Eastern Europe: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Eastern Europe

In 2022, the East European cocoa powder with sugar market decreased by X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Eastern Europe

In value terms, cocoa powder with sugar production amounted to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value 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. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports in Eastern Europe

In 2022, overseas shipments of cocoa powder (containing added sugar) decreased by X% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, cocoa powder with sugar exports totaled $X in 2022. Overall, exports saw a deep downturn. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Hungary (X tons), Poland (X tons), Bulgaria (X tons), Romania (X tons), Lithuania (X tons), Russia (X tons) and the Czech Republic (X tons), together recording X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa powder with sugar supplying countries in Eastern Europe were Bulgaria ($X), Poland ($X) and Hungary ($X), together accounting for X% of total exports.

Among the main exporting countries, Bulgaria, with a CAGR of X%, saw the highest growth rate of 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 export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price saw a temperate expansion. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Hungary ($X per ton) was amongst the lowest.

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

Imports of Cocoa Powder (Containing Added Sugar)

Imports in Eastern Europe

In 2022, the amount of cocoa powder (containing added sugar) imported in Eastern Europe shrank to X tons, waning by X% against the year before. Overall, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cocoa powder with sugar imports contracted modestly to $X in 2022. Over the period under review, imports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons), distantly followed by the Czech Republic (X tons), Lithuania (X tons), Romania (X tons), Hungary (X tons), Slovakia (X tons) and Russia (X tons) were the key importers of cocoa powder (containing added sugar), together generating X% of total imports.

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

In value terms, the largest cocoa powder with sugar importing markets in Eastern Europe were Poland ($X), Romania ($X) and the Czech Republic ($X), with a combined X% share of total imports. Slovakia, Lithuania, Russia and Hungary lagged somewhat behind, together comprising a further X%.

Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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