The Swedish unsweetened cocoa powder market witnessed fluctuations from 2013 to 2023, ending at 5.3988 million kilograms in 2023. The market experienced a growth period up until 2016, followed by a downward trend from 2017 onwards. A significant decline was observed in 2019, with volumes steadily decreasing since, reflected by a -1.65% year-on-year change in 2023. Over the last five years, a compound annual growth rate (CAGR) of -4.71% underscores a challenging market environment, with consecutive declines in volume.
Future trends to watch for include:
- Potential market stabilization as manufacturers adapt to shifts in consumer preferences and sustainable sourcing practices.
- Product diversification aimed at health-conscious consumers, potentially revitalizing market demand.
- Influence of trade policies and environmental regulations on supply chains in Sweden.
| # | 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% | View data |
| 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 |
| 7 | 7 Sweden | 5,398,800 | 2023 | -1.65% | -4.71% | |
| 8 | 8 Slovakia | 2,731,000 | 2023 | +1.66% | +2.48% | View data |
| 9 | 9 Denmark | 1,925,800 | 2023 | -2.53% | -1.09% | View data |
