Croatia - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights

Croatia: Cocoa Powder Market Overview 2020

Cocoa Powder Market Size in Croatia

The revenue of the cocoa powder market in Croatia amounted to $X in 2018, going down by -X% against the previous year. In general, cocoa powder consumption continues to indicate a significant slump. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Cocoa powder consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Cocoa Powder Production in Croatia

In value terms, cocoa powder production amounted to $X in 2018 estimated in export prices. Overall, cocoa powder production continues to indicate a measured increase. The pace of growth appeared the most rapid in 2010 when production volume increased by X% y-o-y. Over the period under review, cocoa powder production attained its peak figure level at $X in 2014; however, from 2015 to 2018, production remained at a lower figure.

Cocoa Powder Exports

Exports from Croatia

In 2018, the amount of cocoa powder (not sweetened) exported from Croatia amounted to X tonnes, going up by X% against the previous year. Overall, cocoa powder exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. In that year, cocoa powder exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, cocoa powder exports totaled $X in 2018. In general, cocoa powder exports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. In that year, cocoa powder exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

Belgium (X tonnes), Bosnia and Herzegovina (X tonnes) and Serbia (X tonnes) were the main destinations of cocoa powder exports from Croatia, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Serbia, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cocoa powder exported from Croatia were Bosnia and Herzegovina ($X), Belgium ($X) and Macedonia ($X), together comprising X% of total exports.

Among the main countries of destination, Macedonia recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average cocoa powder export price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the cocoa powder export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 an increase of X% y-o-y. The export price peaked at $X per tonne in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Macedonia ($X per tonne), while the average price for exports to Germany ($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 Macedonia, while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Powder Imports

Imports into Croatia

In 2018, the imports of cocoa powder (not sweetened) into Croatia stood at X tonnes, approximately equating the previous year. In general, cocoa powder imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, cocoa powder imports amounted to $X in 2018. In general, the total imports indicated a measured increase from 2007 to 2018: its value decreased 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 powder imports decreased by -X% against 2016 indices. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tonnes), Turkey (X tonnes) and Germany (X tonnes) were the main suppliers of cocoa powder imports to Croatia, together comprising X% of total imports. These countries were followed by France, China, Spain and Indonesia, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Turkey ($X) and France ($X) appeared to be the largest cocoa powder suppliers to Croatia, together comprising X% of total imports. Germany, China, Spain and Indonesia lagged somewhat behind, together accounting for a further X the main suppliers, China recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average cocoa powder import price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the cocoa powder import price continues to indicate temperate growth. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, the average import prices for cocoa powder (not sweetened) attained their peak figure at $X per tonne in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox AI Platform