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

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

The Swedish cocoa powder with sugar market shrank modestly to $X in 2022, remaining constant against the previous year. Over the period under review, consumption, however, continues to indicate a resilient increase. Cocoa powder with sugar consumption peaked at $X in 2021, and then reduced modestly in the following year.

Production of Cocoa Powder (Containing Added Sugar) in Sweden

In value terms, cocoa powder with sugar production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Exports of Cocoa Powder (Containing Added Sugar)

Exports from Sweden

In 2022, after four years of decline, there was growth in shipments abroad of cocoa powder (containing added sugar), when their volume increased by X% to X tons. Overall, exports, however, continue to indicate a perceptible decrease. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cocoa powder with sugar exports rose modestly to $X in 2022. In general, exports, however, saw a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Finland (X tons) was the main destination for cocoa powder with sugar exports from Sweden, with a X% share of total exports. Moreover, cocoa powder with sugar exports to Finland exceeded the volume sent to the second major destination, Norway (X tons), threefold.

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

In value terms, the largest markets for cocoa powder with sugar exported from Sweden were Finland ($X), Norway ($X) and Denmark ($X), with a combined X% share of total exports.

Norway, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average cocoa powder with sugar export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, export price indicated tangible growth 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 powder with sugar export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Sweden

In 2022, supplies from abroad of cocoa powder (containing added sugar) increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, saw a abrupt decline. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, cocoa powder with sugar imports soared to $X in 2022. Overall, imports, however, showed a noticeable decrease. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest cocoa powder with sugar supplier to Sweden, with a X% share of total imports. Moreover, cocoa powder with sugar imports from Germany exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), fourfold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of cocoa powder (containing added sugar) to Sweden, comprising X% of total imports. The second position in the ranking was held by Slovakia ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Denmark (X% per year).

Import Prices by Country

The average cocoa powder with sugar import price stood at $X per ton in 2022, remaining constant against the previous year. Overall, import price indicated a pronounced increase 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 powder with sugar import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Slovakia ($X per ton), while the price for Belgium ($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 a decline.

Source: IndexBox Platform

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