France: Cocoa Butter Market Overview 2020

Cocoa Butter Market Size in France

The revenue of the cocoa butter market in France amounted to $X in 2018, jumping by X% against the previous year. In general, cocoa butter consumption, however, continues to indicate a drastic slump. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, the cocoa butter market reached its peak figure level at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Cocoa Butter Production in France

In value terms, cocoa butter production stood at $X in 2018 estimated in export prices. In general, cocoa butter production continues to indicate a deep drop. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. In that year, cocoa butter production reached its peak level of $X. From 2010 to 2018, cocoa butter production growth remained at a lower figure.

Cocoa Butter Exports

Exports from France

In 2018, the amount of cocoa butter exported from France totaled X tonnes, reducing by -X% against the previous year. Overall, cocoa butter exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, cocoa butter exports attained their peak figure at X tonnes in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, cocoa butter exports totaled $X in 2018. The total export value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, cocoa butter exports reached their maximum at $X in 2017, and then declined slightly in the following year.

Exports by Country

Belgium (X tonnes) was the main destination for cocoa butter exports from France, with a X% share of total exports. Moreover, cocoa butter exports to Belgium exceeded the volume sent to the second major destination, Poland (X tonnes), twofold. The third position in this ranking was occupied by Switzerland (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Belgium stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Switzerland (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Switzerland (+X% per year).

Export Prices by Country

In 2018, the average cocoa butter export price amounted to $X per tonne, going down by -X% against the previous year. In general, the export price indicated moderate 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 export price decreased by -X% against 2014 indices. The growth pace was the most rapid in 2014 when the average export price increased by X% year-to-year. In that year, the average export prices for cocoa butter reached their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average export prices for cocoa butter failed to regain its momentum.

Average prices varied noticeably for the major foreign markets. In 2018, the highest prices were recorded for prices to Belgium ($X per tonne) and Poland ($X per tonne), while the average price for exports to Switzerland ($X per tonne) and Italy ($X per tonne) were amongst the lowest.

From 2007 to 2018, 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 2018, the amount of cocoa butter imported into France amounted to X tonnes, growing by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, cocoa butter imports reached their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, cocoa butter imports stood at $X in 2018. Over the period under review, the total imports indicated a modest expansion from 2007 to 2018: its value 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 imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, cocoa butter imports reached their peak figure at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

Cote d'Ivoire (X tonnes), Cameroon (X tonnes) and the Netherlands (X tonnes) were the main suppliers of cocoa butter imports to France, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Cameroon, while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Cameroon ($X) and Thailand ($X) appeared to be the largest cocoa butter suppliers to France, with a combined X% share of total imports.

In terms of the main suppliers, Cameroon recorded the highest growth rate of imports, over the last eleven years, while 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 2018, going down by -X% against the previous year. In general, the cocoa butter import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Thailand ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform