Poland: Cocoa Powder Market 2024

Cocoa Powder Market Size in Poland

The Polish cocoa powder market reduced to $X in 2022, which is down by -12.7% against the previous year. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +109.0% against 2014 indices. Cocoa powder consumption peaked at $X in 2021, and then declined in the following year.

Cocoa Powder Production in Poland

In value terms, cocoa powder production reached $X in 2022 estimated in export price. In general, production continues to indicate a abrupt setback. The growth pace was the most rapid in 2016 when the production volume increased by 12% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cocoa Powder Exports

Exports from Poland

In 2022, the amount of cocoa powder (not sweetened) exported from Poland reduced modestly to X tons, waning by -3.4% against 2021. Overall, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 43%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cocoa powder exports expanded sharply to $X in 2022. Over the period under review, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons), Romania (X tons) and Belgium (X tons) were the main destinations of cocoa powder exports from Poland, together comprising 39% of total exports. The Czech Republic, Germany, Belarus, Slovakia, Ukraine, Hungary, Greece, Croatia, Lithuania and Sweden lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +110.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Russia ($X) and Belgium ($X) constituted the largest markets for cocoa powder exported from Poland worldwide, together accounting for 40% of total exports. The Czech Republic, Germany, Slovakia, Ukraine, Hungary, Belarus, Croatia, Greece, Sweden and Lithuania lagged somewhat behind, together accounting for a further 43%.

Greece, with a CAGR of +96.8%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average cocoa powder export price amounted to $X per ton, growing by 12% against the previous year. Overall, the export price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 29%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Belarus ($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 Ukraine (-0.9%), while the prices for the other major destinations experienced a decline.

Cocoa Powder Imports

Imports into Poland

In 2022, approx. X tons of cocoa powder (not sweetened) were imported into Poland; reducing by -11.7% compared with the year before. In general, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.3% 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 2016 with an increase of 25%. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, cocoa powder imports contracted to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 50% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of cocoa powder imports to Poland, together accounting for 88% of total imports. France, Switzerland and Cote d'Ivoire lagged somewhat behind, together accounting for a further 7.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +64.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cocoa powder suppliers to Poland were the Netherlands ($X), Germany ($X) and Italy ($X), together comprising 87% of total imports. France, Switzerland and Cote d'Ivoire lagged somewhat behind, together accounting for a further 7.7%.

Among the main suppliers, Switzerland, with a CAGR of +60.4%, 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 average cocoa powder import price amounted to $X per ton, falling by -2.7% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 an increase of 20%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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