Germany: Cocoa Butter Market 2024

Cocoa Butter Market Size in Germany

In 2022, the German cocoa butter market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Cocoa butter consumption peaked at $X in 2021, and then contracted in the following year.

Cocoa Butter Production in Germany

In value terms, cocoa butter production rose slightly to $X in 2022 estimated in export price. Over the period under review, production recorded mild growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Cocoa Butter Exports

Exports from Germany

In 2022, approx. X tons of cocoa butter were exported from Germany; standing approx. at the previous year's figure. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, cocoa butter exports shrank sharply to $X in 2022. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined notably in the following year.

Exports by Country

Poland (X tons), Belgium (X tons) and Italy (X tons) were the main destinations of cocoa butter exports from Germany, together comprising X% of total exports. France, the Netherlands, Switzerland, Finland, Austria, the UK, Slovakia, Ukraine and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Belgium ($X) and Italy ($X) constituted the largest markets for cocoa butter exported from Germany worldwide, with a combined X% share of total exports. France, the Netherlands, Switzerland, Finland, Austria, the UK, Slovakia, the Czech Republic and Ukraine lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cocoa butter export price amounted to $X per ton, falling by X% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa butter export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and Austria ($X per ton), while the average price for exports to Ukraine ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Butter Imports

Imports into Germany

In 2022, cocoa butter imports into Germany expanded slightly to X tons, growing by X% compared with 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cocoa butter imports contracted to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest cocoa butter supplier to Germany, with a X% share of total imports. Moreover, cocoa butter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Cote d'Ivoire (X tons), threefold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, 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: Cote d'Ivoire (X% per year) and Indonesia (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cocoa butter to Germany, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average cocoa butter import price amounted to $X per ton, which is down by X% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa butter import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and France ($X per ton), while the price for Malaysia ($X per ton) and Cameroon ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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