Cocoa Powder Market Overview in Finland
In value terms, cocoa powder production expanded remarkably to $ in 2019 estimated in export prices. Overall, the total production indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2013 indices. The pace of growth was the most pronounced in 2011 when the production volume increased by % year-to-year. Over the period under review, production hit record highs in 2019 and is likely to see gradual growth in the immediate term.
The value of the cocoa powder market in Finland shrank markedly to $ in 2019, which is down 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 saw a mild increase. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2012 to 2019, the growth of the market remained at a lower figure.