United Kingdom: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in the UK

In 2022, the UK cocoa powder with sugar market decreased by X% to $X, falling for the third consecutive year after four years of growth. Over the period under review, consumption showed a pronounced slump. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Cocoa powder with sugar consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Cocoa Powder (Containing Added Sugar) in the UK

In value terms, cocoa powder with sugar production contracted to $X in 2022 estimated in export price. In general, production showed a pronounced reduction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from the UK

In 2022, overseas shipments of cocoa powder (containing added sugar) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt downturn. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, cocoa powder with sugar exports soared to $X in 2022. Over the period under review, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ireland (X tons), Hong Kong SAR (X tons) and Poland (X tons) were the main destinations of cocoa powder with sugar exports from the UK, with a combined X% share of total exports. Saudi Arabia, Australia, the United Arab Emirates, the Netherlands, Libya, the Czech Republic, Kuwait, Morocco, Chile and Jordan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Hong Kong SAR ($X) and Saudi Arabia ($X) constituted the largest markets for cocoa powder with sugar exported from the UK worldwide, together accounting for X% of total exports. Australia, the Netherlands, the United Arab Emirates, Poland, Libya, Morocco, Chile, Jordan, the Czech Republic and Kuwait lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Morocco, 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

In 2022, the average cocoa powder with sugar export price amounted to $X per ton, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Poland ($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 Morocco (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into the UK

In 2022, approx. X tons of cocoa powder (containing added sugar) were imported into the UK; reducing by X% against 2021. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cocoa powder with sugar imports dropped remarkably to $X in 2022. In general, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Switzerland (X tons) were the main suppliers of cocoa powder with sugar imports to the UK, together comprising X% of total imports. France, Ireland, China, Italy, Hungary, Taiwan (Chinese), the United States, Poland, Spain and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest cocoa powder with sugar suppliers to the UK were the Netherlands ($X), Germany ($X) and China ($X), together comprising X% of total imports. Switzerland, France, Ireland, Italy, the United States, Taiwan (Chinese), Belgium, Hungary, Poland and Spain lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 powder with sugar import price amounted to $X per ton, declining by X% against the previous year. In general, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2015; however, from 2016 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 China ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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