The Unsweetened Cocoa Powder market in Hungary reached 7.9887 million kilograms in 2023. Over the past decade, it experienced moderate fluctuations with a peak in 2017 and subsequent declines. Notably, year-on-year trends show a steep rise of 12.73% in 2017, followed by varied performance. In recent years, 2022 saw a 6.13% uptick, though 2023 growth slowed to 0.83%. The 5-year compound annual growth rate (CAGR) stands at -0.39%, indicating a slight decline overall.
Future trends to watch:
- Consumer preferences shifting towards natural and health-conscious products could drive demand.
- E-commerce expansion may enhance product accessibility, affecting market dynamics.
- Environmental and economic factors, such as cocoa production challenges and market prices, influencing supply and demand will be crucial.
| # | 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% | View data |
| 4 | 4 Hungary | 7,988,700 | 2023 | +0.83% | -0.39% | |
| 5 | 5 Romania | 6,618,500 | 2023 | +1.06% | +0.66% | View data |
| 6 | 6 Greece | 5,417,100 | 2023 | +2.03% | +3.31% | View data |
