
Finland - Cocoa Butter - Market Analysis, Forecast, Size, Trends and Insights
Finland: Cocoa Butter Market 2023
Cocoa Butter Market Size in Finland
The Finnish cocoa butter market declined modestly to $X in 2021, with a decrease of -4.3% against the previous year. Overall, consumption continues to indicate a pronounced setback. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.
Cocoa Butter Production in Finland
In value terms, cocoa butter production stood at $X in 2021 estimated in export price. Overall, production saw a precipitous curtailment. The growth pace was the most rapid in 2016 with an increase of 56%. Cocoa butter production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.
Cocoa Butter Exports
Exports from Finland
In 2021, approx. X tons of cocoa butter were exported from Finland; which is down by -86.7% on the year before. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 2,640%. Over the period under review, the exports hit record highs at X tons in 2020, and then fell dramatically in the following year.
In value terms, cocoa butter exports contracted remarkably to $X in 2021. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 1,765%. The exports peaked at $X in 2020, and then fell notably in the following year.
Exports by Country
Sweden (X tons) was the main destination for cocoa butter exports from Finland, accounting for a approx. 99% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to +156.0%.
In value terms, Sweden ($X) emerged as the key foreign market for cocoa butter exports from Finland.
From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to +178.7%.
Export Prices by Country
In 2021, the average cocoa butter export price amounted to $X per ton, increasing by 28% against the previous year. Over the period under review, the export price continues to indicate a mild increase. The pace of growth was the most pronounced in 2019 an increase of 88% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +95.9% per year.
Cocoa Butter Imports
Imports into Finland
Cocoa butter imports into Finland dropped to X tons in 2021, which is down by -13.7% on the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 67% against the previous year. Imports peaked at X tons in 2020, and then contracted in the following year.
In value terms, cocoa butter imports shrank to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 115% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.
Imports by Country
In 2021, the Netherlands (X tons) constituted the largest cocoa butter supplier to Finland, accounting for a 69% share of total imports. Moreover, cocoa butter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold.
From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +1.6%.
In value terms, the Netherlands ($X) constituted the largest supplier of cocoa butter to Finland, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with a 32% share of total imports.
From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +8.3%.
Import Prices by Country
In 2021, the average cocoa butter import price amounted to $X per ton, flattening at the previous year. Overall, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cocoa butter import price decreased by -17.6% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 45%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Netherlands amounted to $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.4%).
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the cocoa butter 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 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 Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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