Israel: Cocoa Powder Market 2024

Cocoa Powder Market Size in Israel

The Israeli cocoa powder market fell remarkably to $X in 2022, shrinking by X% against the previous year. Overall, consumption continues to indicate a pronounced descent. Cocoa powder consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Cocoa Powder Production in Israel

In value terms, cocoa powder production reduced sharply to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Cocoa powder production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Cocoa Powder Exports

Exports from Israel

In 2022, after two years of decline, there was significant growth in shipments abroad of cocoa powder (not sweetened), when their volume increased by X% to X tons. In general, exports recorded temperate growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cocoa powder exports surged to $X in 2022. Overall, exports, however, saw a noticeable descent. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for cocoa powder exports from Israel, accounting for a X% share of total exports. Moreover, cocoa powder exports to the United States exceeded the volume sent to the second major destination, Kenya (X tons), more than tenfold. Canada (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Canada (X% per year).

In value terms, the United States ($X) remains the key foreign market for cocoa powder (not sweetened) exports from Israel, comprising X% of total exports. The second position in the ranking was held by Kenya ($X), with a X% share of total exports. It was followed by Canada, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Canada (X% per year).

Export Prices by Country

The average cocoa powder export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to France ($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 Kenya (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cocoa Powder Imports

Imports into Israel

In 2022, the amount of cocoa powder (not sweetened) imported into Israel reduced to X tons, waning by X% against the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cocoa powder imports dropped to $X in 2022. Overall, imports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Switzerland (X tons), Singapore (X tons) and the Netherlands (X tons) were the main suppliers of cocoa powder imports to Israel, together comprising X% of total imports. Turkey, France, Spain and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest cocoa powder suppliers to Israel were Switzerland ($X), Singapore ($X) and the Netherlands ($X), with a combined X% share of total imports. Turkey, France, Spain and Germany lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cocoa powder import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a deep downturn. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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