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Finland - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Cocoa Bean Market Overview 2021

Cocoa Bean Market Size in Finland

In 2020, the Finnish cocoa bean market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, posted strong growth. The growth pace was the most rapid in 2012 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Cocoa Bean Exports

Exports from Finland

In 2020, overseas shipments of cocoa beans decreased by -X% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Exports peaked at X tonnes in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, cocoa bean exports contracted dramatically to $X in 2020. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Estonia (X kg) was the main destination for cocoa bean exports from Finland, with a X% share of total exports. Moreover, cocoa bean exports to Estonia exceeded the volume sent to the second major destination, Russia (X kg), twofold. The third position in this ranking was occupied by the Czech Republic (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Estonia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-X% per year) and the Czech Republic (X% per year).

In value terms, Estonia ($X) remains the key foreign market for cocoa bean exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by Russia ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Estonia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2020, the average cocoa bean export price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the export price enjoyed strong growth. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Estonia ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Estonia, while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Bean Imports

Imports into Finland

In 2020, overseas purchases of cocoa beans decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, cocoa bean imports shrank slightly to $X in 2020. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Peru (X tonnes), Estonia (X tonnes) and Ecuador (X kg) were the main suppliers of cocoa bean imports to Finland, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (+X% per year), while imports for the other leaders experienced mixed trend patterns.

In value terms, Peru ($X) constituted the largest supplier of cocoa bean to Finland, comprising X% of total imports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Peru amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+X% per year) and Ecuador (-X% per year).

Import Prices by Country

The average cocoa bean import price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the import price posted a strong expansion. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Estonia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa beans in the world?
+
The countries with the highest volumes of cocoa bean consumption in 2020 were Indonesia (959K tonnes), Cote d'Ivoire (920K tonnes) and the Netherlands (819K tonnes), together comprising 42% of global consumption. Ghana, Belgium, the U.S., Brazil, Malaysia, Germany, Nigeria, France, Turkey and the UK lagged somewhat behind, together comprising a further 40%.
What are the largest producers of cocoa beans in the world?
+
Cote d'Ivoire (2.3M tonnes) remains the largest cocoa bean producing country worldwide, comprising approx. 37% of total volume. Moreover, cocoa bean production in Cote d'Ivoire exceeded the figures recorded by the second-largest producer, Ghana (831K tonnes), threefold. Indonesia (788K tonnes) ranked third in terms of total production with a 13% share.
What are the leading suppliers of cocoa beans to Finland?
+
In value terms, Peru ($166K) constituted the largest supplier of cocoa bean to Finland, comprising 79% of total imports. The second position in the ranking was occupied by Estonia ($41K), with a 19% share of total imports.
What are the leading importers of cocoa beans from Finland?
+
In value terms, Estonia ($582) remains the key foreign market for cocoa bean exports from Finland, comprising 73% of total exports. The second position in the ranking was occupied by Russia ($177), with a 22% share of total exports. It was followed by the Czech Republic, with a 3.8% share.
What is the average export price for cocoa beans in Finland?
+
The average cocoa bean export price stood at $14,981 per tonne in 2020, surging by 433% against the previous year.
What is the average import price for cocoa beans in Finland?
+
In 2020, the average cocoa bean import price amounted to $9,305 per tonne, jumping by 23% against the previous year.

Product coverage:
• FCL 661 - Cocoa beans

This report provides an in-depth analysis of the cocoa bean market in Finland. 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 2025.


Country coverage:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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