The Unsweetened Cocoa Powder Market in Belgium has experienced fluctuating trends from 2012 to 2022. Starting at 16.281 million kilograms in 2012, the market saw moderate growth until 2014 before entering a period of decline until 2017. Noteworthy is the sharp increase in 2018 by 43%, bringing the volume to 19.391 million kilograms, followed by steady growth up to 2022, reaching 20.679 million kilograms. Year-on-year, growth rates varied significantly, with notable declines from 2015 to 2017 offset by robust gains from 2018 onward. Over the last two years, the market grew by approximately 1.87% annually, and the compound annual growth rate (CAGR) over the last five years was an impressive 8.81%.
Future trends to watch for include:
- Potential stabilization and continued moderate growth based on recent positive trends.
- Impact of global cocoa production and price fluctuations on the Belgian market.
- Changes in consumer preferences and health trends influencing demand for unsweetened cocoa powder.
| # | 12 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36,533,000 | 2023 | +2.8% | +2.88% | View data |
| 2 | 2 Poland | 29,298,000 | 2023 | +2.78% | +2.04% | View data |
| 3 | 3 Belgium | 21,051,000 | 2023 | +1.8% | +1.66% | |
| 4 | 4 Hungary | 7,988,700 | 2023 | +0.83% | -0.39% | View data |
| 5 | 5 Romania | 6,618,500 | 2023 | +1.06% | +0.66% | View data |
