Austria: Cocoa Powder Market 2024

Cocoa Powder Market Size in Austria

The Austrian cocoa powder market amounted to $X in 2022, growing by 4.8% against the previous year. Overall, consumption, however, continues to indicate a perceptible curtailment. Cocoa powder consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cocoa Powder Production in Austria

In value terms, cocoa powder production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable contraction. The growth pace was the most rapid in 2015 when the production volume increased by 30%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cocoa Powder Exports

Exports from Austria

In 2022, approx. X tons of cocoa powder (not sweetened) were exported from Austria; reducing by -9.5% against the year before. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 17% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa powder exports reduced to $X in 2022. Over the period under review, exports saw a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 25%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), France (X tons) and Germany (X tons) were the main destinations of cocoa powder exports from Austria, with a combined 64% share of total exports. Spain, Greece, Hungary, Slovakia, the UK, Norway and Belgium lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +92.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cocoa powder exported from Austria were Sweden ($X), Germany ($X) and France ($X), together comprising 61% of total exports. Greece, Spain, Hungary, Slovakia, the UK, Norway and Belgium lagged somewhat behind, together accounting for a further 32%.

Spain, with a CAGR of +73.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cocoa powder export price amounted to $X per ton, increasing by 4.3% against the previous year. Overall, the export price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2016 an increase of 23%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-3.0%), while the prices for the other major destinations experienced a decline.

Cocoa Powder Imports

Imports into Austria

In 2022, purchases abroad of cocoa powder (not sweetened) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a noticeable decline. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, cocoa powder imports expanded sharply to $X in 2022. In general, imports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of cocoa powder imports to Austria, together comprising 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +58.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) were the largest cocoa powder suppliers to Austria, together accounting for 88% of total imports.

Italy, with a CAGR of +53.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average cocoa powder import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2016 an increase of 21% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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