Ireland: Cocoa Butter Market Overview 2020

Cocoa Butter Market Size in Ireland

The revenue of the cocoa butter market in Ireland amounted to $X in 2018, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, cocoa butter consumption continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. Over the period under review, the cocoa butter market reached its maximum level at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

Cocoa Butter Exports

Exports from Ireland

In 2018, approx. X tonnes of cocoa butter were exported from Ireland; dropping by -X% against the previous year. In general, cocoa butter exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, cocoa butter exports amounted to $X in 2018. In general, 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% y-o-y. In that year, cocoa butter exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

The UK (X tonnes) and the Netherlands (X tonnes) were the main destinations of cocoa butter exports from Ireland, together comprising X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the Netherlands.

In value terms, the UK ($X) and the Netherlands ($X) were the largest markets for cocoa butter exported from Ireland worldwide, with a combined X% share of total exports.

The Netherlands experienced the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven-year period.

Export Prices by Country

In 2018, the average cocoa butter export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the cocoa butter export price, however, continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2009; however, from 2010 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the UK ($X per tonne), while the average price for exports to the Netherlands totaled $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands.

Cocoa Butter Imports

Imports into Ireland

Cocoa butter imports into Ireland stood at X tonnes in 2018, flattening at the previous year. In general, cocoa butter imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, cocoa butter imports stood at $X in 2018. In general, cocoa butter imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, cocoa butter imports reached their peak figure at $X in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

Imports by Country

The UK (X tonnes) and Cote d'Ivoire (X tonnes) were the main suppliers of cocoa butter imports to Ireland, 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 Cote d'Ivoire.

In value terms, the largest cocoa butter suppliers to Ireland were the UK ($X) and Cote d'Ivoire ($X), together comprising X% of total imports.

Cote d'Ivoire recorded the highest rates of growth with regard to imports, among the main suppliers over the last eleven years.

Import Prices by Country

In 2018, the average cocoa butter import price amounted to $X per tonne, falling by -X% against the previous year. In general, the cocoa butter import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2010; however, from 2011 to 2018, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2018, the country with the highest price was Cote d'Ivoire ($X per tonne), while the price for the UK amounted to $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire.

Source: IndexBox AI Platform