Finland: Cocoa Paste Market 2025

Cocoa Paste Market Size in Finland

After two years of decline, the Finnish cocoa paste market decreased by -65.8% to $X in 2021. In general, consumption, however, continues to indicate buoyant growth. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Cocoa Paste Production in Finland

In value terms, cocoa paste production expanded notably to $X in 2021 estimated in export price. Overall, production, however, saw a deep downturn. The growth pace was the most rapid in 2014 when the production volume increased by 37% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Cocoa Paste Exports

Exports from Finland

Cocoa paste exports from Finland soared to X kg in 2021, increasing by 25% on the previous year. In general, exports showed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 7,300% against the previous year. The exports peaked at X kg in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, cocoa paste exports declined notably to $X in 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 45,300%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X kg) was the main destination for cocoa paste exports from Finland, with a 46% share of total exports. Moreover, cocoa paste exports to Hong Kong SAR exceeded the volume sent to the second major destination, Russia (X kg), threefold. The third position in this ranking was held by Uganda (X kg), with a 13% share.

From 2013 to 2021, the average annual growth rate of volume to Hong Kong SAR totaled +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-21.4% per year) and Uganda (0.0% per year).

In value terms, the United States ($X), Hong Kong SAR ($X) and Russia ($X) appeared to be the largest markets for cocoa paste exported from Finland worldwide, together comprising 85% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +1.7%, 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 average cocoa paste export price stood at $X per ton in 2021, falling by -62.5% against the previous year. Overall, the export price, however, recorded resilient growth. The growth pace was the most rapid in 2014 an increase of 603% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.4%), while the prices for the other major destinations experienced mixed trend patterns.

Cocoa Paste Imports

Imports into Finland

In 2021, imports of cocoa paste into Finland shrank markedly to X tons, with a decrease of -36.1% against the previous year's figure. In general, imports recorded a pronounced slump. The growth pace was the most rapid in 2020 when imports increased by 44%. As a result, imports attained the peak of X tons, and then declined sharply in the following year.

In value terms, cocoa paste imports fell notably to $X in 2021. Over the period under review, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2014 with an increase of 29%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X tons) and Germany (X tons) were the main suppliers of cocoa paste imports to Finland.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +2.0%).

In value terms, the largest cocoa paste suppliers to Finland were the Netherlands ($X) and Germany ($X).

The Netherlands, with a CAGR of +2.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average cocoa paste import price stood at $X per ton in 2021, with an increase of 7.5% 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 average import price increased by 26%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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