Sweden: Cocoa Powder Market 2024

Cocoa Powder Market Size in Sweden

In 2022, the Swedish cocoa powder market increased by 12% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, continues to indicate a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cocoa Powder Production in Sweden

In value terms, cocoa powder production shrank to $X in 2022 estimated in export price. In general, production saw a abrupt descent. The pace of growth appeared the most rapid in 2021 when the production volume increased by 0.6% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cocoa Powder Exports

Exports from Sweden

In 2022, the amount of cocoa powder (not sweetened) exported from Sweden shrank notably to X tons, with a decrease of -46.9% against the previous year. Over the period under review, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 43%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cocoa powder exports declined markedly to $X in 2022. In general, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland (X tons) was the main destination for cocoa powder exports from Sweden, with a 40% share of total exports. Moreover, cocoa powder exports to Finland exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was taken by Estonia (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Finland totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+66.6% per year) and Estonia (+44.6% per year).

In value terms, Finland ($X) remains the key foreign market for cocoa powder (not sweetened) exports from Sweden, comprising 43% of total exports. The second position in the ranking was taken by Poland ($X), with a 13% share of total exports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland totaled -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+59.5% per year) and Belgium (-25.8% per year).

Export Prices by Country

The average cocoa powder export price stood at $X per ton in 2022, declining by -3.9% against the previous year. Over the period under review, the export price recorded a pronounced descent. The pace of growth appeared the most rapid in 2020 an increase of 10% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Hong Kong SAR ($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 the Netherlands (-0.4%), while the prices for the other major destinations experienced a decline.

Cocoa Powder Imports

Imports into Sweden

In 2022, supplies from abroad of cocoa powder (not sweetened) increased by 2.1% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, cocoa powder imports rose notably to $X in 2022. In general, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 31%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of cocoa powder to Sweden, with a 49% share of total imports. Moreover, cocoa powder imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The third position in this ranking was taken by Norway (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-0.5% per year) and Norway (+88.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cocoa powder (not sweetened) to Sweden, comprising 41% of total imports. The second position in the ranking was taken by Norway ($X), with a 19% share of total imports. It was followed by Austria, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+88.1% per year) and Austria (-4.4% per year).

Import Prices by Country

In 2022, the average cocoa powder import price amounted to $X per ton, picking up by 8.4% against the previous year. Overall, the import price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2016 an increase of 21%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Norway ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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