Finland: Cocoa Butter Market 2024

Cocoa Butter Market Size in Finland

For the third consecutive year, the Finnish cocoa butter market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption, however, recorded a abrupt shrinkage. Cocoa butter consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cocoa Butter Production in Finland

In value terms, cocoa butter production fell dramatically to $X in 2022 estimated in export price. Over the period under review, production saw a sharp downturn. The growth pace was the most rapid in 2016 when the production volume increased by X%. Cocoa butter production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Cocoa Butter Exports

Exports from Finland

In 2022, overseas shipments of cocoa butter decreased by X% to X kg, falling for the second year in a row after five years of growth. Overall, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa butter exports dropped markedly to $X in 2022. Over the period under review, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X kg) was the main destination for cocoa butter exports from Finland, with a X% share of total exports. It was followed by the UK (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland stood at X%.

In value terms, Switzerland ($X) emerged as the key foreign market for cocoa butter exports from Finland, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland stood at X%.

Export Prices by Country

In 2022, the average cocoa butter export price amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, saw a strong expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Switzerland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced a decline.

Cocoa Butter Imports

Imports into Finland

In 2022, approx. X tons of cocoa butter were imported into Finland; jumping by X% against the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cocoa butter imports reduced to $X in 2022. Overall, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest cocoa butter supplier to Finland, accounting for a X% share of total imports. Moreover, cocoa butter imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at X%.

In value terms, the Netherlands ($X) constituted the largest supplier of cocoa butter to Finland, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled X%.

Import Prices by Country

In 2022, the average cocoa butter import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%).

Source: IndexBox Platform

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