Sweetened cocoa powder market in Spain

Earlier Report Observations

The market volume for sweetened cocoa powder in Spain declined from 68 727 t in 2018 to 59 172 t in 2020, a reduction of nearly 14% over two years. This contraction occurred without major reported market-specific drivers during this period.

From 2021, the market's value began to recover despite continued volume declines. The launch of premium chocolate and cocoa lines, along with growing export opportunities, helped shift consumption toward higher-value products. By 2023, increasing consumer demand for organic and low-sugar cocoa powder spurred product innovation, supporting market value which reached 233.1 million $ US even as volume fell to 52 934 t.

In 2024, market volume saw a slight rebound to 54 490 t, while value rose to 236.7 million $ US. This coincided with a sharp increase in international cocoa prices due to supply shortages in West Africa, which raised production costs. Simultaneously, major international players like Ferrero and Cargill expanded their processing capacities, and the EU's new deforestation-free regulation (EUDR) introduced traceability requirements for cocoa supply chains, affecting Spanish importers and manufacturers.

Production sweetened cocoa powder in Spain

In value, 2017-2020, M $ US

Spain's sweetened cocoa powder production value declined for the second consecutive year. In 2020, output was valued at 205.2 million US dollars, representing a 3.5% decrease from 2019. Over the 2017-2020 period, production fell by 4.6%, with a compound annual growth rate of 1.6%. The highest value was recorded in 2018 at 221.1 million US dollars. The largest annual decline occurred in 2019 at 3.8%, while the largest increase was in 2018 at 2.8%.

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

In kind, 2017-2020, t

Spain's sweetened cocoa powder production volume declined for the third consecutive year. In 2020, Spain produced 54 735 tonnes, marking a moderate 4.9% decrease compared to the previous year. From 2017 to 2020, production dropped by 6.9%, with a compound annual growth rate of 2.4%.

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

Exports sweetened cocoa powder from Spain

Exports in kind, t

Spain's sweetened cocoa powder exports increased for the second consecutive year. In 2020, exports reached 1 009 tonnes, reflecting a steep 65.0% rise from 2019. Between 2017 and 2020, exports grew by 14.3%, equating to an annualized rate of 4.5%. The lowest volume was recorded in 2018 at 604 tonnes, which also saw the largest decline of 31.6%.

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

From 2017 to 2020, Spain's sweetened cocoa powder exports in volume terms were relatively evenly distributed. Portugal accounted for 21.0% of exports, France for 14.3%, and Morocco for 9.2%, with these three countries together representing only 44.6% of total flows.

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

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

Exports in value, K $ US

After a two-year decrease, Spain's sweetened cocoa powder export value increased. In 2020, exports were recorded at 5 056 thousand US dollars, showing a notable 19.6% rise compared to the previous year. Over the 2017-2020 period, exports grew by 2.6%, with a compound annual growth rate of 0.9%. The lowest value was in 2019 at 4 229 thousand US dollars, while the largest decline occurred in 2018 at 12.7%.

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

From 2017 to 2020, Spain's sweetened cocoa powder exports in value terms were widely dispersed across partner countries. Portugal accounted for 13.0% of exports, France for 10.5%, and Italy for 7.3%, with these three countries together representing only 30.8% of total flows.

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

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

Imports sweetened cocoa powder to Spain

Imports in kind, t

Spain's sweetened cocoa powder imports declined for the second consecutive year. In 2020, imports amounted to 5 446 tonnes, marking a small 1.1% decrease from the previous year. Over the 2017-2020 period, imports fell by 51.9%, with a compound annual growth rate of 21.7%. The highest volume was recorded in 2018 at 11 643 tonnes. The largest decline occurred in 2019 at 52.7%, while the largest increase was in 2018 at 2.8%.

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

From 2017 to 2020, Germany remained the key source for sweetened cocoa powder imports to Spain, accounting for 74.7% of total imports in volume terms, while other destinations were much less significant.

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

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

Imports in value, K $ US

Spain's sweetened cocoa powder import value declined for the second consecutive year. In 2020, Spain imported a total of 14 323 thousand US dollars of sweetened cocoa powder, indicating a strong 13.8% fall compared to 2019. Over the 2017-2020 period, imports decreased by 49.3%, with a compound annual growth rate of 20.2%. The highest value was recorded in 2018 at 28 229 thousand US dollars. The largest decline occurred in 2019 at 41.1%, while the largest increase was in 2018 at 0.0%.

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

From 2017 to 2020, Germany, Belgium, and Italy were the main sources in the geographical breakdown of Spain's sweetened cocoa powder imports in value terms. Germany accounted for 59.7% of imports, Belgium for 13.6%, and Italy for 8.3%, with these three countries together representing 81.6% of total flows.

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

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