Cocoa Powder Market Overview in Greece
Market Overview
The Greek cocoa powder market dropped to $
in 2019, with a decrease of -% 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). In general, the total consumption indicated a perceptible increase 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, consumption decreased by -% against 2016 indices. The growth pace was the most rapid in 2010 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2011; however, from 2012 to 2019, consumption remained at a lower figure.
In value terms, cocoa powder production reduced remarkably to $ in 2019 estimated in export prices. Over the period under review, production enjoyed a mild increase. The most prominent rate of growth was recorded in 2016 with an increase of % y-o-y. Cocoa powder production peaked at $ in 2011; however, from 2012 to 2019, production failed to regain the momentum.
in 2019, with a decrease of -% 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). In general, the total consumption indicated a perceptible increase 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, consumption decreased by -% against 2016 indices. The growth pace was the most rapid in 2010 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2011; however, from 2012 to 2019, consumption remained at a lower figure.In value terms, cocoa powder production reduced remarkably to $
in 2019 estimated in export prices. Over the period under review, production enjoyed a mild increase. The most prominent rate of growth was recorded in 2016 with an increase of % y-o-y. Cocoa powder production peaked at $ in 2011; however, from 2012 to 2019, production failed to regain the momentum.Consumption
In 2019, consumption of cocoa powder (not sweetened) decreased by -% to tonnes for the first time since 2013, thus ending a five-year rising trend. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Over the period under review, consumption reached the maximum volume at tonnes in 2018, and then fell modestly in the following year.
The revenue of the cocoa powder market in Greece reduced to $ in 2019, waning 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, the total consumption indicated a noticeable expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Cocoa powder consumption peaked at $ in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.
% to tonnes for the first time since 2013, thus ending a five-year rising trend. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Over the period under review, consumption reached the maximum volume at tonnes in 2018, and then fell modestly in the following year.The revenue of the cocoa powder market in Greece reduced to $
in 2019, waning 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, the total consumption indicated a noticeable expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Cocoa powder consumption peaked at $ in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for cocoa powder in Greece, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding 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 Greece consists almost entirely of imported products.
Trade Balance
Greece 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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