Cocoa Butter Market in the United Kingdom
Market Overview
The UK cocoa butter market surged to $
in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a perceptible contraction. Cocoa butter consumption peaked at $ in 2008; however, from 2009 to , consumption remained at a lower figure.
In value terms, cocoa butter production fell modestly to $ in estimated in export price. In general, production faced a dramatic downturn. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2009 to , production growth remained at a somewhat lower figure.
in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a perceptible contraction. Cocoa butter consumption peaked at $ in 2008; however, from 2009 to , consumption remained at a lower figure.In value terms, cocoa butter production fell modestly to $
in estimated in export price. In general, production faced a dramatic downturn. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2009 to , production growth remained at a somewhat lower figure.Consumption
Cocoa butter consumption in the UK skyrocketed to tons in , jumping by % compared with . Over the period under review, consumption, however, showed a perceptible slump. Cocoa butter consumption peaked at tons in 2008; however, from 2009 to , consumption remained at a lower figure.
The value of the cocoa butter market in the UK soared to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a perceptible reduction. Cocoa butter consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
tons in , jumping by % compared with . Over the period under review, consumption, however, showed a perceptible slump. Cocoa butter consumption peaked at tons in 2008; however, from 2009 to , consumption remained at a lower figure.The value of the cocoa butter market in the UK soared to $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a perceptible reduction. Cocoa butter consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for cocoa butter in the UK, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in the UK increased significantly over the last fifteen years (from % to %). Cocoa butter market in the UK consists almost entirely of imported products.
% to %). Cocoa butter market in the UK consists almost entirely of imported products.Trade Balance
The UK remains a net importer of cocoa butter; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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