Sweetened cocoa powder market in Greece, 2026

Earlier Report Observations

The market volume for sweetened cocoa powder in Greece reached 3 184 t in 2018, with the presence of long-standing local producer ION, which employed Dutch processing to improve product quality. A market recall due to ochratoxin A contamination that year underscored ongoing food safety scrutiny. In 2019, volume fell sharply to 2 001 t, even as new segments like organic cocoa fibers emerged and demand for organic, raw products grew among health-conscious consumers.

Market volume recovered to 2 715 t in 2020, driven by a shift in consumer preferences toward pure, bitter, and less processed cocoa products amid increased health awareness. However, from 2021, the market contracted, falling to 2 284 t in 2021 and 2 111 t in 2022. This decline was caused by global cocoa supply shortages and significant price increases reported by the International Cocoa Organization, compounded by droughts, plant diseases, and underinvestment in plantations that reduced global grindings and availability.

Import and export figures continued to decline through 2023 and 2024, indicating that supply constraints and high prices persisted, maintaining downward pressure on the market.

Production sweetened cocoa powder in Greece

In value, 2017-2020, K $ US

After two consecutive years of decline, Greece's sweetened cocoa powder production increased in value. In 2020, output was valued at 6 183 K $ US, representing a 2.3% increase compared to 2019. However, between 2017 and 2020, production decreased by 11.4%, which translates to an average annual decline of 4.0%. The lowest value was recorded in 2019 at 6 042 K $ US, while the largest decline occurred in 2018 with a drop of 7.7%.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

In kind, 2017-2020, t

Following a two-year decline, Greece's sweetened cocoa powder production increased in volume. In 2020, Greece produced 1 214 tons of sweetened cocoa powder, marking a 2.0% rise compared to the previous year. Over the period from 2017 to 2020, production decreased by 10.6%, averaging an annual decline of 3.7%. The lowest volume was recorded in 2019 at 1 191 tons, with the largest decline occurring in 2018 at 10.8%.

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

Exports sweetened cocoa powder from Greece

Exports in kind, t

The export volume of sweetened cocoa powder from Greece showed significant fluctuations during this period. The lowest exports were recorded in 2017, while the highest volume was reached in 2019, creating a 7.7-fold difference between these years. In 2020, exports totaled 226 tons, indicating a sharp decrease of 83.8% compared to 2019. The maximum value was recorded in 2019 at 1 395 tons, with the largest increase occurring that same year at 588.8%.

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

From 2017 to 2020, Greece's sweetened cocoa powder exports in volume were heavily concentrated on Cyprus, which accounted for 84.7% of total flows. All other countries combined represented the remaining share.

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

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

Exports in value, K $ US

Greece's sweetened cocoa powder export value declined for the second consecutive year. In 2020, exports totaled 853 K $ US, marking a decrease of 4.6% compared to the previous year. However, over the entire 2017-2020 period, exports increased by 8.2%, with a compound annual growth rate of 2.6%. The maximum value was recorded in 2018 at 952 K $ US. The largest decline occurred in 2019 with a drop of 6.0%, while the largest increase was recorded in 2018 at 20.7%.

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

From 2017 to 2020, Cyprus, Albania, and Belgium consistently remained the main destinations for Greece's sweetened cocoa powder exports in value terms. Cyprus accounted for 60.5% of exports, Albania for 15.2%, and Belgium for 5.9%. Together, these three countries represented 81.6% of total export flows.

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

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

Imports sweetened cocoa powder to Greece

Imports in kind, t

In 2020, Greece's volume of sweetened cocoa powder imports amounted to 1 728 tons, marking a decrease of 21.7% year-over-year. Over the 2017-2020 period, imports decreased by 24.2%, with a compound annual decline rate of 8.8%. The largest increase was recorded in 2019 at 1.4%.

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

From 2017 to 2020, Austria, Germany, and the United Kingdom consistently remained the main sources for Greece's sweetened cocoa powder imports in volume terms. Austria accounted for 25.2% of imports, Germany for 22.7%, and the United Kingdom for 15.9%. Together, these three countries represented 63.8% of total import flows.

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

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

Imports in value, K $ US

The value of sweetened cocoa powder imports to Greece declined for the third consecutive year. In 2020, imports were recorded at 5 631 K $ US, which is 3.2% lower than the previous year. Between 2017 and 2020, imports decreased by 15.9%, equating to an average annual decline of 5.6%.

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

Throughout 2017 to 2020, Germany, Austria, and the United Kingdom formed the core group of markets for Greece's sweetened cocoa powder imports in value terms. Germany accounted for 27.2% of imports, Austria for 22.6%, and the United Kingdom for 13.4%. Together, these three countries represented 63.2% of total import flows.

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

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