Europe: Cocoa Powder Market 2024

Cocoa Powder Market Size in Europe

The Europe cocoa powder market skyrocketed to $X in 2022, rising by 16% against the previous year. In general, consumption, however, saw a slight setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cocoa Powder Production in Europe

In value terms, cocoa powder production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild curtailment. The growth pace was the most rapid in 2016 with an increase of 17%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cocoa Powder Exports

Exports in Europe

In 2022, approx. X tons of cocoa powder (not sweetened) were exported in Europe; dropping by -6% compared with 2021. The total export volume increased at an average annual rate of +3.3% over the period 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 2014 when exports increased by 10%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cocoa powder exports dropped to $X in 2022. Over the period under review, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2016 with an increase of 19%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands was the key exporter of cocoa powder (not sweetened) in Europe, with the volume of exports finishing at X tons, which was near 49% of total exports in 2022. Germany (X tons) took a 20% share (based on physical terms) of total exports, which put it in second place, followed by Spain (13%) and France (8%). Italy (X tons) followed a long way behind the leaders.

Exports from the Netherlands increased at an average annual rate of +2.3% from 2012 to 2022. At the same time, Italy (+12.8%), Germany (+5.6%) and Spain (+4.4%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in Europe, with a CAGR of +12.8% from 2012-2022. France experienced a relatively flat trend pattern. While the share of Germany (+4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (-3.3 p.p.) and the Netherlands (-4.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest cocoa powder supplier in Europe, comprising 49% of total exports. The second position in the ranking was held by Germany ($X), with a 20% share of total exports. It was followed by Spain, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to -2.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+0.8% per year) and Spain (-0.5% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, rising by 3.2% against the previous year. Overall, the export price, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 16%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in France ($X per ton) and the Netherlands ($X per ton), while Italy ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-3.3%), while the other leaders experienced a decline in the export price figures.

Cocoa Powder Imports

Imports in Europe

After three years of decline, supplies from abroad of cocoa powder (not sweetened) increased by 2.8% to X tons in 2022. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 13% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cocoa powder imports expanded modestly to $X in 2022. Overall, imports, however, showed a mild setback. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Russia (X tons), France (X tons), Italy (X tons), Germany (X tons), Belgium (X tons), Poland (X tons) and the UK (X tons) represented roughly 76% of total imports in 2022. Spain (X tons), Ukraine (X tons), Hungary (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the UK (with a CAGR of +8.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Russia ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2022, with a combined 37% share of total imports. France, Italy, Belgium, Poland, the UK, Spain, Ukraine, Hungary and the Czech Republic lagged somewhat behind, together accounting for a further 48%.

In terms of the main importing countries, the UK, with a CAGR of +3.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2016 an increase of 18%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Germany ($X per ton) and Spain ($X per ton), while Russia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform