Cocoa powder and cake market in Italy

Earlier Report Observations

The Italian cocoa powder and cake market by volume grew steadily from 80 354 tonnes in 2018 to a peak of 88 285 tonnes in 2021, an increase of nearly 10% over three years. After 2021, volume stabilized, with 88 264 tonnes in 2022 and a slight adjustment to 86 781 tonnes in 2023, indicating a plateau in physical consumption.

In value terms, the market showed more volatility. Starting at 222.4 million US dollars in 2018, it dipped to 202.1 million in 2019 before recovering to 220.8 million in 2020. A sharp rise followed in 2021 to 265.3 million, then a moderate correction to 250.3 million in 2022, and finally another increase to 275.9 million in 2023. This pattern suggests that price movements for cocoa products significantly influenced market value independent of volume trends.

Overall, the period from 2018 to 2023 saw the market expand in both volume and value, with physical growth concentrating in the early years and monetary value continuing to rise through 2023 driven by higher unit prices.

Production cocoa powder and cake in Italy

In kind, 2017-2020, t

Italy was one of the world's leading producers of cocoa powder and cake from 2017 to 2020, ranking 11th globally by production volume during this period.

Top producers of cocoa powder and cake, 2017-2020

World map of production of cocoa powder and cake, 2017-2020

In 2020, Italy produced 55 521 tonnes of cocoa powder and cake, which represents a 3.5% decrease compared to 2019. Production peaked in 2019 at 57 527 tonnes, marking the highest level and the largest annual increase of 3.5% during the period.

Annual dynamics of production in Italy in kind, 2017-2020, t

In value, 2017-2020, M $ US

Following a two-year decline, Italy's cocoa powder and cake production value rebounded in 2020. Output was valued at 150.9 million US dollars, showing a 2.5% gain over the previous year. The lowest value was recorded in 2019 at 147.3 million US dollars, which also saw the largest decline of 2.6%.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

Exports cocoa powder and cake from Italy

Exports in kind, t

Italy's cocoa powder and cake exports declined for the third consecutive year in 2020, totaling 10 715 tonnes. This represents a significant decrease of 20.9% from 2019. From 2017 to 2020, exports fell by 31.8%, equivalent to an annualized decline rate of 12.0%.

Annual dynamics of product's exports from Italy in kind, 2017-2020, t

From 2017 to 2020, France, Turkey, and Canada were the main buyers of cocoa powder and cake from Italy, accounting for 21.0%, 17.4%, and 14.0% of exports in kind, respectively. Together, these three markets comprised 52.4% of Italy's total exports in kind during this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, M $ US

Cocoa powder and cake exports from Italy declined for the third consecutive year in 2020, with export value reaching 29.1 million US dollars. This reflects a strong drop of 16.0% compared to the previous year. Over the 2017-2020 period, exports decreased by 32.9%, with a compound annual growth rate (CAGR) of -12.4%.

Annual dynamics of product's exports from Italy in value, 2017-2020, M $ US

An analysis of export values from 2017 to 2020 shows a broad distribution across many markets. France, Turkey, and Canada accounted for 19.5%, 13.1%, and 12.0% of export value, respectively, totaling 44.7% of Italy's total exports. The remaining 55.3% was distributed among other trading partners.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports cocoa powder and cake to Italy

Imports in kind, t

Cocoa powder and cake imports to Italy declined for the second consecutive year in 2020, registering 37 507 tonnes. This amounted to a slight reduction of 1.0% from the previous year. Over the 2017-2020 period, imports increased by 5.1%, with a CAGR of 1.7%. The highest import volume was recorded in 2018 at 38 626 tonnes, which also saw the largest annual increase of 8.2%. In 2019, imports fell to their lowest point with the largest decline of 1.9%.

Annual dynamics of product's imports to Italy in kind, 2017-2020, t

From 2017 to 2020, the Netherlands, Germany, and France formed the main cluster of suppliers for Italy's cocoa powder and cake imports in kind. They accounted for 39.4%, 31.5%, and 14.1% of imports, respectively, with a combined share of 84.9% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, M $ US

Italy imported 99.1 million US dollars worth of cocoa powder and cake in 2020, representing a rise of 10.7% compared to the prior year. Over the 2017-2020 period, imports decreased by 7.0%, with a CAGR of -2.4%. The lowest import value was recorded in 2019 at 89.5 million US dollars, which also saw the largest decline of 17.8%. The highest value occurred in 2018 at 108.9 million US dollars.

Annual dynamics of product's imports to Italy in value, 2017-2020, M $ US

Throughout 2017 to 2020, the Netherlands, Germany, and France played the leading roles in Italy's cocoa powder and cake imports by value. They accounted for 36.9%, 35.8%, and 15.2% of import value, respectively, jointly taking 87.8% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020