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

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

The EU cocoa powder with sugar market fell modestly to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption showed a mild descent. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

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

In value terms, cocoa powder with sugar production shrank to $X in 2023 estimated in export price. Over the period under review, production saw a slight slump. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports in the EU

In 2023, cocoa powder with sugar exports in the European Union declined to X tons, dropping by X% compared with 2022 figures. Overall, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, cocoa powder with sugar exports stood at $X in 2023. Over the period under review, exports saw a perceptible descent. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany represented the key exporter of cocoa powder (containing added sugar) in the European Union, with the volume of exports reaching X tons, which was near X% of total exports in 2023. The Netherlands (X tons) held the second position in the ranking, followed by Italy (X tons) and Belgium (X tons). All these countries together held approx. X% share of total exports. The following exporters - Spain (X tons), Sweden (X tons), France (X tons), Austria (X tons), Ireland (X tons), Hungary (X tons) and Poland (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to cocoa powder with sugar exports from Germany stood at X%. At the same time, Belgium (X%), Austria (X%) and Italy (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Ireland (X%), Sweden (X%), Spain (X%), France (X%), the Netherlands (X%), Poland (X%) and Hungary (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.), Italy (X p.p.) and Austria (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Poland (X p.p.) and Hungary (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest cocoa powder with sugar supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total exports. It was followed by Ireland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Ireland (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports in the EU

In 2023, purchases abroad of cocoa powder (containing added sugar) decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. Overall, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, cocoa powder with sugar imports surged to $X in 2023. Over the period under review, imports showed a perceptible descent. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, France (X tons) was the major importer of cocoa powder (containing added sugar), comprising X% of total imports. The Netherlands (X tons) held the second position in the ranking, followed by Germany (X tons), Portugal (X tons), Belgium (X tons), Spain (X tons) and Austria (X tons). All these countries together held approx. X% share of total imports. The following importers - Romania (X tons), Finland (X tons), the Czech Republic (X tons), Denmark (X tons), Poland (X tons) and Greece (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to cocoa powder with sugar imports into France stood at X%. At the same time, the Czech Republic (X%), Germany (X%), Austria (X%), the Netherlands (X%) and Belgium (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Romania experienced a relatively flat trend pattern. By contrast, Finland (X%), Portugal (X%), Denmark (X%), Poland (X%), Greece (X%) and Spain (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), Germany (X p.p.), Austria (X p.p.), Belgium (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Spain and France saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported cocoa powder (containing added sugar) in the European Union, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in France amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform