Eastern Europe: Cocoa Paste Market 2024

Cocoa Paste Market Size in Eastern Europe

The East European cocoa paste market fell to $X in 2021, shrinking by -9.4% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Cocoa Paste Production in Eastern Europe

In value terms, cocoa paste production shrank to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 28%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Cocoa Paste Exports

Exports in Eastern Europe

In 2021, approx. X tons of cocoa paste were exported in Eastern Europe; growing by 5.7% on 2020. The total export volume increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 34% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, cocoa paste exports reached $X in 2021. The total export value increased at an average annual rate of +6.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 34%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

Poland (X tons) and Bulgaria (X tons) represented roughly 59% of total exports in 2021. It was distantly followed by Ukraine (X tons), Slovakia (X tons) and Estonia (X tons), together achieving a 37% share of total exports. Lithuania (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bulgaria (with a CAGR of +104.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa paste supplying countries in Eastern Europe were Poland ($X), Bulgaria ($X) and Ukraine ($X), with a combined 76% share of total exports.

In terms of the main exporting countries, Bulgaria, with a CAGR of +102.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, growing by 5.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 8.8%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+2.0%), while the other leaders experienced more modest paces of growth.

Cocoa Paste Imports

Imports in Eastern Europe

Cocoa paste imports declined slightly to X tons in 2021, shrinking by -3.2% on 2020 figures. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, cocoa paste imports stood at $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 13%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X tons) and Russia (X tons) represented roughly 68% of total imports in 2021. Ukraine (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Bulgaria (7.6%). The Czech Republic (X tons), Belarus (X tons) and Estonia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +24.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa paste importing markets in Eastern Europe were Russia ($X), Poland ($X) and Ukraine ($X), together comprising 80% of total imports. Bulgaria, the Czech Republic, Belarus and Estonia lagged somewhat behind, together comprising a further 16%.

Belarus, with a CAGR of +21.6%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, growing by 7.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 12%. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Belarus ($X per ton), while Bulgaria ($X per ton) and Estonia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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