Europe: Cocoa Powder Market 2024

Cocoa Powder Market Size in Europe

In 2022, the Europe cocoa powder market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a perceptible curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cocoa Powder Production in Europe

In value terms, cocoa powder production expanded to $X in 2022 estimated in export price. Over the period under review, production showed a mild reduction. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cocoa Powder Exports

Exports in Europe

In 2022, exports of cocoa powder (not sweetened) in Europe declined slightly to X tons, almost unchanged from the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa powder exports amounted to $X in 2022. Overall, exports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the Netherlands (X tons) represented the major exporter of cocoa powder (not sweetened), achieving X% of total exports. It was distantly followed by Germany (X tons), Spain (X tons) and France (X tons), together comprising a X% share of total exports. Italy (X tons) followed a long way behind the leaders.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Italy (X%), Germany (X%) and Spain (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. France experienced a relatively flat trend pattern. While the share of Germany (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest cocoa powder supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

In the Netherlands, cocoa powder exports decreased by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Spain (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, saw a perceptible decline. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in France ($X per ton) and the Netherlands ($X per ton), while Italy ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced a decline in the export price figures.

Cocoa Powder Imports

Imports in Europe

In 2022, overseas purchases of cocoa powder (not sweetened) increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume 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 observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cocoa powder imports expanded modestly to $X in 2022. In general, imports, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons), Russia (X tons), France (X tons), Italy (X tons), Germany (X tons), Belgium (X tons), Poland (X tons) and the UK (X tons) was the key importer of cocoa powder (not sweetened) in Europe, committing X% of total import. The following importers - Spain (X tons), Ukraine (X tons), Hungary (X tons), the Czech Republic (X tons) and Sweden (X tons) - together made up 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 the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa powder importing markets in Europe were the Netherlands ($X), Russia ($X) and Germany ($X), with a combined X% share of total imports. France, Italy, Belgium, Poland, the UK, Spain, Ukraine, Hungary, Sweden and the Czech Republic lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 Europe stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Sweden ($X per ton) and Belgium ($X per ton), while Russia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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