Greece: Cocoa Powder Market Overview 2020

Cocoa Powder Market Size in Greece

The revenue of the cocoa powder market in Greece amounted to $X in 2018, rising by X% against the previous year. Overall, the total market indicated a noticeable 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 powder consumption decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2010 when the market value increased by X% y-o-y. Cocoa powder consumption peaked at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Cocoa Powder Production in Greece

In value terms, cocoa powder production amounted to $X in 2018 estimated in export prices. Over the period under review, cocoa powder production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2010 when production volume increased by X% year-to-year. Cocoa powder production peaked at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Cocoa Powder Exports

Exports from Greece

Cocoa powder exports from Greece totaled X tonnes in 2018, coming down by -X% against the previous year. In general, cocoa powder exports continue to indicate a slight drop. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, cocoa powder exports stood at $X in 2018. Over the period under review, the total exports indicated buoyant growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. In that year, cocoa powder exports reached their peak of $X. From 2012 to 2018, the growth of cocoa powder exports remained at a somewhat lower figure.

Exports by Country

Romania (X tonnes) was the main destination for cocoa powder exports from Greece, with a X% share of total exports. Moreover, cocoa powder exports to Romania exceeded the volume sent to the second major destination, Bulgaria (X tonnes), fourfold. Cyprus (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Romania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+X% per year) and Cyprus (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value to Romania totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+X% per year) and Cyprus (+X% per year).

Export Prices by Country

In 2018, the average cocoa powder export price amounted to $X per tonne, falling by -X% against the previous year. Overall, the cocoa powder export price, however, continues to indicate a remarkable expansion. The pace of growth was the most pronounced in 2010 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per tonne), while the average price for exports to Tunisia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Powder Imports

Imports into Greece

In 2018, the imports of cocoa powder (not sweetened) into Greece amounted to X tonnes, lowering by -X% against the previous year. In general, cocoa powder imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when imports increased by X% against the previous year. In that year, cocoa powder imports attained their peak of X tonnes. From 2010 to 2018, the growth of cocoa powder imports failed to regain its momentum.

In value terms, cocoa powder imports totaled $X in 2018. In general, the total imports indicated noticeable growth 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. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the Netherlands (X tonnes) constituted the largest supplier of cocoa powder to Greece, with a X% share of total imports. Moreover, cocoa powder imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), threefold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (-X% per year).

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

From 2007 to 2018, 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: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The average cocoa powder import price stood at $X per tonne in 2018, lowering by -X% against the previous year. In general, the cocoa powder import price, however, continues to indicate moderate growth. 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 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform