Spain - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpain's Cocoa Powder Price Hits New Record of $3,101 per Ton After Two Consecutive Months of Growth
Spain Cocoa Powder Export Price in September 2022
In September 2022, the cocoa powder price amounted to $3,101 per ton (FOB, Spain), with an increase of 3.6% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Egypt ($3,452 per ton), while the average price for exports to Estonia ($1,543 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Spain Cocoa Powder Exports
In September 2022, shipments abroad of cocoa powder (not sweetened) increased by 17% to 5.5K tons for the first time since June 2022, thus ending a two-month declining trend. Over the period under review, exports, however, continue to indicate a slight descent. Over the period under review, the exports reached the peak figure at 7.2K tons in June 2022; however, from July 2022 to September 2022, the exports remained at a lower figure.
In value terms, cocoa powder exports soared to $17M (IndexBox estimates) in September 2022. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at 21K tons in June 2022; however, from July 2022 to September 2022, the exports remained at a lower figure.
Spain Cocoa Powder Exports by Country
the United States (895 tons) was the main destination for cocoa powder exports from Spain, accounting for a 16% share of total exports. Moreover, cocoa powder exports to the United States exceeded the volume sent to the second major destination, Morocco (402 tons), twofold. Italy (375 tons) ranked third in terms of total exports with a 6.8% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume to the United States totaled +13.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Morocco (+0.1% per month) and Italy (-2.8% per month).
In value terms, the United States ($3.1M) remains the key foreign market for cocoa powder exports from Spain, comprising 18% of total exports. The second position in the ranking was held by Morocco ($1.2M), with a 6.9% share of total exports. It was followed by France, with a 6.9% share.
From January 2022 to September 2022, the average monthly growth rate of value to the United States amounted to +16.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Morocco (+1.8% per month) and France (+2.2% per month).
Factors Affecting Cocoa Powder Prices
Cocoa powder is one of the most important ingredients in the chocolate industry and its price is a major factor in the cost of chocolate production. The price of cocoa powder in Spain has been on the rise in recent years, due to a number of factors.
One key factor is the increasing demand for chocolate globally. As the demand for chocolate increases, so does the price of cocoa powder. Another factor is the decrease in supply of cocoa beans. This is due to a number of factors, including droughts and pests. The decrease in supply has caused the price of cocoa powder to increase.
Cocoa beans are grown in tropical countries such as Ghana, Ivory Coast and Indonesia. These countries produce the vast majority of the world's cocoa beans, and as a result, they have a significant influence on global prices.
This report provides an in-depth analysis of the cocoa powder market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 665 - Cocoa Powder and Cake
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
