Croatia: Cocoa Butter Market Overview 2020

Cocoa Butter Market Size in Croatia

The revenue of the cocoa butter market in Croatia amounted to $X in 2018, going up by X% against the previous year. Overall, the total market indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cocoa butter consumption decreased by -X% against 2015 indices. The growth pace was the most rapid in 2008 when the market value increased by X% y-o-y. Cocoa butter consumption peaked at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Cocoa Butter Production in Croatia

In value terms, cocoa butter production totaled $X in 2018 estimated in export prices. Overall, cocoa butter production continues to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2008 when production volume increased by X% against the previous year. Over the period under review, cocoa butter production reached its maximum level at $X in 2012; however, from 2013 to 2018, production remained at a lower figure.

Cocoa Butter Exports

Exports from Croatia

In 2018, approx. X tonnes of cocoa butter were exported from Croatia; growing by X% against the previous year. In general, cocoa butter exports continue to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. In that year, cocoa butter exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, cocoa butter exports amounted to $X in 2018. In general, cocoa butter exports continue to indicate a skyrocketing expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. In that year, cocoa butter exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

The Netherlands (X tonnes) was the main destination for cocoa butter exports from Croatia, accounting for a X% share of total exports. Moreover, cocoa butter exports to the Netherlands exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tonnes), sixfold. Slovenia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to the Netherlands totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+X% per year) and Slovenia (+X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for cocoa butter exports from Croatia, comprising X% of total cocoa butter exports. The second position in the ranking was occupied by Montenegro ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to the Netherlands totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+X% per year) and Bosnia and Herzegovina (+X% per year).

Export Prices by Country

The average cocoa butter export price stood at $X per tonne in 2018, shrinking by -X% against the previous year. Over the period under review, the cocoa butter export price continues to indicate a moderate contraction. The growth pace was the most rapid in 2012 an increase of X% against the previous year. Over the period under review, the average export prices for cocoa butter attained their maximum at $X per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Montenegro ($X per tonne), while the average price for exports to Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro, while the prices for the other major destinations experienced a decline.

Cocoa Butter Imports

Imports into Croatia

In 2018, the amount of cocoa butter imported into Croatia stood at X tonnes, lowering by -X% against the previous year. Overall, cocoa butter imports continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Imports peaked at X tonnes in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, cocoa butter imports totaled $X in 2018. Over the period under review, cocoa butter imports continue to indicate a noticeable drop. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

Germany (X tonnes), the Netherlands (X tonnes) and Turkey (X tonnes) were the main suppliers of cocoa butter imports to Croatia, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Turkey ($X) appeared to be the largest cocoa butter suppliers to Croatia, with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average cocoa butter import price amounted to $X per tonne, waning by -X% against the previous year. In general, the cocoa butter import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. In that year, the average import prices for cocoa butter reached their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average import prices for cocoa butter remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform