Sweden: Cocoa Powder Market 2024

Cocoa Powder Market Size in Sweden

In 2022, after two years of decline, there was significant growth in the Swedish cocoa powder market, when its value increased by X% to $X. Over the period under review, consumption, however, continues to indicate a noticeable reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cocoa Powder Production in Sweden

In value terms, cocoa powder production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced slump. Cocoa powder production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Cocoa Powder Exports

Exports from Sweden

In 2022, cocoa powder exports from Sweden plummeted to X tons, falling by X% compared with the previous year. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa powder exports fell sharply to $X in 2022. In general, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Finland (X tons), Estonia (X tons) and Poland (X tons) were the main destinations of cocoa powder exports from Sweden, together accounting for X% of total exports.

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

In value terms, Finland ($X) remains the key foreign market for cocoa powder (not sweetened) exports from Sweden, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Finland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Poland (X% per year).

Export Prices by Country

The average cocoa powder export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Cocoa Powder Imports

Imports into Sweden

In 2022, supplies from abroad of cocoa powder (not sweetened) increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cocoa powder imports expanded significantly to $X in 2022. In general, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest cocoa powder supplier to Sweden, accounting for a X% share of total imports. Moreover, cocoa powder imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. Norway (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the Netherlands ($X) constituted the largest supplier of cocoa powder (not sweetened) to Sweden, comprising X% of total imports. The second position in the ranking was taken by Norway ($X), with an X% share of total imports. It was followed by Austria, with a X% share.

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

Import Prices by Country

The average cocoa powder import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Norway ($X per ton), while the price for the Netherlands ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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