Cocoa Powder Market Overview in Finland
Market Overview
The Finnish cocoa powder market declined sharply to $
in 2019, falling 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 continues to indicate modest growth. The pace of growth was the most pronounced in 2011 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2012 to 2019, the growth of the market failed to regain the momentum.
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.
in 2019, falling 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 continues to indicate modest growth. The pace of growth was the most pronounced in 2011 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2012 to 2019, the growth of the market failed to regain the momentum.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.Consumption
Cocoa powder consumption in Finland shrank markedly to tonnes in 2019, declining by -% compared with the year before. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of % against the previous year. As a result, consumption reached the peak volume of tonnes. From 2017 to 2019, the growth of the consumption remained at a somewhat lower figure.
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.
tonnes in 2019, declining by -% compared with the year before. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of % against the previous year. As a result, consumption reached the peak volume of tonnes. From 2017 to 2019, the growth of the consumption remained at a somewhat lower figure.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.Market Forecast
Driven by rising demand for cocoa powder in Finland, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Cocoa powder market in Finland consists almost entirely of imported products.
Trade Balance
Finland remains a net importer of cocoa powder; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, 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.
tonnes, 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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