, the Netherlands, Romania, Hungary, Belgium, Greece and Sweden lagged somewhat behind, together comprising a further 47%.

In value terms, the largest cocoa powder markets in the European Union were Germany ($124M), the UK ($122M) and Spain ($91M), with a combined 41% share of the total market. 

The countries with the highest levels of cocoa powder per capita consumption in 2018 were the Netherlands (948 kg per 1000 persons), Hungary (934 kg per 1000 persons) and Spain (758 kg per 1000 persons).

From 2007 to 2018, the most notable rate of growth in terms of cocoa powder per capita consumption, amongst the main consuming countries, was attained by Poland, while cocoa powder per capita consumption for the other leaders experienced more modest paces of growth.

Production in the EU

Cocoa powder production amounted to 536K tonnes in 2018, growing by 2.7% against the previous year. Overall, cocoa powder production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of 13% against the previous year. In that year, cocoa powder production attained its peak volume of 553K tonnes. 

Production By Country

The Netherlands (223K tonnes) constituted the country with the largest volume of cocoa powder production, accounting for 42% of total volume. Moreover, cocoa powder production in the Netherlands exceeded the figures recorded by the second-largest producer, Spain (109K tonnes), twofold. The third position in this ranking was occupied by Germany (108K tonnes), with a 20% share.

In the Netherlands, cocoa powder production increased at an average annual rate of +1.0% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Spain (+4.7% per year) and Germany (+4.1% per year).

Exports in the EU

In 2018, approx. 586K tonnes of cocoa powder (not sweetened) were exported in the European Union; increasing by 4.8% against the previous year. The total export volume increased at an average annual rate of +3.6% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The volume of exports peaked in 2018 and are likely to continue its growth in the immediate term. In value terms, cocoa powder exports totaled $1.4B (IndexBox estimates) in 2018.

Exports by Country

The Netherlands represented the main exporter of cocoa powder (not sweetened) exported in the European Union, with the volume of exports finishing at 283K tonnes, which was near 48% of total exports in 2018. Germany (118K tonnes) ranks second in terms of the total exports with a 20% share, followed by Spain (14%) and France (7.1%). The following exporters - Italy (18K tonnes) and Belgium (16K tonnes) - each resulted at a 6% share of total exports.

Exports from the Netherlands increased at an average annual rate of +2.6% from 2007 to 2018. At the same time, Belgium (+18.1%), Germany (+8.5%), Spain (+5.4%) and Italy (+5.0%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +18.1% from 2007-2018. France experienced a relatively flat trend pattern. 

In value terms, the Netherlands ($677M) remains the largest cocoa powder supplier in the European Union, comprising 48% of total cocoa powder exports. The second position in the ranking was occupied by Germany ($275M), with a 20% share of total exports. It was followed by Spain, with a 11% share.

Export Prices by Country

The cocoa powder export price in the European Union stood at $2,398 per tonne in 2018, reducing by -6.2% against the previous year. In general, the cocoa powder export price, however, continues to indicate a moderate expansion. Over the period under review, the export prices for cocoa powder reached their peak figure at $5,073 per tonne in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($3,317 per tonne), while Spain ($1,927 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Imports in the EU

The imports stood at 351K tonnes in 2018, growing by 5.3% against the previous year. The total import volume increased at an average annual rate of +3.0% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, cocoa powder imports stood at $885M (IndexBox estimates) in 2018. 

Imports by Country

In 2018, the Netherlands (76K tonnes), Germany (51K tonnes), France (46K tonnes) and Italy (38K tonnes) were the largest importers of cocoa powder (not sweetened) imported in the European Union, comprising 60% of total import. Belgium (24K tonnes) took the next position in the ranking, followed by the UK (23K tonnes) and Poland (23K tonnes). All these countries together took approx. 20% share of total imports. Hungary (8,955 tonnes) took a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands, while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($160M), Germany ($151M) and France ($110M) appeared to be the countries with the highest levels of imports in 2018, with a combined 48% share of total imports.

Import Prices by Country

In 2018, cocoa powder import price in the European Union amounted to $2,524 per tonne, declining by -3.4% against the previous year. Overall, the cocoa powder import price, however, continues to indicate perceptible growth. Reflecting the export prices presented above, the import prices for cocoa powder attained their peak figure at $4,822 per tonne in 2011.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Germany ($2,987 per tonne) and Italy ($2,801 per tonne), while the Netherlands ($2,105 per tonne) and France ($2,366 per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the other leaders experienced more modest paces of growth.

Companies mentioned:

Olam International

Cargill, Inc.

Barry Callebaut

Indcre S.A.

Natra Cacao

IBERCACAO, S.A.

Touton S.A.

ICAM S.p.A.

 

Source: IndexBox AI Platform

Product coverage:
• Prodcom 10821300 - Cocoa powder, not containing added sugar or other sweetening matter

This report provides an in-depth analysis of the cocoa powder 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.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
• United Kingdom
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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