Israel: Cocoa Powder Market 2024

Cocoa Powder Market Size in Israel

After six years of growth, the Israeli cocoa powder market decreased by -2.9% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Cocoa powder consumption peaked at $X in 2021, and then declined modestly in the following year.

Cocoa Powder Production in Israel

In value terms, cocoa powder production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 101% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cocoa Powder Exports

Exports from Israel

In 2022, after two years of decline, there was significant growth in overseas shipments of cocoa powder (not sweetened), when their volume increased by 28% to X tons. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 111% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cocoa powder exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a perceptible decline. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for cocoa powder exports from Israel, accounting for a 79% share of total exports. Moreover, cocoa powder exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), tenfold. The third position in this ranking was held by Romania (X tons), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-0.3% per year) and Romania (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for cocoa powder (not sweetened) exports from Israel, comprising 79% of total exports. The second position in the ranking was held by Canada ($X), with a 7.7% share of total exports. It was followed by Romania, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-5.0% per year) and Romania (0.0% per year).

Export Prices by Country

The average cocoa powder export price stood at $X per ton in 2022, rising by 5% against the previous year. In general, the export price, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and the UK ($X per ton), while the average price for exports to the United States ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-4.7%), while the prices for the other major destinations experienced a decline.

Cocoa Powder Imports

Imports into Israel

Cocoa powder imports into Israel contracted to X tons in 2022, waning by -12.4% compared with the year before. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 19%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cocoa powder imports reduced to $X in 2022. Overall, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2020 when imports increased by 32%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of cocoa powder imports to Israel, together comprising 70% of total imports. Turkey, Ghana, Cote d'Ivoire and Spain lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +42.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa powder suppliers to Israel were the Netherlands ($X), Germany ($X) and France ($X), with a combined 70% share of total imports. Turkey, Ghana, Cote d'Ivoire and Spain lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, Ghana, with a CAGR of +36.8%, saw the highest growth rate of 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

The average cocoa powder import price stood at $X per ton in 2022, with an increase of 8.3% against the previous year. Over the period under review, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Cote d'Ivoire ($X per ton) and Ghana ($X per ton), while the price for France ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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