Between 2013 and 2023, the Netherlands' exports of cocoa powder and cocoa cake to Turkey experienced substantial fluctuations. The year-on-year variation exhibited periods of both sharp increases and notable declines. For example, 2016 saw a considerable drop of 43.3%, followed by a significant rebound in 2017 with an 80.52% increase. The year 2023 witnessed a stable growth with a 5.22% rise, bringing the volume to 16.52 thousand metric tons.
In examining the compound annual growth rate (CAGR) for this period, there's evident variability. A stark contrast is seen in 2016 with a negative growth rate, whereas subsequent years showed recovery, particularly notable with the 9.6% CAGR in 2019.
Future trends to watch for include the projected steadier growth, with a forecasted annual increase averaging 3.41% from 2024 to 2028. This suggests a more consistent rise in exports, aiming to reach 20.49 thousand metric tons by 2028. Market players should monitor global cocoa prices, demand fluctuations, and trade policies that could impact these forecasts.
