Finland: Cocoa Butter Market Overview 2020

Cocoa Butter Market Size in Finland

The revenue of the cocoa butter market in Finland amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, cocoa butter consumption, however, continues to indicate a measured decline. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the cocoa butter market reached its maximum level at $X in 2010; however, from 2011 to 2018, consumption remained at a lower figure.

Cocoa Butter Production in Finland

In value terms, cocoa butter production stood at $X in 2018 estimated in export prices. In general, cocoa butter production, however, continues to indicate a drastic decrease. The pace of growth appeared the most rapid in 2010 when production volume increased by X% year-to-year. Cocoa butter production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Cocoa Butter Exports

Exports from Finland

In 2018, the amount of cocoa butter exported from Finland stood at X tonnes, declining by -X% against the previous year. Overall, cocoa butter exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. Over the period under review, cocoa butter exports attained their maximum at X tonnes in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

In value terms, cocoa butter exports amounted to $X in 2018. In general, cocoa butter exports continue to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, cocoa butter exports reached their maximum at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

The Netherlands (X tonnes), the UK (X tonnes) and Germany (X tonnes) were the main destinations of cocoa butter exports from Finland, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the Netherlands, while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cocoa butter exported from Finland were the UK ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the UK recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced a decline.

Export Prices by Country

The average cocoa butter export price stood at $X per tonne in 2018, going down by -X% against the previous year. Overall, the cocoa butter export price continues to indicate a deep slump. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the UK ($X per tonne), while the average price for exports to Germany ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Cocoa Butter Imports

Imports into Finland

In 2018, approx. X tonnes of cocoa butter were imported into Finland; going down by -X% against the previous year. Over the period under review, cocoa butter imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. In that year, cocoa butter imports attained their peak of X tonnes. From 2015 to 2018, the growth of cocoa butter imports remained at a lower figure.

In value terms, cocoa butter imports totaled $X in 2018. Over the period under review, cocoa butter imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X% y-o-y. In that year, cocoa butter imports reached their peak of $X. From 2015 to 2018, the growth of cocoa butter imports failed to regain its momentum.

Imports by Country

In 2018, the Netherlands (X tonnes) constituted the largest cocoa butter supplier to Finland, accounting for a X% share of total imports. Moreover, cocoa butter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), fourfold.

From 2007 to 2018, the average annual growth rate of volume from the Netherlands totaled -X%.

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

From 2007 to 2018, the average annual rate of growth in terms of value from the Netherlands was relatively modest.

Import Prices by Country

The average cocoa butter import price stood at $X per tonne in 2018, shrinking by -X% against the previous year. In general, the import price indicated modest growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cocoa butter import price decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per tonne), while the price for the Netherlands amounted to $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands.

Source: IndexBox AI Platform