Cocoa Powder Market Overview in Hungary
In value terms, cocoa powder production fell to $ in 2019 estimated in export prices. Overall, production saw a abrupt setback. The growth pace was the most rapid in 2009 when the production volume increased by % y-o-y. Cocoa powder production peaked at $ in 2007; however, from 2008 to 2019, production remained at a lower figure.
The value of the cocoa powder market in Hungary shrank 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). Over the period under review, the total consumption indicated a perceptible expansion 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 2017 indices. The pace of growth appeared the most rapid in 2010 with an increase of % against the previous year. Cocoa powder consumption peaked at $ in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.