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Finland - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Cocoa Powder Market Overview 2021

Cocoa Powder Market Size in Finland

The Finnish cocoa powder market was finally on the rise to reach $X in 2020, after three years of decline. In general, consumption posted perceptible growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2012 to 2020, the growth of the market failed to regain the momentum.

Cocoa Powder Production in Finland

In value terms, cocoa powder production rose significantly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated strong growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs in 2020 and is likely to see steady growth in the near future.

Cocoa Powder Exports

Exports from Finland

In 2020, the amount of cocoa powder (not sweetened) exported from Finland fell sharply to X tonnes, shrinking by -X% on the previous year's figure. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, cocoa powder exports contracted dramatically to $X in 2020. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Estonia (X tonnes), Latvia (X tonnes) and Sweden (X kg) were the main destinations of cocoa powder exports from Finland, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia, while exports for the other leaders experienced mixed trend patterns.

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

From 2007 to 2020, the average annual growth rate of value to Estonia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Latvia (+X% per year).

Export Prices by Country

The average cocoa powder export price stood at $X per tonne in 2020, jumping by X% against the previous year. In general, the export price saw a buoyant expansion. Over the period under review, average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Russia ($X per tonne), while the average price for exports to Latvia ($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 Sweden, while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Powder Imports

Imports into Finland

In 2020, supplies from abroad of cocoa powder (not sweetened) was finally on the rise to reach X tonnes for the first time since 2016, thus ending a three-year declining trend. In general, total imports indicated mild growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes. From 2017 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, cocoa powder imports surged to $X in 2020. Overall, imports showed tangible growth. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2012 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest cocoa powder supplier to Finland, accounting for a X% share of total imports. Moreover, cocoa powder imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Norway (X tonnes), twofold. The third position in this ranking was occupied by Sweden (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the Netherlands stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+X% per year) and Sweden (+X% per year).

In value terms, the Netherlands ($X), Norway ($X) and Sweden ($X) constituted the largest cocoa powder suppliers to Finland, together accounting for X% of total imports. These countries were followed by Germany, Peru, Spain and France, which together accounted for a further X terms of the main suppliers, Spain (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cocoa powder import price stood at $X per tonne in 2020, dropping by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Peru ($X per tonne) and Spain ($X per tonne), while the price for the Netherlands ($X per tonne) and Sweden ($X per tonne) were amongst the lowest.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa powder (not sweetened) in the world?
+
The countries with the highest volumes of cocoa powder consumption in 2020 were China (492K tonnes), the U.S. (276K tonnes) and Brazil (172K tonnes), with a combined 31% share of global consumption.
What are the largest producers of cocoa powder (not sweetened) in the world?
+
The countries with the highest volumes of cocoa powder production in 2020 were China (462K tonnes), the Netherlands (237K tonnes) and the U.S. (208K tonnes), together comprising 30% of global production. Brazil, India, Germany, Spain, Indonesia, Pakistan, Nigeria, Bangladesh, Malaysia and Russia lagged somewhat behind, together accounting for a further 33%.
What are the leading suppliers of cocoa powder (not sweetened) to Finland?
+
In value terms, the largest cocoa powder suppliers to Finland were the Netherlands ($1.1M), Norway ($604K) and Sweden ($554K), together accounting for 71% of total imports. Germany, Peru, Spain and France lagged somewhat behind, together comprising a further 26%.
What are the leading importers of cocoa powder (not sweetened) from Finland?
+
In value terms, Estonia ($56K) emerged as the key foreign market for cocoa powder exports from Finland, comprising 60% of total exports. The second position in the ranking was occupied by Russia ($25K), with a 26% share of total exports. It was followed by Latvia, with a 9.3% share.
What is the average export price for cocoa powder (not sweetened) in Finland?
+
In 2020, the average cocoa powder export price amounted to $5,762 per tonne, rising by 106% against the previous year.
What is the average import price for cocoa powder (not sweetened) in Finland?
+
The average cocoa powder import price stood at $2,909 per tonne in 2020, which is down by -14.8% against the previous year.

Product coverage:
• Prodcom 10821300 - Cocoa powder, not containing added sugar or other sweetening matter

This report provides an in-depth analysis of the cocoa powder 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
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 2025
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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