Portugal: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Portugal

The Portuguese cocoa powder with sugar market fell markedly to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Cocoa Powder (Containing Added Sugar) in Portugal

In value terms, cocoa powder with sugar production skyrocketed to $X in 2022 estimated in export price. Overall, production posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Cocoa powder with sugar production peaked in 2022 and is likely to see steady growth in the near future.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Portugal

In 2022, the amount of cocoa powder (containing added sugar) exported from Portugal reduced notably to X tons, waning by X% against 2021. Overall, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cocoa powder with sugar exports dropped rapidly to $X in 2022. In general, exports showed a deep reduction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for cocoa powder with sugar exports from Portugal, with a X% share of total exports. Moreover, cocoa powder with sugar exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), sevenfold. The third position in this ranking was held by Cabo Verde (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Cabo Verde (X% per year).

In value terms, Spain ($X) remains the key foreign market for cocoa powder (containing added sugar) exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with an X% share of total exports. It was followed by Cabo Verde, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Cabo Verde (X% per year).

Export Prices by Country

In 2022, the average cocoa powder with sugar export price amounted to $X per ton, flattening at the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to the UK ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Portugal

In 2022, the amount of cocoa powder (containing added sugar) imported into Portugal fell notably to X tons, with a decrease of X% on the previous year's figure. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, cocoa powder with sugar imports dropped markedly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of cocoa powder with sugar to Portugal, accounting for a X% share of total imports. Moreover, cocoa powder with sugar imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled 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, Spain ($X) constituted the largest supplier of cocoa powder (containing added sugar) to Portugal, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain 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 with sugar import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

Frequently Asked Questions (FAQ) :