Benelux: Cocoa Paste Market 2024

Cocoa Paste Market Size in Benelux

In 2021, the Benelux cocoa paste market increased by 11% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +9.4% 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 +30.3% against 2018 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Cocoa Paste Production in Benelux

In value terms, cocoa paste production soared to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt shrinkage. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Cocoa Paste Exports

Exports in Benelux

In 2021, shipments abroad of cocoa paste increased by 29% to X tons, rising for the second year in a row after two years of decline. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 31%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, cocoa paste exports soared to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +56.3% against 2019 indices. The pace of growth was the most pronounced in 2014 when exports increased by 30% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

The Netherlands dominates exports structure, recording X tons, which was near 94% of total exports in 2021. It was distantly followed by Belgium (X tons), committing a 6.3% share of total exports.

The Netherlands was also the fastest-growing in terms of the cocoa paste exports, with a CAGR of +6.4% from 2012 to 2021. At the same time, Belgium (+2.6%) displayed positive paces of growth. The Netherlands (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -2.2% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) remains the largest cocoa paste supplier in Benelux, comprising 92% of total exports. The second position in the ranking was taken by Belgium ($X), with an 8.4% share of total exports.

In the Netherlands, cocoa paste exports expanded at an average annual rate of +6.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, declining by -2.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 17%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.0%).

Cocoa Paste Imports

Imports in Benelux

In 2021, approx. X tons of cocoa paste were imported in Benelux; picking up by 4.1% on 2020. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.4% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 35% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, cocoa paste imports rose sharply to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +40.2% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 24% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons) represented the key importer of cocoa paste, committing 62% of total imports. It was distantly followed by Belgium (X tons), comprising a 38% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of +7.9%).

In value terms, the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of imports in 2021.

Belgium, with a CAGR of +8.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, picking up by 5.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 11%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.7%).

Source: IndexBox Platform