Report Update Nov 1, 2024

Ireland - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Cocoa Powder Market 2024

Cocoa Powder Market Size in Ireland

After two years of decline, the Irish cocoa powder market increased by 23% to $X in 2022. In general, consumption, however, saw a deep downturn. Cocoa powder consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cocoa Powder Production in Ireland

In value terms, cocoa powder production declined to $X in 2022 estimated in export price. In general, production saw a noticeable decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 64% against the previous year. Cocoa powder production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Cocoa Powder Exports

Exports from Ireland

In 2022, shipments abroad of cocoa powder (not sweetened) decreased by 0% to X tons, falling for the second consecutive year after three years of growth. Overall, exports posted a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 286% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cocoa powder exports totaled $X in 2022. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 214%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for cocoa powder exports from Ireland, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +61.3%.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +45.7%.

Export Prices by Country

In 2022, the average cocoa powder export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 51% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to -2.8% per year.

Cocoa Powder Imports

Imports into Ireland

In 2022, purchases abroad of cocoa powder (not sweetened) decreased by 0% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 112% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cocoa powder imports stood at $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 68%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of cocoa powder imports to Ireland, with a combined 84% share of total imports. France, Belgium and Spain lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +59.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa powder suppliers to Ireland were the UK ($X), the Netherlands ($X) and France ($X), with a combined 81% share of total imports. Germany, Belgium and Spain lagged somewhat behind, together accounting for a further 16%.

Belgium, with a CAGR of +59.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cocoa powder import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 104%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa powder (not sweetened) in the world?

The countries with the highest volumes of cocoa powder consumption in 2021 were China, the United States and Brazil, with a combined 32% share of global consumption. These countries were followed by India, Malaysia, Indonesia, Nigeria, Russia, Pakistan, the UK and Germany, which together accounted for a further 21%.

What are the largest producers of cocoa powder (not sweetened) in the world?

The countries with the highest volumes of cocoa powder production in 2021 were China, the Netherlands and the United States, together comprising 31% of global production. These countries were followed by Brazil, Indonesia, Malaysia, India, Germany, Spain, Nigeria, Ghana, Cote d'Ivoire and Pakistan, which together accounted for a further 36%.

What are the leading suppliers of cocoa powder (not sweetened) to Ireland?

In value terms, the UK constituted the largest supplier of cocoa powder to Ireland, comprising 55% of total imports. The second position in the ranking was occupied by the Netherlands, with an 18% share of total imports. It was followed by Belgium, with a 10% share.

What are the leading importers of cocoa powder (not sweetened) from Ireland?

In value terms, the UK remains the key foreign market for cocoa powder exports from Ireland.

What is the average export price for cocoa powder (not sweetened) in Ireland?

The average cocoa powder export price stood at $5,056 per ton in 2021, rising by 45% against the previous year.

What is the average import price for cocoa powder (not sweetened) in Ireland?

In 2021, the average cocoa powder import price amounted to $2,548 per ton, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the cocoa powder market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 665 - Cocoa Powder and Cake

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023