Scandinavia: Cocoa Paste Market 2024

Cocoa Paste Market Size in Scandinavia

The Scandinavia cocoa paste market declined to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Cocoa Paste Production in Scandinavia

In value terms, cocoa paste production shrank modestly to $X in 2022 estimated in export price. The total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Cocoa Paste Exports

Exports in Scandinavia

In 2022, overseas shipments of cocoa paste increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, cocoa paste exports soared to $X in 2022. Over the period under review, exports showed strong growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Finland (X tons) was the largest exporter of cocoa paste, constituting X% of total exports. It was distantly followed by Sweden (X kg), mixing up an X% share of total exports.

Finland was also the fastest-growing in terms of the cocoa paste exports, with a CAGR of X% from 2012 to 2022. At the same time, Sweden (X%) displayed positive paces of growth. While the share of Finland (X p.p.) and Sweden (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cocoa paste supplying countries in Scandinavia were Finland ($X) and Sweden ($X).

Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Cocoa Paste Imports

Imports in Scandinavia

Cocoa paste imports expanded to X tons in 2022, growing by X% on the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. 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; afterwards, it flattened through to 2022.

In value terms, cocoa paste imports dropped to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Sweden (X tons) and Finland (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Norway (X tons), achieving a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a mild curtailment. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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