EU: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in the EU

The EU cocoa powder with sugar market expanded to $X in 2021, rising by 1.5% against the previous year. In general, consumption, however, recorded a mild curtailment. Over the period under review, the market attained 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 the EU

In value terms, cocoa powder with sugar production expanded slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight setback. The growth pace was the most rapid in 2016 when the production volume increased by 23% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Cocoa Powder (Containing Added Sugar)

Exports in the EU

Cocoa powder with sugar exports fell to X tons in 2021, declining by -14.2% compared with the previous year's figure. Overall, exports showed a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 1.4% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, cocoa powder with sugar exports fell to $X in 2021. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 6%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany was the major exporting country with an export of around X tons, which accounted for 50% of total exports. It was distantly followed by Belgium (X tons), the Netherlands (X tons), France (X tons), Spain (X tons) and Italy (X tons), together generating a 32% share of total exports. The following exporters - Sweden (X tons) and Austria (X tons) - together made up 6.2% of total exports.

Exports from Germany decreased at an average annual rate of -5.1% from 2012 to 2021. At the same time, Belgium (+21.1%), Austria (+9.4%) and Italy (+4.7%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +21.1% from 2012-2021. By contrast, France (-3.0%), Sweden (-4.7%), Spain (-4.7%) and the Netherlands (-14.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium, Germany, Italy and Austria increased by +9.8, +6, +3.2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest cocoa powder with sugar supplier in the European Union, comprising 35% of total exports. The second position in the ranking was taken by Italy ($X), with a 10% share of total exports. It was followed by Belgium, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value in Germany stood at -6.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+5.0% per year) and Belgium (+15.8% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, rising by 5.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 7.2%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 Italy ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.5%), while the other leaders experienced more modest paces of growth.

Imports of Cocoa Powder (Containing Added Sugar)

Imports in the EU

In 2021, supplies from abroad of cocoa powder (containing added sugar) decreased by -4.1% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports recorded a perceptible shrinkage. The growth pace was the most rapid in 2017 with an increase of 14% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cocoa powder with sugar imports contracted to $X in 2021. Overall, imports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 15%. 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, France (X tons) and Spain (X tons) represented the largest importers of cocoa powder (containing added sugar) in the European Union, together achieving 42% of total imports. Portugal (X tons) took a 9.9% share (based on physical terms) of total imports, which put it in second place, followed by Germany (6.5%) and Belgium (4.8%). Austria (X tons), the Netherlands (X tons), Greece (X tons), Poland (X tons), Denmark (X tons), Finland (X tons), Romania (X tons) and Italy (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +6.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa powder with sugar importing markets in the European Union were France ($X), Spain ($X) and Germany ($X), together accounting for 46% of total imports.

Germany, with a CAGR of +8.9%, saw 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 more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, growing by 3.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by 4.3% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Spain ($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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