Greece - Cocoa Paste - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Greece - Cocoa Paste - Market Analysis, Forecast, Size, Trends And Insights

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Cocoa Paste Price in Greece - 2023

Contents:

  1. Cocoa Paste Price in Greece (CIF) - 2023
  2. Cocoa Paste Price in Greece (FOB) - 2022
  3. Cocoa Paste Imports in Greece
  4. Cocoa Paste Exports in Greece

Cocoa Paste Price in Greece (CIF) - 2023

The average cocoa paste import price stood at $4,189 per ton in June 2023, stabilizing at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 11% month-to-month. The import price peaked in June 2023.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($4,266 per ton), while the price for Ghana ($3,973 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Cocoa Paste Price in Greece (FOB) - 2022

In 2022, the average cocoa paste export price amounted to $4,333 per ton, growing by 6.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 116%. The export price peaked at $4,689 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($4,869 per ton), while the average price for exports to the United States ($2,867 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Paste Imports in Greece

In 2022, approx. 3.1K tons of cocoa paste were imported into Greece; shrinking by -22.7% against the previous year's figure. Overall, imports saw a pronounced setback. The pace of growth was the most pronounced in 2021 when imports increased by 29%. As a result, imports attained the peak of 4K tons, and then shrank remarkably in the following year.

In value terms, cocoa paste imports declined significantly to $12M in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of $15M, and then dropped significantly in the following year.

Import of Cocoa Paste in Greece (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/AN/AN/A3.00%
Netherlands2.02.85.62.811.9%
Ghana1.52.10.81.62.2%
Spain1.41.01.21.40.0%
Ukraine4.45.45.61.2-35.2%
France0.50.10.90.66.3%
Cote d'IvoireN/A0.10.30.6144.9%
Others1.10.50.30.3-35.2%
Total11.111.914.711.51.2%

Top Suppliers of Cocoa Paste to Greece in 2022:

  1. Germany (845.3 tons)
  2. Netherlands (773.5 tons)
  3. Ghana (458.7 tons)
  4. Spain (356.0 tons)
  5. Ukraine (250.8 tons)
  6. France (180.8 tons)
  7. Cote d'Ivoire (170.0 tons)

Cocoa Paste Exports in Greece

In 2022, approx. 18 tons of cocoa paste were exported from Greece; which is down by -84.2% against the previous year's figure. In general, exports faced a sharp curtailment. The smallest decline of -23.9% was in 2020.

In value terms, cocoa paste exports plummeted to $79K in 2022. Overall, exports recorded a dramatic shrinkage. The smallest decline of -14.2% was in 2021.

Export of Cocoa Paste in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ItalyN/A0.4N/A34.7831.4%
Bulgaria17731229415.6-55.5%
TunisiaN/AN/A34.013.2-61.2%
Romania26873.959.27.3-69.9%
Cyprus9.993.520.96.0-15.4%
United StatesN/AN/AN/A2.30%
North Macedonia26667.960.2N/A-52.4%
Others0.91.32.60.3-30.7%
Total72254947179.4-52.1%

Top Export Markets for Cocoa Paste from Greece in 2022:

  1. Italy (7.7 tons)
  2. Bulgaria (3.7 tons)
  3. Tunisia (3.0 tons)
  4. Romania (1.5 tons)
  5. Cyprus (1.5 tons)
  6. United States (0.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cocoa paste market in Greece. 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:

  • Greece

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Greece
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Cocoa Paste - Greece