Cocoa Powder Market Overview in Greece
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.
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.