Spain: Cocoa Butter Market 2024

Cocoa Butter Market Size in Spain

The Spanish cocoa butter market dropped slightly to $X in 2022, declining by X% against the previous year. Over the period under review, the total consumption indicated a resilient 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, consumption decreased by X% against 2020 indices. Cocoa butter consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cocoa Butter Production in Spain

In value terms, cocoa butter production fell modestly to $X in 2022 estimated in export price. Overall, the total production indicated a prominent 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 2018 indices. The growth pace was the most rapid in 2014 when the production volume increased by X%. Cocoa butter production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Cocoa Butter Exports

Exports from Spain

Cocoa butter exports from Spain contracted to X tons in 2022, which is down by X% compared with 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, cocoa butter exports dropped rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a notable increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons), France (X tons) and Greece (X tons) were the main destinations of cocoa butter exports from Spain, together comprising X% of total exports. Germany, the Netherlands, the United States, Poland, Switzerland, the UK, Belgium, Croatia, the Czech Republic and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cocoa butter exported from Spain were Italy ($X), France ($X) and Germany ($X), with a combined X% share of total exports. Greece, the United States, the Netherlands, Poland, Switzerland, the UK, Belgium, the Czech Republic, Croatia and Japan lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Greece, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cocoa butter export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, export price indicated a moderate 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. Based on 2022 figures, cocoa butter export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Belgium ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Croatia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Butter Imports

Imports into Spain

In 2022, the amount of cocoa butter imported into Spain shrank remarkably to X tons, waning by X% on 2021 figures. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, cocoa butter imports declined markedly to $X in 2022. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then declined significantly in the following year.

Imports by Country

France (X tons), the Netherlands (X tons) and Cote d'Ivoire (X tons) were the main suppliers of cocoa butter imports to Spain, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa butter suppliers to Spain were France ($X), the Netherlands ($X) and Cote d'Ivoire ($X), with a combined X% share of total imports.

Among the main suppliers, France, with a CAGR of X%, saw 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

In 2022, the average cocoa butter import price amounted to $X per ton, waning by X% against the previous year. Overall, import price indicated a moderate 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. Based on 2022 figures, cocoa butter import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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