Eastern Europe: Cocoa Powder Market 2024

Cocoa Powder Market Size in Eastern Europe

After two years of growth, the East European cocoa powder market decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a mild decline. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Cocoa Powder Production in Eastern Europe

In value terms, cocoa powder production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cocoa Powder Exports

Exports in Eastern Europe

In 2022, after two years of decline, there was significant growth in overseas shipments of cocoa powder (not sweetened), when their volume increased by X% to X tons. Total exports indicated a noticeable increase from 2012 to 2022: its volume 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. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cocoa powder exports skyrocketed to $X in 2022. In general, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria was the main exporting country with an export of around X tons, which recorded X% of total exports. Estonia (X tons) ranks second in terms of the total exports with a X% share, followed by Poland (X%), Russia (X%) and Latvia (X%). The following exporters - Belarus (X tons) and Lithuania (X tons) - each recorded a X% share of total exports.

Exports from Bulgaria increased at an average annual rate of X% from 2012 to 2022. At the same time, Latvia (X%), Belarus (X%), Russia (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Estonia experienced a relatively flat trend pattern. By contrast, Poland (X%) illustrated a downward trend over the same period. Bulgaria (X p.p.), Latvia (X p.p.), Russia (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total exports, while Estonia and Poland saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bulgaria ($X) emerged as the largest cocoa powder supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Bulgaria totaled X%. In the other countries, the average annual rates were as follows: Estonia (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the export price figures.

Cocoa Powder Imports

Imports in Eastern Europe

In 2022, approx. X tons of cocoa powder (not sweetened) were imported in Eastern Europe; dropping by X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, cocoa powder imports shrank to $X in 2022. Overall, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) was the main importer of cocoa powder (not sweetened), generating X% of total imports. Poland (X tons) ranks second in terms of the total imports with an X% share, followed by Ukraine (X%), Hungary (X%) and the Czech Republic (X%). Romania (X tons) and Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cocoa powder imports into Russia stood at X%. At the same time, the Czech Republic (X%), Belarus (X%), Poland (X%) and Hungary (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Romania experienced a relatively flat trend pattern. By contrast, Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and the Czech Republic increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and Ukraine ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Hungary, the Czech Republic, Romania and Belarus lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Poland ($X per ton) and the Czech Republic ($X per ton), while Belarus ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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