Greece: Cocoa Butter Market 2024

Cocoa Butter Market Size in Greece

In 2022, the Greek cocoa butter market increased by X% to $X, rising for the fourth consecutive year after four years of decline. In general, consumption, however, recorded a perceptible curtailment. Cocoa butter consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cocoa Butter Production in Greece

In value terms, cocoa butter production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Cocoa Butter Exports

Exports from Greece

In 2022, the amount of cocoa butter exported from Greece reduced rapidly to X tons, declining by X% on 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, cocoa butter exports contracted sharply to $X in 2022. Over the period under review, exports, however, saw a temperate increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Bulgaria (X tons) was the main destination for cocoa butter exports from Greece, with a X% share of total exports. Moreover, cocoa butter exports to Bulgaria exceeded the volume sent to the second major destination, Romania (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bulgaria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Cyprus (X% per year).

In value terms, Bulgaria ($X) remains the key foreign market for cocoa butter exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bulgaria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Cyprus (X% per year).

Export Prices by Country

The average cocoa butter export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, export price indicated a temperate 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 2014 indices. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

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

Cocoa Butter Imports

Imports into Greece

In 2022, the amount of cocoa butter imported into Greece expanded remarkably to X tons, increasing by X% on the previous year. 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 2019 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cocoa butter imports reduced to $X in 2022. Overall, total imports indicated a strong 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 attained 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 Greece, 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 tons), threefold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

Import Prices by Country

The average cocoa butter import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, import price indicated a pronounced 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 2014 indices. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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