Cocoa Powder Market Overview in Portugal
In value terms, cocoa powder production skyrocketed to $ in estimated in export prices. In general, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Over the period under review, production attained the maximum level in and is expected to retain growth in years to come.
The revenue of the cocoa powder market in Portugal shrank significantly to $ in , dropping 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 pronounced growth. The most prominent rate of growth was recorded in 2010 when the market value increased by % year-to-year. Cocoa powder consumption peaked at $ in 2012; however, from 2013 to , consumption remained at a lower figure.