Europe: Cocoa Paste Market 2024

Cocoa Paste Market Size in Europe

The Europe cocoa paste market dropped to $X in 2022, leveling off at the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Cocoa Paste Production in Europe

In value terms, cocoa paste production rose slightly to $X in 2022 estimated in export price. In general, production continues to indicate a mild reduction. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cocoa Paste Exports

Exports in Europe

After six years of growth, overseas shipments of cocoa paste decreased by X% to X tons in 2022. The total export 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 pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, cocoa paste exports dropped to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

The Netherlands represented the main exporter of cocoa paste in Europe, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Germany (X tons) took the second position in the ranking, distantly followed by France (X tons) and Belgium (X tons). All these countries together held approx. X% share of total exports. The following exporters - Switzerland (X tons), Poland (X tons) and Bulgaria (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to cocoa paste exports from the Netherlands stood at X%. At the same time, Bulgaria (X%), Switzerland (X%), Belgium (X%), Poland (X%), Germany (X%) and France (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Bulgaria (X p.p.), the Netherlands (X p.p.) and Switzerland (X p.p.) significantly strengthened its position in terms of the total exports, while France and Germany 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, the Netherlands ($X) remains the largest cocoa paste supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Switzerland ($X per ton) and Belgium ($X per ton), while the Netherlands ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Cocoa Paste Imports

Imports in Europe

In 2022, imports of cocoa paste in Europe stood at X tons, approximately equating 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cocoa paste imports contracted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

The countries with the highest levels of cocoa paste imports in 2022 were the Netherlands (X tons), Germany (X tons), Spain (X tons), Belgium (X tons), France (X tons), Poland (X tons), Italy (X tons) and Russia (X tons), together finishing at X% of total import.

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

In value terms, the largest cocoa paste importing markets in Europe were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined X% share of total imports. France, Spain, Poland, Italy and Russia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Italy, with a CAGR of X%, recorded the highest growth rate of 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

The import price in Europe stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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