Eastern Europe: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Eastern Europe

In 2021, the East European cocoa powder with sugar market decreased by -0.1% to $X, falling for the second consecutive year after four years of growth. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Cocoa Powder (Containing Added Sugar) in Eastern Europe

In value terms, cocoa powder with sugar production rose modestly to $X in 2021 estimated in export price. Over the period under review, production saw a mild curtailment. The pace of growth was the most pronounced in 2016 when the production volume increased by 27% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports in Eastern Europe

In 2021, shipments abroad of cocoa powder (containing added sugar) decreased by -61.5% to X tons, falling for the fourth year in a row after three years of growth. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 6%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, cocoa powder with sugar exports contracted significantly to $X in 2021. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of 7.4%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tons), Bulgaria (X tons) and Poland (X tons) represented roughly 67% of total exports in 2021. Lithuania (X tons) held the next position in the ranking, followed by Russia (X tons). All these countries together held approx. 18% share of total exports. The following exporters - Latvia (X tons) and Romania (X tons) - each finished at an 8.4% 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 Russia (with a CAGR of +32.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest cocoa powder with sugar supplying countries in Eastern Europe were Bulgaria ($X), Hungary ($X) and Poland ($X), together comprising 63% of total exports. Lithuania, Romania, Latvia and Russia lagged somewhat behind, together accounting for a further 24%.

Russia, with a CAGR of +21.1%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, growing by 54% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cocoa powder with sugar export price increased by +87.8% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.5%), while the other leaders experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports in Eastern Europe

In 2021, purchases abroad of cocoa powder (containing added sugar) increased by 4.7% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of 5.6%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cocoa powder with sugar imports totaled $X in 2021. Over the period under review, imports, however, showed a perceptible reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Poland (X tons), distantly followed by Romania (X tons), Lithuania (X tons), the Czech Republic (X tons), Hungary (X tons), Bulgaria (X tons) and Slovakia (X tons) represented the largest importers of cocoa powder (containing added sugar), together committing 87% of total imports.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +3.1%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Poland ($X), Romania ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2021, with a combined 58% share of total imports. These countries were followed by Lithuania, Hungary, Bulgaria and Slovakia, which together accounted for a further 30%.

Slovakia, with a CAGR of +0.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, increasing by 8.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 9.4%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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