Austria: Cocoa Powder Market 2023

Cocoa Powder Market Size in Austria

The Austrian cocoa powder market rose significantly to $X in 2021, surging by 10% against the previous year. Over the period under review, consumption, however, saw a pronounced slump. Cocoa powder consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Cocoa Powder Production in Austria

In value terms, cocoa powder production reached $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2015 when the production volume increased by 30%. Cocoa powder production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Cocoa Powder Exports

Exports from Austria

Cocoa powder exports from Austria totaled X tons in 2021, stabilizing at 2020. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 17% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, cocoa powder exports rose sharply to $X in 2021. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 25%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons), France (X tons) and Germany (X tons) were the main destinations of cocoa powder exports from Austria, with a combined 62% share of total exports. These countries were followed by Greece, Spain, Belgium, Slovakia and Norway, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +109.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Greece ($X) constituted the largest markets for cocoa powder exported from Austria worldwide, together comprising 59% of total exports. France, Spain, Belgium, Slovakia and Norway lagged somewhat behind, together accounting for a further 33%.

Spain, with a CAGR of +85.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cocoa powder export price amounted to $X per ton, growing by 8.1% against the previous year. Overall, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 23%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (-3.6%), while the prices for the other major destinations experienced a decline.

Cocoa Powder Imports

Imports into Austria

In 2021, purchases abroad of cocoa powder (not sweetened) decreased by -0.2% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 8.7% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, cocoa powder imports soared to $X in 2021. Overall, imports showed a abrupt descent. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of cocoa powder to Austria, with a 51% share of total imports. Moreover, cocoa powder imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.5% per year) and Spain (-5.8% per year).

In value terms, the largest cocoa powder suppliers to Austria were the Netherlands ($X), Germany ($X) and Italy ($X), with a combined 87% share of total imports.

Among the main suppliers, Italy, with a CAGR of +56.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average cocoa powder import price stood at $X per ton in 2021, rising by 17% against the previous year. Overall, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2016 an increase of 21% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Hungary ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+11.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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