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Spain - Cocoa Paste - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 26, 2023
Spain's Cocoa Paste Price Rises Slightly to $2,641 per Ton
Spain Cocoa Paste Import Price in October 2022
In October 2022, the cocoa paste price stood at $2,641 per ton (CIF, Spain), leveling off at the previous month. Overall, the import price showed a modest expansion. The most prominent rate of growth was recorded in August 2022 an increase of 5.2% against the previous month. Over the period under review, average import prices hit record highs at $2,709 per ton in June 2022; however, from July 2022 to October 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($3,999 per ton), while the price for the UK ($1,596 per ton) was amongst the lowest.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Spain Cocoa Paste Imports
In October 2022, imports of cocoa paste into Spain surged to 7.8K tons, rising by 21% on the previous month's figure. Over the period under review, imports, however, showed a mild curtailment. The most prominent rate of growth was recorded in March 2022 when imports increased by 69% month-to-month. Imports peaked at 10K tons in August 2022; however, from September 2022 to October 2022, imports failed to regain momentum.
In value terms, cocoa paste imports soared to $20M (IndexBox estimates) in October 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when imports increased by 76% month-to-month. Imports peaked at 28K tons in August 2022; however, from September 2022 to October 2022, imports remained at a lower figure.
Spain Cocoa Paste Imports by Country
In October 2022, Cote d'Ivoire (4.6K tons) constituted the largest cocoa paste supplier to Spain, with a 59% share of total imports. Moreover, cocoa paste imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Ghana (954 tons), fivefold. The third position in this ranking was taken by Indonesia (760 tons), with a 9.8% share.
From January 2022 to October 2022, the average monthly rate of growth in terms of volume from Cote d'Ivoire was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Ghana (-7.8% per month) and Indonesia (+3.6% per month).
In value terms, Cote d'Ivoire ($12M) constituted the largest supplier of cocoa paste to Spain, comprising 59% of total imports. The second position in the ranking was taken by Ghana ($2.7M), with a 13% share of total imports. It was followed by Indonesia, with an 8.5% share.
From January 2022 to October 2022, the average monthly rate of growth in terms of value from Cote d'Ivoire was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Ghana (-6.5% per month) and Indonesia (+3.7% per month).
Factors Affecting Cocoa Paste Prices
Cocoa paste prices in Spain have been on the rise in recent years, due to a variety of factors. The increased demand for chocolate globally has led to higher prices for cocoa beans, which is the main ingredient in cocoa paste. Weather conditions have also been a factor, as droughts in key cocoa-producing regions have led to reduced crop yields. In addition, political instability in some cocoa-producing countries has made it difficult to obtain reliable supplies of the commodity.
As a result of these factors, prices for cocoa paste have risen significantly in Spain, and are expected to continue to do so in the future. This presents a challenge for chocolate manufacturers, who must either absorb the higher costs or pass them on to consumers. Some manufacturers have already begun using alternative ingredients such as carob powder, which is cheaper but does not provide the same flavor profile as a cocoa paste.
This report provides an in-depth analysis of the cocoa paste market in Spain. 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:
• Prodcom 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)
Country coverage:
• Spain
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Spain
• 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
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
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
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
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
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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