Sweden: Cocoa Bean Market 2025

Cocoa Bean Market Size in Sweden

The Swedish cocoa bean market shrank to $X in 2022, falling by -7.2% against the previous year. In general, consumption, however, continues to indicate strong growth. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Cocoa Bean Production in Sweden

In value terms, cocoa bean production amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with a decrease of 99.9%. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the immediate term.

The average yield of cocoa beans in Sweden was estimated at less than X kg per ha in 2022, remaining relatively unchanged against the previous year. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cocoa beans production in Sweden amounted to less than X ha, standing approx. at the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Cocoa Bean Exports

Exports from Sweden

In 2022, overseas shipments of cocoa beans decreased by -5.7% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 402%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, cocoa bean exports expanded markedly to $X in 2022. Overall, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 633% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for cocoa bean exports from Sweden, with a 68% share of total exports. Moreover, cocoa bean exports to Norway exceeded the volume sent to the second major destination, the UK (X kg), sixfold. The third position in this ranking was taken by Finland (X kg), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume to Norway stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+84.7% per year) and Finland (+18.0% per year).

In value terms, Norway ($X) remains the key foreign market for cocoa beans exports from Sweden, comprising 68% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by Finland, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+119.5% per year) and Finland (+23.5% per year).

Export Prices by Country

The average cocoa bean export price stood at $X per ton in 2022, increasing by 19% against the previous year. In general, the export price saw strong growth. The pace of growth appeared the most rapid in 2021 an increase of 59% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Estonia ($X per ton) and Finland ($X per ton), while the average price for exports to Denmark ($X per ton) and the UK ($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 the UK (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Bean Imports

Imports into Sweden

In 2022, imports of cocoa beans into Sweden fell to X tons, with a decrease of -10.3% on 2021. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 169% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, cocoa bean imports declined slightly to $X in 2022. Overall, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by 86%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of cocoa bean imports to Sweden, with a combined 82% share of total imports. Thailand, Estonia, Belgium, Peru and the UK lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +6,606.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of cocoa beans to Sweden, comprising 50% of total imports. The second position in the ranking was held by Denmark ($X), with a 19% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +61.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+71.6% per year) and Germany (+22.1% per year).

Import Prices by Country

The average cocoa bean import price stood at $X per ton in 2022, surging by 7.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 90% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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