Luxembourg: Cocoa Butter Market 2025

Cocoa Butter Market Size in Luxembourg

The Luxembourg cocoa butter market expanded markedly to $X in 2022, increasing by 5.6% against the previous year. Overall, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.1% against 2020 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Cocoa Butter Production in Luxembourg

In value terms, cocoa butter production rose sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 69% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Cocoa Butter Exports

Exports from Luxembourg

In 2022, approx. X kg of cocoa butter were exported from Luxembourg; picking up by 40% on the previous year. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 102% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, cocoa butter exports shrank modestly to $X in 2022. Over the period under review, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 106% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg), Belgium (X kg) and Azerbaijan (X kg) were the main destinations of cocoa butter exports from Luxembourg, together accounting for 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of +36.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cocoa butter exported from Luxembourg were France ($X), Belgium ($X) and Azerbaijan ($X), with a combined 93% share of total exports.

Azerbaijan, with a CAGR of +26.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cocoa butter export price stood at $X per ton in 2022, shrinking by -28.7% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa butter export price decreased by -8.8% against 2019 indices. The growth pace was the most rapid in 2014 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cocoa Butter Imports

Imports into Luxembourg

In 2022, imports of cocoa butter into Luxembourg reduced slightly to X tons, declining by -4.7% against 2021 figures. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 89% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cocoa butter imports contracted markedly to $X in 2022. Overall, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

Nicaragua (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of cocoa butter imports to Luxembourg, together comprising 76% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +1,322.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa butter suppliers to Luxembourg were Nicaragua ($X), Germany ($X) and Belgium ($X), with a combined 73% share of total imports. The Netherlands, France and Switzerland lagged somewhat behind, together accounting for a further 25%.

The Netherlands, with a CAGR of +1,150.8%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 butter import price amounted to $X per ton, falling by -29.4% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the average import price increased by 54%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 Germany (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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