Spain - Cocoa Powder (Containing Added Sugar) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Spain - Cocoa Powder (Containing Added Sugar) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Cocoa Powder with Sugar in Spain - 2023

Contents:

  1. Price for Cocoa Powder with Sugar in Spain (CIF) - 2023
  2. Price for Cocoa Powder with Sugar in Spain (FOB) - 2023
  3. Imports of Cocoa Powder with Sugar in Spain
  4. Exports of Cocoa Powder with Sugar in Spain

Price for Cocoa Powder with Sugar in Spain (CIF) - 2023

The average cocoa powder with sugar import price stood at $4,590 per ton in June 2023, reducing by -3.2% against the previous month. In general, import price indicated a tangible expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, cocoa powder with sugar import price decreased by -3.7% against April 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 31% m-o-m. Over the period under review, average import prices reached the peak figure at $4,766 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($10,056 per ton), while the price for Germany ($3,814 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 Belgium (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cocoa Powder with Sugar in Spain (FOB) - 2023

The average cocoa powder with sugar export price stood at $5,566 per ton in June 2023, declining by -7.8% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 44% month-to-month. As a result, the export price attained the peak level of $6,502 per ton. From January 2023 to June 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was the United States ($7,796 per ton), while the average price for exports to Portugal ($4,333 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa Powder with Sugar in Spain

In 2022, approx. 2.3K tons of cocoa powder (containing added sugar) were imported into Spain; with a decrease of -68.8% against the previous year's figure. Overall, imports saw a dramatic downturn. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of 7.4K tons, and then declined dramatically in the following year.

In value terms, cocoa powder with sugar imports fell remarkably to $8.2M in 2022. In general, imports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. As a result, imports reached the peak of $18M, and then reduced rapidly in the following year.

Import of Cocoa Powder with Sugar in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany6.97.79.53.7-18.8%
Belgium2.83.12.71.2-24.6%
Italy2.11.71.61.1-19.4%
Portugal0.20.51.10.965.1%
Netherlands3.50.30.30.2-61.5%
France0.30.20.10.2-12.6%
Croatia0.10.30.20.226.0%
AustriaN/AN/AN/A0.10%
Latvia0.50.30.6N/A9.5%
Others0.30.11.40.626.0%
Total16.614.217.58.2-20.9%

Top Suppliers of Cocoa Powder with Sugar to Spain in 2022:

  1. Germany (1264.9 tons)
  2. Portugal (305.1 tons)
  3. Belgium (282.1 tons)
  4. Italy (132.8 tons)
  5. France (67.9 tons)
  6. Croatia (67.8 tons)
  7. Austria (50.9 tons)
  8. Netherlands (44.9 tons)

Exports of Cocoa Powder with Sugar in Spain

In 2022, shipments abroad of cocoa powder (containing added sugar) decreased by -8.5% to 1.4K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 95%.

In value terms, cocoa powder with sugar exports soared to $7.8M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Cocoa Powder with Sugar in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3442034.42,09582.6%
Morocco66.07991,337959144.0%
France23584092294058.7%
Portugal5318531,0045803.0%
Chile25.8610392263116.8%
Canada10.95.099.8249183.7%
Cuba23.00.154.4218111.6%
Belgium12.610.313.8208154.6%
China28.714027718686.4%
Andorra95.611089.513813.0%
Ukraine48.197.597.511834.9%
Italy39911912387.6-39.7%
Malaysia9.29.049.478.1104.0%
Others2,4001,8611,9521,709-10.7%
Total4,2295,6586,4157,82922.8%

Top Export Markets for Cocoa Powder with Sugar from Spain in 2022:

  1. Morocco (293.8 tons)
  2. United States (219.6 tons)
  3. France (190.8 tons)
  4. Portugal (140.7 tons)
  5. Cuba (56.2 tons)
  6. Belgium (50.8 tons)
  7. China (44.8 tons)
  8. Chile (36.2 tons)
  9. Ukraine (30.8 tons)
  10. Andorra (23.7 tons)
  11. Malaysia (21.6 tons)
  12. Canada (21.2 tons)
  13. Italy (16.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for cocoa powder with sugar 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 10821400 - Cocoa powder, 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. 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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