Denmark: Cocoa Butter Market 2024

Cocoa Butter Market Size in Denmark

The Danish cocoa butter market declined modestly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt contraction. Cocoa butter consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cocoa Butter Production in Denmark

In value terms, cocoa butter production contracted slightly to $X in 2022 estimated in export price. In general, production saw a sharp reduction. The growth pace was the most rapid in 2021 with an increase of X%. Cocoa butter production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Cocoa Butter Exports

Exports from Denmark

In 2022, the amount of cocoa butter exported from Denmark reduced rapidly to X tons, shrinking by X% against 2021. Overall, exports showed a sharp contraction. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cocoa butter exports dropped markedly to $X in 2022. In general, exports faced a deep setback. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X tons), the UK (X kg) and Norway (X kg) were the main destinations of cocoa butter exports from Denmark, with a combined X% share of total exports. Faroe Islands, Germany and Greenland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Faroe Islands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Norway ($X) and the UK ($X) appeared to be the largest markets for cocoa butter exported from Denmark worldwide, together comprising X% of total exports. Faroe Islands, Greenland and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Faroe Islands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cocoa butter export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, showed buoyant growth. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 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 Greenland ($X per ton), while the average price for exports to the UK ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Butter Imports

Imports into Denmark

In 2022, the amount of cocoa butter imported into Denmark dropped to X tons, reducing by X% against 2021. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cocoa butter imports declined rapidly to $X in 2022. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) was the main supplier of cocoa butter to Denmark, with a X% share of total imports. Moreover, cocoa butter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cocoa butter to Denmark, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

Import Prices by Country

The average cocoa butter import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price 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 growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then fell sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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