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

Market Size for Cocoa Powder (Containing Added Sugar) in Europe

The Europe cocoa powder with sugar market fell to $X in 2023, reducing by X% against the previous year. Over the period under review, consumption continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Europe

In value terms, cocoa powder with sugar production shrank to $X in 2023 estimated in export price. Overall, production recorded a slight contraction. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Exports of Cocoa Powder (Containing Added Sugar)

Exports in Europe

In 2023, shipments abroad of cocoa powder (containing added sugar) decreased by X% to X tons, falling for the sixth consecutive year after two years of growth. Overall, exports showed a deep slump. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, cocoa powder with sugar exports reached $X in 2023. Over the period under review, exports recorded a noticeable reduction. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Germany was the main exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by the Netherlands (X tons), Italy (X tons), Belgium (X tons) and the UK (X tons), together achieving a X% share of total exports. Spain (X tons), Sweden (X tons), France (X tons), Austria (X tons), Ireland (X tons), Hungary (X tons) and Poland (X tons) held a relatively small share 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 Europe, with a CAGR of X% from 2012-2023. By contrast, Ireland (X%), Sweden (X%), Spain (X%), the UK (X%), France (X%), the Netherlands (X%), Poland (X%) and Hungary (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium, Italy and Austria increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Germany, cocoa powder with sugar exports plunged by an average annual rate of X% over the period from 2012-2023. 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

In 2023, the export price in Europe amounted to $X per ton, growing 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 reached 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 Europe

In 2023, supplies from abroad of cocoa powder (containing added sugar) increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Overall, imports, however, showed a pronounced descent. 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 maximum at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, cocoa powder with sugar imports soared to $X in 2023. Over the period under review, imports, however, showed a pronounced contraction. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

France was the major importer of cocoa powder (containing added sugar) in Europe, with the volume of imports recording X tons, which was near X% of total imports in 2023. It was distantly followed by the Netherlands (X tons), Germany (X tons), the UK (X tons), Portugal (X tons), Belgium (X tons), Spain (X tons) and Austria (X tons), together mixing up a X% share of total imports. Romania (X tons), Norway (X tons), Finland (X tons), the Czech Republic (X tons) and Denmark (X tons) held a relatively small share of total imports.

Imports into France decreased at an average annual rate of X% from 2012 to 2023. At the same time, the Czech Republic (X%), Germany (X%), Austria (X%), Norway (X%), the Netherlands (X%) and Belgium (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. Romania experienced a relatively flat trend pattern. By contrast, Finland (X%), Portugal (X%), the UK (X%), Denmark (X%) and Spain (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), the Netherlands (X p.p.), Austria (X p.p.), Belgium (X p.p.), Norway (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Spain (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In France, cocoa powder with sugar imports shrank by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, jumping 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, import 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 importing countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while Norway ($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