Netherlands: Cocoa Powder Market 2024

Cocoa Powder Market Size in the Netherlands

In 2022, the Dutch cocoa powder market was finally on the rise to reach $X after two years of decline. In general, consumption saw a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cocoa Powder Production in the Netherlands

In value terms, cocoa powder production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 23% against the previous year. Cocoa powder production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cocoa Powder Exports

Exports from the Netherlands

In 2022, exports of cocoa powder (not sweetened) from the Netherlands dropped to X tons, waning by -10.1% against the previous year. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 14%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa powder exports contracted to $X in 2022. In general, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and France (X tons) were the main destinations of cocoa powder exports from the Netherlands, together comprising 36% of total exports. Turkey, Russia, Italy, Spain, Poland, Belgium, the UK, Japan, Algeria and Ukraine lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (with a CAGR of +16.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and France ($X) constituted the largest markets for cocoa powder exported from the Netherlands worldwide, together accounting for 38% of total exports. Turkey, Russia, Italy, Spain, Japan, Poland, Belgium, the UK, Ukraine and Algeria lagged somewhat behind, together comprising a further 33%.

Among the main countries of destination, Algeria, with a CAGR of +9.1%, recorded the highest rates of growth with regard to the value of exports, 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, rising by 3.4% against the previous year. In general, the export price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 16%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the 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 Japan ($X per ton) and the United States ($X per ton), while the average price for exports to Algeria ($X per ton) and Turkey ($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 Japan (-4.0%), while the prices for the other major destinations experienced a decline.

Cocoa Powder Imports

Imports into the Netherlands

In 2022, overseas purchases of cocoa powder (not sweetened) increased by 19% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 118%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cocoa powder imports surged to $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by +30.2% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 88%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Cote d'Ivoire (X tons), Ghana (X tons) and Belgium (X tons) were the main suppliers of cocoa powder imports to the Netherlands, together accounting for 74% of total imports. Germany, France, Brazil, Spain and Indonesia lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Belgium ($X) constituted the largest cocoa powder suppliers to the Netherlands, together accounting for 74% of total imports. Germany, France, Brazil, Spain and Indonesia lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, Germany, with a CAGR of +11.3%, 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, with an increase of 5.2% against the previous year. In general, the import price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Brazil ($X per ton) and France ($X per ton), while the price for Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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