**Greece Sees Surge in Cocoa Butter Imports Amid Global Demand**
**Greek chocolate makers boost cocoa purchases as global prices stabilize**
* Greece’s imports of cocoa butter, fat, and oil rose 12% year-over-year to 2,500 tonnes in June.
* The increase is attributed to higher demand from domestic confectionery manufacturers taking advantage of stabilizing global prices after a period of volatility.
* Prices for cocoa butter have softened by around 5% since May, making it more attractive for Greek chocolate makers to import the key ingredient.
Greek chocolate producers are taking advantage of lower global prices to replenish their stockpiles and meet increasing demand from domestic consumers. The uptick in imports is also seen as a sign of growing confidence in the country’s confectionery sector, which has been expanding in recent years driven by tourist demand and a growing middle class.
Yearly Import Summary
| year | total_quantity_kg | total_value_eur |
|---|---|---|
| 2020 | 3,226,137 | 16,178,602 |
| 2021 | 3,639,676 | 16,392,761 |
| 2022 | 3,837,326 | 16,780,330 |
| 2023 | 3,498,810 | 19,817,181 |
| 2024 | 3,560,543 | 52,219,870 |
Top Partner Countries 2024
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Netherlands | 1,645,728 | 21,275,952 |
| Turkey | 619,001 | 11,925,998 |
| Germany | 401,137 | 5,439,978 |
| Spain | 297,701 | 4,317,268 |
| Bulgaria | 190,042 | 4,161,930 |
| Italy | 131,613 | 1,306,168 |
| Poland | 128,280 | 2,209,688 |
| Sweden | 58,750 | 241,332 |
| Lithuania | 56,000 | 635,630 |
| Côte d Ivoire | 20,050 | 507,124 |
Top Partner Countries 2023
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Netherlands | 1,598,256 | 9,252,820 |
| Turkey | 587,000 | 3,678,806 |
| Spain | 538,006 | 3,080,317 |
| Germany | 304,692 | 1,818,920 |
| Indonesia | 214,400 | 539,236 |
| Bulgaria | 182,790 | 1,097,326 |
| Sweden | 65,850 | 259,062 |
| Belgium | 4,065 | 44,007 |
| Italy | 3,393 | 41,445 |
| Romania | 200 | 3,320 |
