
EU - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
EU: Cocoa Bean Market 2023
Cocoa Bean Market Size in the EU
The EU cocoa bean market expanded rapidly to $X in 2021, increasing by 5.7% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.
Cocoa Bean Production in the EU
In value terms, cocoa bean production declined to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 17% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.
The country with the largest volume of cocoa bean production was Estonia (X tons), accounting for 98% of total volume. It was followed by Lithuania (X tons), with a 1.8% share of total production.
From 2012 to 2021, the average annual growth rate of volume in Estonia was relatively modest.
Cocoa Bean Exports
Exports in the EU
In 2021, shipments abroad of cocoa beans increased by 18% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted noticeable growth. The most prominent rate of growth was recorded in 2020 when exports increased by 92%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.
In value terms, cocoa bean exports skyrocketed to $X in 2021. Over the period under review, exports showed a temperate increase. The most prominent rate of growth was recorded in 2020 with an increase of 106%. The level of export peaked in 2021 and is likely to continue growth in years to come.
Exports by Country
The Netherlands (X tons) and Belgium (X tons) dominates exports structure, together committing 94% of total exports. The following exporters - Germany (X tons) and Estonia (X tons) - each resulted at a 5.3% share of total exports.
From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +7.0%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest cocoa bean supplying countries in the European Union were the Netherlands ($X), Belgium ($X) and Germany ($X), together accounting for 97% of total exports.
In terms of the main exporting countries, Belgium, with a CAGR of +6.9%, 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
The export price in the European Union stood at $X per ton in 2021, remaining constant against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by 12% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.
Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Germany ($X per ton) and Belgium ($X per ton), while the Netherlands ($X per ton) and Estonia ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the other leaders experienced mixed trends in the export price figures.
Cocoa Bean Imports
Imports in the EU
In 2021, cocoa bean imports in the European Union amounted to X tons, increasing by 5.9% against the previous year's figure. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by 12%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.
In value terms, cocoa bean imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 17%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.
Imports by Country
In 2021, the Netherlands (X tons) represented the key importer of cocoa beans, constituting 39% of total imports. Germany (X tons) took the second position in the ranking, followed by Belgium (X tons), France (X tons), Italy (X tons) and Spain (X tons). All these countries together held approx. 57% share of total imports.
From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +6.0%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) were the countries with the highest levels of imports in 2021, together accounting for 76% of total imports.
Belgium, with a CAGR of +5.8%, 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
The import price in the European Union stood at $X per ton in 2021, with an increase of 3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 16% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Italy ($X per ton) and France ($X per ton), while the Netherlands ($X per ton) and Spain ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+0.8%), while the other leaders experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the cocoa bean market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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