The demand for cocoa beans in Spain saw various fluctuations between 2014 and 2023, with a notable high in 2017 and a significant dip in 2018. The demand in 2023 stood at 109.0 Thousand Metric Tons, identical to the previous year, indicating stability over the recent years. Year-on-year variations have displayed a volatile pattern with the highest increase of 12.39% in 2017 and the steepest decline of -18.11% in 2018. Over the past five years, the compound annual growth rate (CAGR) averaged at 0.94%, suggesting moderate overall growth.
For the projected period from 2024 to 2028, the demand for cocoa beans is expected to slightly decline with an average annual decrease of -0.18%, suggesting a forecasted 5-year growth rate of -0.92%. Trends to monitor include potential shifts in consumer preferences, the impact of sustainable sourcing practices, and global market dynamics that could influence the demand trajectory.
