Report Update Nov 1, 2024

Belarus - Cocoa Paste - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Cocoa Paste Market 2024

Cocoa Paste Market Size in Belarus

The Belarusian cocoa paste market totaled $X in 2021, with an increase of 4.2% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +67.8% against 2015 indices. Cocoa paste consumption peaked in 2021 and is expected to retain growth in the immediate term.

Cocoa Paste Production in Belarus

In value terms, cocoa paste production declined to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 18%. Over the period under review, production hit record highs at $X in 2020, and then declined modestly in the following year.

Cocoa Paste Exports

Exports from Belarus

In 2021, after five years of growth, there was significant decline in shipments abroad of cocoa paste, when their volume decreased by -20.2% to X kg. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 59%. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cocoa paste exports contracted significantly to $X in 2021. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 70%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X kg) was the main destination for cocoa paste exports from Belarus, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at -14.3%.

In value terms, Russia ($X) also remains the key foreign market for cocoa paste exports from Belarus.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -12.6%.

Export Prices by Country

In 2021, the average cocoa paste export price amounted to $X per ton, standing approx. at the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 6.7%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +2.0% per year.

Cocoa Paste Imports

Imports into Belarus

In 2021, imports of cocoa paste into Belarus soared to X tons, growing by 52% compared with 2020 figures. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 207%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, cocoa paste imports surged to $X in 2021. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 130%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Estonia (X tons), Cote d'Ivoire (X tons) and Ghana (X tons) were the main suppliers of cocoa paste imports to Belarus, together accounting for 73% of total imports. These countries were followed by Poland, Russia, the Netherlands, Germany and Lithuania, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +47.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa paste suppliers to Belarus were Estonia ($X), Cote d'Ivoire ($X) and Ghana ($X), with a combined 72% share of total imports.

Ghana, with a CAGR of +38.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cocoa paste import price stood at $X per ton in 2021, surging by 5.4% against the previous year. Overall, the import price, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 13% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa paste in the world?

The countries with the highest volumes of cocoa paste consumption in 2021 were China, the United States and India, together accounting for 27% of global consumption. Japan, Pakistan, Indonesia, Brazil, Bangladesh, the UK, Nigeria, Russia, Mexico and Vietnam lagged somewhat behind, together accounting for a further 25%.

What are the largest producers of cocoa paste in the world?

The country with the largest volume of cocoa paste production was China, comprising approx. 14% of total volume. Moreover, cocoa paste production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 5.7% share.

What are the leading suppliers of cocoa paste to Belarus?

In value terms, Estonia, Cote d'Ivoire and Germany were the largest cocoa paste suppliers to Belarus, with a combined 87% share of total imports.

What are the leading importers of cocoa paste from Belarus?

In value terms, Russia remains the key foreign market for cocoa paste exports from Belarus.

What is the average export price for cocoa paste in Belarus?

In 2020, the average cocoa paste export price amounted to $3,452 per ton, rising by 12% against the previous year.

What is the average import price for cocoa paste in Belarus?

In 2021, the average cocoa paste import price amounted to $3,653 per ton, approximately equating the previous year.

This report provides an in-depth analysis of the cocoa paste market in Belarus. 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:

Prodcom 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023