Sweden: Cocoa Bean Market Overview 2021

Cocoa Bean Market Size in Sweden

The Swedish cocoa bean market dropped dramatically to $X in 2019, which is down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Cocoa Bean Exports

Exports from Sweden

In 2019, after eleven years of decline, there was significant growth in shipments abroad of cocoa beans, when their volume increased by X% to X tonnes. In general, exports saw a buoyant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cocoa bean exports skyrocketed to $X in 2019. Overall, exports posted a significant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X tonnes) was the main destination for cocoa bean exports from Sweden, with a X% share of total exports. Moreover, cocoa bean exports to Norway exceeded the volume sent to the second major destination, Estonia (X tonnes), fourfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Norway totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+X% per year) and Finland (-X% per year).

In value terms, Norway ($X) remains the key foreign market for cocoa bean exports from Sweden, comprising X% of total exports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Norway stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+X% per year) and Finland (-X% per year).

Export Prices by Country

The average cocoa bean export price stood at $X per tonne in 2019, waning by -X% against the previous year. Overall, the export price, however, posted a strong increase. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2018, and then shrank dramatically in the following year.

Average prices varied noticeably for the major foreign markets. In 2019, the country with the highest price was Finland ($X per tonne), while the average price for exports to Norway ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Norway, while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Bean Imports

Imports into Sweden

Cocoa bean imports into Sweden surged to X tonnes in 2019, with an increase of X% compared with the previous year's figure. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Imports peaked at X tonnes in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

In value terms, cocoa bean imports surged to $X in 2019. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Denmark (X tonnes) constituted the largest supplier of cocoa bean to Sweden, with a X% share of total imports. Moreover, cocoa bean imports from Denmark exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold. Peru (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Denmark totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Peru (+X% per year).

In value terms, the Netherlands ($X), Denmark ($X) and the UK ($X) appeared to be the largest cocoa bean suppliers to Sweden, together comprising X% of total imports.

In terms of the main suppliers, Denmark (+X% per year) saw the highest growth rate of 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

The average cocoa bean import price stood at $X per tonne in 2019, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for Denmark ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa beans in the world?

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The countries with the highest volumes of cocoa bean consumption in 2019 were Indonesia (1M tonnes), the Netherlands (825K tonnes) and Cote d'Ivoire (560K tonnes), together accounting for 45% of global consumption.

What are the largest producers of cocoa beans in the world?

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Cote d'Ivoire (2.2M tonnes) constituted the country with the largest volume of cocoa bean production, comprising approx. 38% of total volume. Moreover, cocoa bean production in Cote d'Ivoire exceeded the figures recorded by the second-largest producer, Ghana (812K tonnes), threefold. The third position in this ranking was occupied by Indonesia (784K tonnes), with a 14% share.

What are the leading suppliers of cocoa beans to Sweden?

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In value terms, the Netherlands ($106K), Denmark ($73K) and the UK ($56K) appeared to be the largest cocoa bean suppliers to Sweden, with a combined 77% share of total imports.

What are the leading importers of cocoa beans from Sweden?

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In value terms, Norway ($79K) remains the key foreign market for cocoa bean exports from Sweden, comprising 77% of total exports. The second position in the ranking was occupied by Estonia ($20K), with a 20% share of total exports.

What is the average export price for cocoa beans in Sweden?

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In 2019, the average cocoa bean export price amounted to $3,472 per tonne, which is down by -28.2% against the previous year.

What is the average import price for cocoa beans in Sweden?

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In 2019, the average cocoa bean import price amounted to $6,031 per tonne, approximately equating the previous year.