United Kingdom: Cocoa Powder Market Overview 2021

Cocoa Powder Market Size in the UK

In 2019, the UK cocoa powder market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, the total consumption indicated a moderate expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Cocoa Powder Production in the UK

In value terms, cocoa powder production expanded remarkably to $X in 2019 estimated in export prices. Overall, the total production indicated modest growth from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Cocoa powder production peaked at $X in 2012; however, from 2013 to 2019, production failed to regain the momentum.

Cocoa Powder Exports

Exports from the UK

After three years of growth, overseas shipments of cocoa powder (not sweetened) decreased by -X% to X tonnes in 2019. In general, exports recorded a deep reduction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

In value terms, cocoa powder exports reduced notably to $X in 2019. Overall, exports saw a pronounced curtailment. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. Exports peaked at $X in 2010; however, from 2011 to 2019, exports remained at a lower figure.

Exports by Country

Spain (X tonnes) was the main destination for cocoa powder exports from the UK, accounting for a X% share of total exports. Moreover, cocoa powder exports to Spain exceeded the volume sent to the second major destination, Ireland (X tonnes), tenfold. The third position in this ranking was occupied by Canada (X tonnes), with a X% share.

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

In value terms, the largest markets for cocoa powder exported from the UK were Spain ($X), Ireland ($X) and Canada ($X), together comprising X% of total exports.

In terms of the main countries of destination, Spain recorded 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 powder export price stood at $X per tonne in 2019, picking up by X% against the previous year. In general, the export price posted a prominent increase. The growth pace was the most rapid in 2009 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Ireland ($X per tonne), while the average price for exports to Spain ($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 Poland, while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Powder Imports

Imports into the UK

In 2019, purchases abroad of cocoa powder (not sweetened) decreased by -X% to X tonnes for the first time since 2011, thus ending a seven-year rising trend. Over the period under review, imports, however, enjoyed a mild increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X tonnes in 2018, and then fell in the following year.

In value terms, cocoa powder imports stood at $X in 2019. Overall, imports, however, continue to indicate a tangible increase. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

Imports by Country

Germany (X tonnes), the Netherlands (X tonnes) and Spain (X tonnes) were the main suppliers of cocoa powder imports to the UK, with a combined X% share of total imports. These countries were followed by France, Italy, Turkey and Belgium, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa powder suppliers to the UK were Germany ($X), the Netherlands ($X) and Spain ($X), together accounting for X% of total imports. These countries were followed by France, Italy, Belgium and Turkey, which together accounted for a further X the main suppliers, Turkey (+X% per year) 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 2019, the average cocoa powder import price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the import price enjoyed a mild increase. The growth pace was the most rapid in 2010 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Belgium ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, 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 powder (not sweetened) in the world?

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The countries with the highest volumes of cocoa powder consumption in 2019 were China (493K tonnes), the U.S. (270K tonnes) and Brazil (168K tonnes), together accounting for 32% of global consumption.

What are the largest producers of cocoa powder (not sweetened) in the world?

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The countries with the highest volumes of cocoa powder production in 2019 were China (454K tonnes), the Netherlands (243K tonnes) and the U.S. (181K tonnes), together comprising 29% of global production. Brazil, Indonesia, Malaysia, India, Germany, Spain, Nigeria, Pakistan, Bangladesh and Ghana lagged somewhat behind, together comprising a further 37%.

What are the leading suppliers of cocoa powder (not sweetened) to the UK?

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In value terms, the largest cocoa powder suppliers to the UK were Germany ($25M), the Netherlands ($17M) and Spain ($4.3M), with a combined 82% share of total imports. These countries were followed by France, Italy, Belgium and Turkey, which together accounted for a further 15%.

What are the leading importers of cocoa powder (not sweetened) from the UK?

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In value terms, the largest markets for cocoa powder exported from the UK were Spain ($2.6M), Ireland ($1.6M) and Canada ($1.2M), with a combined 49% share of total exports.

What is the average export price for cocoa powder (not sweetened) in the UK?

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The average cocoa powder export price stood at $3,225 per tonne in 2019, rising by 12% against the previous year.

What is the average import price for cocoa powder (not sweetened) in the UK?

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In 2019, the average cocoa powder import price amounted to $2,612 per tonne, rising by 7.8% against the previous year.