Benelux: Cocoa Butter Market 2024

Cocoa Butter Market Size in Benelux

In 2022, the Benelux cocoa butter market decreased by -7.1% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +4.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Cocoa Butter Production in Benelux

In value terms, cocoa butter production stood at $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 55%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Cocoa Butter Exports

Exports in Benelux

In 2022, overseas shipments of cocoa butter decreased by -4.7% to X tons, falling for the second year in a row after five years of growth. The total export volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 8% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa butter exports dropped dramatically to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -25.0% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by 60%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands dominates exports structure, recording X tons, which was near 98% of total exports in 2022. Belgium (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the cocoa butter exports, with a CAGR of +1.7% from 2012 to 2022. Belgium (-5.4%) illustrated a downward trend over the same period. The Netherlands (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -1.7% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest cocoa butter supplier in Benelux, comprising 98% of total exports. The second position in the ranking was taken by Belgium ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled +4.8%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, falling by -15.4% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa butter export price decreased by -21.2% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 63% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.6%).

Cocoa Butter Imports

Imports in Benelux

After three years of growth, supplies from abroad of cocoa butter decreased by -3.3% to X tons in 2022. The total import volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 18%. The volume of import peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, cocoa butter imports fell markedly to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 50% against the previous year. The level of import peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, the Netherlands (X tons) and Belgium (X tons) was the main importer of cocoa butter in Benelux, achieving 99.9% of total import.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +3.7%).

In value terms, the largest cocoa butter importing markets in Benelux were Belgium ($X) and the Netherlands ($X).

In terms of the main importing countries, Belgium, with a CAGR of +7.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, waning by -15.4% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa butter import price decreased by -33.3% against 2014 indices. The most prominent rate of growth was recorded in 2014 an increase of 61%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.4%).

Source: IndexBox Platform