Belarus: Cocoa Powder Market 2024

Cocoa Powder Market Size in Belarus

In 2022, the Belarusian cocoa powder market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then fell in the following year.

Cocoa Powder Production in Belarus

In value terms, cocoa powder production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Cocoa Powder Exports

Exports from Belarus

In 2022, approx. X tons of cocoa powder (not sweetened) were exported from Belarus; growing by X% against 2021 figures. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, cocoa powder exports skyrocketed to $X in 2022. Overall, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for cocoa powder exports from Belarus, accounting for a X% share of total exports. Moreover, cocoa powder exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), eightfold. The third position in this ranking was held by Uzbekistan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Uzbekistan (X% per year).

In value terms, Russia ($X) remains the key foreign market for cocoa powder (not sweetened) exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Ukraine ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Latvia (X% per year).

Export Prices by Country

The average cocoa powder export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, showed a noticeable descent. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Uzbekistan ($X 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 Latvia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cocoa Powder Imports

Imports into Belarus

In 2022, supplies from abroad of cocoa powder (not sweetened) decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, cocoa powder imports contracted modestly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

Cote d'Ivoire (X tons), Ghana (X tons) and Germany (X tons) were the main suppliers of cocoa powder imports to Belarus, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Cote d'Ivoire ($X) and Ghana ($X) appeared to be the largest cocoa powder suppliers to Belarus, together accounting for X% of total imports.

Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cocoa powder import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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