Slovakia: Cocoa Butter Market 2024

Cocoa Butter Market Size in Slovakia

The Slovak cocoa butter market dropped slightly to $X in 2022, reducing by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Cocoa Butter Production in Slovakia

In value terms, cocoa butter production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Cocoa butter production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Cocoa Butter Exports

Exports from Slovakia

In 2022, cocoa butter exports from Slovakia skyrocketed to X kg, growing by X% compared with 2021. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, cocoa butter exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Poland (X kg), Slovenia (X kg) and Hungary (X kg) were the main destinations of cocoa butter exports from Slovakia, together comprising X% of total exports. Romania, the Czech Republic, Bulgaria and Ukraine lagged somewhat behind, together comprising a further X%.

From 2015 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) emerged as the key foreign market for cocoa butter exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Slovenia ($X), with an X% share of total exports. It was followed by Hungary, with a X% share.

From 2015 to 2022, the average annual rate of growth in terms of value to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Hungary (X% per year).

Export Prices by Country

The average cocoa butter export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Butter Imports

Imports into Slovakia

For the fifth year in a row, Slovakia recorded growth in overseas purchases of cocoa butter, which increased by X% to X tons in 2022. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, cocoa butter imports fell to $X in 2022. Over the period under review, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of cocoa butter to Slovakia, with a X% share of total imports. Moreover, cocoa butter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Sweden (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cocoa butter to Slovakia, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Sweden (X% per year).

Import Prices by Country

In 2022, the average cocoa butter import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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