France: Cocoa Butter Market Overview 2021

Cocoa Butter Market Size in France

In 2020, the French cocoa butter market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. Overall, consumption, however, recorded a abrupt shrinkage. Cocoa butter consumption peaked at $X in 2009; however, from 2010 to 2020, consumption remained at a lower figure.

Cocoa Butter Production in France

In value terms, cocoa butter production declined slightly to $X in 2020 estimated in export prices. Overall, production recorded a pronounced reduction. The most prominent rate of growth was recorded in 2009 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2010 to 2020, production growth remained at a somewhat lower figure.

Cocoa Butter Exports

Exports from France

For the third year in a row, France recorded decline in overseas shipments of cocoa butter, which decreased by -X% to X tonnes in 2020. Over the period under review, exports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, cocoa butter exports contracted sharply to $X in 2020. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tonnes), Italy (X tonnes) and Poland (X tonnes) were the main destinations of cocoa butter exports from France, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Italy, while shipments for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X) remains the key foreign market for cocoa butter exports from France, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Belgium amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Poland (+X% per year).

Export Prices by Country

The average cocoa butter export price stood at $X per tonne in 2020, surging by X% against the previous year. Overall, export price indicated noticeable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2015 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied noticeably for the major foreign markets. In 2020, the countries with the highest prices were Belgium ($X per tonne) and Germany ($X per tonne), while the average price for exports to Switzerland ($X per tonne) and the UK ($X per tonne) were amongst the lowest.

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

Cocoa Butter Imports

Imports into France

In 2020, the amount of cocoa butter imported into France declined slightly to X tonnes, remaining constant against 2019 figures. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, cocoa butter imports reached $X in 2020. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

Cote d'Ivoire (X tonnes), Cameroon (X tonnes) and Ghana (X tonnes) were the main suppliers of cocoa butter imports to France, together accounting for X% of total imports. The Netherlands, Malaysia, Indonesia, Spain, Nigeria, Turkey and Germany lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Cameroon ($X) and Ghana ($X) appeared to be the largest cocoa butter suppliers to France, together accounting for X% of total imports. The Netherlands, Indonesia, Malaysia, Nigeria, Spain, Turkey and Germany lagged somewhat behind, together comprising a further X the main suppliers, Turkey (+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 butter import price stood at $X per tonne in 2020, leveling off at the previous year. In general, the import price recorded a slight expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa butter in the world?

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China (880K tonnes) constituted the country with the largest volume of cocoa butter consumption, comprising approx. 16% of total volume. Moreover, cocoa butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (399K tonnes), twofold. India (360K tonnes) ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of cocoa butter in the world?

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China (872K tonnes) constituted the country with the largest volume of cocoa butter production, accounting for 16% of total volume. Moreover, cocoa butter production in China exceeded the figures recorded by the second-largest producer, India (359K tonnes), twofold. The third position in this ranking was occupied by the U.S. (321K tonnes), with a 5.9% share.

What are the leading suppliers of cocoa butter to France?

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In value terms, the largest cocoa butter suppliers to France were Cote d'Ivoire ($120M), Cameroon ($80M) and Ghana ($47M), together accounting for 66% of total imports. These countries were followed by the Netherlands, Indonesia, Malaysia, Nigeria, Spain, Turkey and Germany, which together accounted for a further 29%.

What are the leading importers of cocoa butter from France?

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In value terms, Belgium ($96M) remains the key foreign market for cocoa butter exports from France, comprising 27% of total exports. The second position in the ranking was occupied by Italy ($47M), with a 13% share of total exports. It was followed by Poland, with a 13% share.

What is the average export price for cocoa butter in France?

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The average cocoa butter export price stood at $6,189 per tonne in 2020, growing by 5.2% against the previous year.

What is the average import price for cocoa butter in France?

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In 2020, the average cocoa butter import price amounted to $5,271 per tonne, stabilizing at the previous year.