EU Cocoa Butter Market Rose 1.9% and Reached $3.8B in 2018

IndexBox has just published a new report: 'EU - Cocoa Butter - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The revenue of the cocoa butter market in the European Union amounted to $X in 2018, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, cocoa butter consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the market value increased by X% against the previous year. In that year, the cocoa butter market attained its peak level of $X. From 2009 to 2018, the growth of the cocoa butter market failed to regain its momentum.

Consumption By Country in the EU

The countries with the highest volumes of cocoa butter consumption in 2018 were Germany (X tons), Belgium (X tons) and the Netherlands (X tons), together comprising X% of total consumption. These countries were followed by Italy, the UK, France, Poland, Spain, Romania, Austria, the Czech Republic and Portugal, which together accounted for a further X%.

From 2007 to 2018, the most notable rate of growth in terms of cocoa butter consumption, amongst the main consuming countries, was attained by Spain, while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) led the market, alone. The second position in the ranking was occupied by the Netherlands ($X). It was followed by Italy.

In 2018, the highest levels of cocoa butter per capita consumption was registered in Belgium (X kg per X persons), followed by the Netherlands (X kg per X persons), Austria (X kg per X persons) and Germany (X kg per X persons), while the world average per capita consumption of cocoa butter was estimated at X kg per X persons.

From 2007 to 2018, the average annual growth rate of the cocoa butter per capita consumption in Belgium stood at +X%. In the other countries, the average annual rates were as follows: the Netherlands (-X% per year) and Austria (-X% per year).

Market Forecast 2019-2025 in the EU

Driven by rising demand for cocoa butter in the European Union, the market is expected to start an upward consumption trend over the next seven-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +X% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to X tons by the end of 2025.

Production in the EU

In 2018, the amount of cocoa butter produced in the European Union amounted to X tons, leveling off at the previous year. In general, cocoa butter production continues to indicate a temperate contraction. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. In that year, cocoa butter production attained its peak volume of X tons. From 2009 to 2018, cocoa butter production growth remained at a somewhat lower figure.

In value terms, cocoa butter production totaled $X in 2018 estimated in export prices. Overall, cocoa butter production continues to indicate a slight drop. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, cocoa butter production reached its peak level of $X. From 2009 to 2018, cocoa butter production growth remained at a somewhat lower figure.

Production By Country in the EU

The Netherlands (X tons) remains the largest cocoa butter producing country in the European Union, comprising approx. X% of total production. Moreover, cocoa butter production in the Netherlands exceeded the figures recorded by the region's second-largest producer, Germany (X tons), threefold. France (X tons) ranked third in terms of total production with a X% share.

In the Netherlands, cocoa butter production remained relatively stable over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: Germany (+X% per year) and France (-X% per year).

Exports in the EU

In 2018, the amount of cocoa butter exported in the European Union stood at X tons, increasing by X% against the previous year. The total export volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, cocoa butter exports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, cocoa butter exports amounted to $X (IndexBox estimates) in 2018. The total exports indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cocoa butter exports decreased by -X% against 2014 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. In that year, cocoa butter exports attained their peak of $X. From 2015 to 2018, the growth of cocoa butter exports failed to regain its momentum.

Exports by Country

The Netherlands represented the largest exporting country with an export of around X tons, which accounted for X% of total exports. Germany (X tons) ranks second in terms of the total exports with a X% share, followed by France (X%). The UK (X tons), Estonia (X tons) and Spain (X tons) took a relatively small share of total exports.

Exports from the Netherlands increased at an average annual rate of +X% from 2007 to 2018. At the same time, Germany (+X%), Estonia (+X%) and the UK (+X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter in the European Union, with a CAGR of +X% from 2007-2018. France experienced a relatively flat trend pattern. By contrast, Spain (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Germany and the Netherlands increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the Netherlands, cocoa butter exports expanded at an average annual rate of +X% over the period from 2007-2018. 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

In 2018, the cocoa butter export price in the European Union amounted to $X per ton, waning by -X% against the previous year. The export price indicated slight growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cocoa butter export price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by X% y-o-y. In that year, the export prices for cocoa butter reached their peak level of $X per ton. From 2015 to 2018, the growth in terms of the export prices for cocoa butter remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in France ($X per ton) and Germany ($X per ton), while the UK ($X per ton) and Estonia ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Imports in the EU

The imports amounted to X tons in 2018, going up by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. The volume of imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, cocoa butter imports stood at $X (IndexBox estimates) in 2018. The total imports indicated a resilient expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cocoa butter imports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. In that year, cocoa butter imports reached their peak of $X. From 2015 to 2018, the growth of cocoa butter imports remained at a lower figure.

Imports by Country

Germany (X tons), Belgium (X tons), the Netherlands (X tons), France (X tons), the UK (X tons), Poland (X tons) and Italy (X tons) represented roughly X% of total imports of cocoa butter in 2018.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. France, the UK, Poland and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Poland recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The cocoa butter import price in the European Union stood at $X per ton in 2018, stabilizing at the previous year. The import price indicated a mild increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cocoa butter import price decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by X% y-o-y. In that year, the import prices for cocoa butter attained their peak level of $X per ton. From 2015 to 2018, the growth in terms of the import prices for cocoa butter remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Belgium ($X per ton) and Poland ($X per ton), while the UK ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform