Cocoa Powder Market Overview in Germany
In value terms, cocoa powder production amounted to $ in 2019 estimated in export prices. Overall, production saw a perceptible expansion. The growth pace was the most rapid in 2010 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2011 to 2019, production growth failed to regain the momentum.
The size of the cocoa powder market in Germany surged to $ in 2019, picking up 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). Over the period under review, consumption, however, showed a mild reduction. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.