Croatia: Cocoa Butter Market Overview 2021

Cocoa Butter Market Size in Croatia

In 2020, the Croatian cocoa butter market decreased by -X% to $X, falling for the third year in a row after two years of growth. Overall, consumption continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Cocoa Butter Production in Croatia

In value terms, cocoa butter production declined to $X in 2020 estimated in export prices. Overall, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Cocoa butter production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Cocoa Butter Exports

Exports from Croatia

In 2020, overseas shipments of cocoa butter increased by X% to X tonnes, rising for the seventh year in a row after two years of decline. Over the period under review, exports saw a strong expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cocoa butter exports skyrocketed to $X in 2020. In general, exports recorded a resilient expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria (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 Austria exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X kg), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Austria amounted to +X%.

From 2007 to 2020, the average annual rate of growth in terms of value to Austria stood at +X%.

Export Prices by Country

The average cocoa butter export price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the export price, however, showed a abrupt slump. Over the period under review, average export prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Bosnia and Herzegovina ($X per tonne), while the average price for exports to Austria totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina.

Cocoa Butter Imports

Imports into Croatia

Cocoa butter imports into Croatia dropped notably to X tonnes in 2020, declining by -X% compared with 2019 figures. Overall, imports showed a pronounced downturn. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Imports peaked at X tonnes in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, cocoa butter imports contracted to $X in 2020. In general, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

Germany (X tonnes), Turkey (X tonnes) and Poland (X tonnes) were the main suppliers of cocoa butter imports to Croatia, with a combined X% share of total imports. These countries were followed by France, the Netherlands and Spain, which together accounted for a further X 2007 to 2020, the biggest increases were in Spain, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and Poland ($X) appeared to be the largest cocoa butter suppliers to Croatia, with a combined X% share of total imports. France, the Netherlands and Spain lagged somewhat behind, together comprising a further X (+X% per year) saw the highest growth rate of the value of imports, among 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 2020, the average cocoa butter import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from France ($X per tonne) and the Netherlands ($X per tonne), while the price for Spain ($X per tonne) and Poland ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa butter in the world?

+

China (880K tonnes) remains the largest cocoa butter consuming country worldwide, comprising approx. 16% of total volume. Moreover, cocoa butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (399K tonnes), twofold. The third position in this ranking was occupied by India (360K tonnes), with a 6.5% share.

What are the largest producers of cocoa butter in the world?

+

China (872K tonnes) remains the largest cocoa butter producing country worldwide, comprising approx. 16% of total volume. Moreover, cocoa butter production in China exceeded the figures recorded by the second-largest producer, India (359K tonnes), twofold. The third position in this ranking was occupied by the U.S. (321K tonnes), with a 5.9% share.

What are the leading suppliers of cocoa butter to Croatia?

+

In value terms, Germany ($2.6M), Turkey ($2.1M) and Poland ($1.3M) appeared to be the largest cocoa butter suppliers to Croatia, together comprising 74% of total imports. These countries were followed by France, the Netherlands and Spain, which together accounted for a further 24%.

What is the average export price for cocoa butter in Croatia?

+

In 2020, the average cocoa butter export price amounted to $6,442 per tonne, picking up by 54% against the previous year.

What is the average import price for cocoa butter in Croatia?

+

In 2020, the average cocoa butter import price amounted to $6,174 per tonne, picking up by 16% against the previous year.