Netherlands: Cocoa Butter Market 2024

Cocoa Butter Market Size in the Netherlands

In 2022, the Dutch cocoa butter market increased by 6.7% to $X, rising for the third year in a row after two years of decline. Over the period under review, the total consumption indicated a perceptible increase 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 +29.8% against 2019 indices. Cocoa butter consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cocoa Butter Production in the Netherlands

In value terms, cocoa butter production stood at $X in 2022 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 -0.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 55%. Cocoa butter production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Cocoa Butter Exports

Exports from the Netherlands

In 2022, approx. X tons of cocoa butter were exported from the Netherlands; approximately reflecting the previous year's figure. The total export volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 9.3% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cocoa butter exports dropped significantly to $X in 2022. Overall, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.7% against 2018 indices. The pace of growth was the most pronounced in 2014 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), Belgium (X tons) and the UK (X tons) were the main destinations of cocoa butter exports from the Netherlands, with a combined 58% share of total exports. Switzerland, Italy, France, Poland, Sweden, Turkey, Spain, the United States, Austria and Ukraine lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +14.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cocoa butter exported from the Netherlands were Germany ($X), Belgium ($X) and the UK ($X), together accounting for 58% of total exports. Switzerland, Italy, France, Poland, Sweden, Turkey, Austria, Spain, the United States and Ukraine lagged somewhat behind, together comprising a further 31%.

Spain, with a CAGR of +18.0%, 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 butter export price amounted to $X per ton, declining by -15.8% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price 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, cocoa butter export price decreased by -21.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 63% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Sweden ($X per ton) and Austria ($X per ton), while the average price for exports to Turkey ($X per ton) and the United States ($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 Ukraine (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Butter Imports

Imports into the Netherlands

Cocoa butter imports into the Netherlands expanded sharply to X tons in 2022, increasing by 12% against 2021. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cocoa butter imports dropped to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.2% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 53%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Cote d'Ivoire (X tons), Ghana (X tons) and Indonesia (X tons) were the main suppliers of cocoa butter imports to the Netherlands, together accounting for 75% of total imports. France, Germany, Cameroon, Malaysia, Nigeria and China lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cameroon (with a CAGR of +209.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Indonesia ($X) constituted the largest cocoa butter suppliers to the Netherlands, with a combined 75% share of total imports. France, Germany, Cameroon, Malaysia, Nigeria and China lagged somewhat behind, together accounting for a further 19%.

Cameroon, with a CAGR of +209.8%, saw 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, reducing by -19.9% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa butter import price decreased by -33.3% against 2014 indices. The pace of growth appeared the most rapid in 2014 an increase of 57%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and France ($X per ton), while the price for Cameroon ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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