Italy: Cocoa Butter Market Overview 2020

Cocoa Butter Market Size in Italy

The revenue of the cocoa butter market in Italy amounted to $X in 2018, rising by X% against the previous year. Overall, the total market indicated remarkable 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. Based on 2018 figures, cocoa butter consumption decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when the market value increased by X% year-to-year. Over the period under review, the cocoa butter market reached its peak figure level at $X in 2016; however, from 2017 to 2018, consumption remained at a lower figure.

Cocoa Butter Production in Italy

In value terms, cocoa butter production totaled $X in 2018 estimated in export prices. Overall, cocoa butter production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2008 when production volume increased by X% y-o-y. Cocoa butter production peaked in 2018 and is likely to see steady growth in the near future.

Cocoa Butter Exports

Exports from Italy

In 2018, approx. X tonnes of cocoa butter were exported from Italy; increasing by X% against the previous year. Over the period under review, cocoa butter exports, however, continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, cocoa butter exports amounted to $X in 2018. Overall, cocoa butter exports, however, continue to indicate a slight contraction. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Poland (X tonnes) was the main destination for cocoa butter exports from Italy, accounting for a X% share of total exports. Moreover, cocoa butter exports to Poland exceeded the volume sent to the second major destination, the Netherlands (X tonnes), tenfold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Poland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and France (-X% per year).

In value terms, Poland ($X) remains the key foreign market for cocoa butter exports from Italy, comprising X% of total cocoa butter exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Poland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2018, the average cocoa butter export price amounted to $X per tonne, growing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. The export price peaked at $X per tonne in 2016; however, from 2017 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per tonne), while the average price for exports to New Caledonia ($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 France, while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Butter Imports

Imports into Italy

In 2018, the amount of cocoa butter imported into Italy amounted to X tonnes, growing by X% against the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, cocoa butter imports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, cocoa butter imports amounted to $X in 2018. In general, the total imports indicated a prominent increase from 2007 to 2018: its value increased 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 2014 with an increase of X% year-to-year. In that year, cocoa butter imports attained their peak of $X. From 2015 to 2018, the growth of cocoa butter imports remained at a lower figure.

Imports by Country

France (X tonnes), Germany (X tonnes) and the Netherlands (X tonnes) were the main suppliers of cocoa butter imports to Italy, together comprising X% of total imports. These countries were followed by Cote d'Ivoire, Spain and Nigeria, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Nigeria, while the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa butter suppliers to Italy were Germany ($X), France ($X) and the Netherlands ($X), together accounting for X% of total imports.

Germany recorded the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average cocoa butter import price amounted to $X per tonne, approximately mirroring the previous year. Overall, the import price indicated a modest expansion from 2007 to 2018: its price 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 butter import price decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. In that year, the average import prices for cocoa butter reached their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average import prices for cocoa butter remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Spain ($X per tonne), while the price for Nigeria ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform